Dividends

Pirelli & C Shareholders meeting of 21 April 2010, approved the following dividends distribution:

This decision is a consequence of both the sustained fall in the indebtedness of Pirelli &C (528.8 million euros at 31 December 2009, compared to 1.027.7 million euros at the end of 2008) and the return to profit of the parent company (112.6 million euros).

In line with article 18 of the company bylaws, in addition to the 2009 dividend (2.03 eurocents), savings shareholders will also receive the previous year's dividend (2.03 eurocents, equivalent to 7% of the par value of the share).

Dividend Payment Schedule

Dividends Historical Trend

Ordinary (PECI.MI)

	N. of Shares	Dividend	Cons.EPS	Pay-Out	Ex-date
2009	5.229.274.503	0,0145	0,004	-	24-may-2010
2008	No dividend distribution
2007	5.230.524.503	0,0160	0,031	52%	19-May-08
2005	5.179.378.793	0,0210	0,062	34%	22-May-06
2004	5.177.943.110	0,0210	0,07	30%	23-May-05
2003	3.323.981.005	0,0310	(0,01)	-	24-May-04
2002	618.317.846	0,0800	(0,09)	-	9-Jun-03

Savings (PECIn.MI)

	N. of Shares	Dividend	Cons.EPS	Pay-Out	Ex-date
2009	130.272.660	0,0406	0,004	-	24-May-2010
2008	No dividend distribution
2007	130.272.660	0,0728	0,031	-	19-May-08
2005	134.764.429	0,0364	0,062	59%	22-May-06
2004	134.764.429	0,0364	0,07	52%	23-May-05
2003	134.764.429	0,0414	(0,01)	-	24-May-04
2002	34.418.257	0,0904	(0,09)	-	9-Jun-03