Board of Statutory Auditors

The Company bylaws provide that the Board of Statutory Auditors consists of three Standing Auditors and two Alternate Auditors.

The Board of Directors was appointed by the Shareholders' Meeting held on 29 April 2008 for three financial years to expire at the Shareholders' Meeting called to approve the financial reports for the year ending 31 December 2010.

Those proposing the slates made the candidates' profiles available so that the candidates' personal and professional characteristics, as well as some candidates' qualifications as independents, were made known prior to voting. The curricula vitae presented when the slates were filed were promptly published on the Governance section of www.pirelli.com, the Company website, where updated versions remain available.

The composition of the Board of Statutory Auditors: