FAQ

Pirelli shares (ordinary and savings) are listed on the Milan Stock Exchange (Borsa Italiana S.p.A.) in the FTSE MIB index under the Blue Chips section.

Ordinary Pirelli shares are identified by the following codes: PECI.MI (Reuters) and PC IM (Bloomberg) while savings shares by the following codes: PECInMI (Reuters) and PCP IM (Bloomberg).

Savings shares are non-voting shares but nevertheless they benefit from a privileged economic status and certain rights established by law and by the Company’s Bylaws.

In particular, holders of savings shares are entitled to a dividend of € 0.2233 (7% of € 3.19). If in any financial year these shares return a lower dividend, then the difference is made up in the following two financial years.

Savings shares have higher dividends than ordinary shares which are rated at 2% percent of € 3.19.

For a more accurate description of the rights and privileges granted to the savings shares, see:

- REPORT ON CORPORATE GOVERNANCE AND THE STRUCTURE OF SHARE OWNERSHIP (par.2 letter “a” Rights and Obligations):
- art. 6 e 18 of Corporate Bylaws

45.52% of the ordinary share capital of Pirelli & C. is held by a voting trust between Camfin S.p.A. (20.32%), Mediobanca S.p.A. (4.61%), Edizione S.r.l. (4.61%); Fondiaria SAI S.p.A. (4.42%), Allianz S.p.A (4.41%), Assicurazioni Generali S.p.A. (4.41%), Intesa SanPaolo S.p.A. (1.62%); Sinpar S.p.A (0.63%) and Massimo Moratti (0.49%).

Aside from shares bound by the voting trust, Camfin holds a further 5.9% of shares with a total 26.2% of the entire ordinary share capital.

The aim of the voting trust is to guarantee a stable shareholding base and a unified direction in the management of the company.

Pirelli's share capital is composed of 475,740,182 ordinary shares and 12,251,311 savings shares.
 

The company holds 351,591 ordinary shares of Pirelli & C. (0.07% of ordinary shareholding) and 408,343 P&C savings shares (3.33% of savings shareholding). Therefore the company has a portfolio representing 0.16% of the Pirelli share capital.
 

On the 20 April in the shareholders meeting, the Board of Directors will propose that total dividends of € 81.1 million be distributed for the year 2010. A dividend of € 0.1650 is forecast for each ordinary shares and € 0.2290 for each savings share.
 

The regrouping of shares which took place on the 26 July 2006 resulted in the reduction of the total numbers of shares in circulation and facilitated the simplification of the administration of the shares for the benefit of the shareholders. Stock market transactions were also facilitated as the unit value of the shares was aligned with other listed stock in the Tyre sector and so avoided being perceived as "penny stock".
 

The operation of regrouping the shares of the Group did not require the approval of the savings shareholders as the operation merely involved the simplification of the organisation of the share capital and had no effect whatsoever on the statutory rights of the savings shareholders.