PIRELLI - Informations for Shareholders: share capital

Share Capital Evolution (figures excl. treasury shares)

Date	Share Capital (€ thousands)	Operation	Share Capital Evolution
August 2011	1.343.284,3
	(32.448)	Voluntary share capital reduction 29.08.2011
December 2010	1.375.732,7
	(178.814,0)	Share Capital reduction for Pirelli & C. RE spin-off
	278,0	Other
December 2008	1.554.268,7
December 2008	1.554.268,7
	(1.665,1)	Purchase of treasury share
	(1.234.016,5)	Reduction of nominal shares value from 0.52€ to 0.29€ - "Extraordinary Dividend"
December 2007	2.789.950,2
December 2006	2.789.950,2
	27,254.4	Warrant "ordinary shares Pirelli & C. 2003-2006" conversion
December 2005	2.762.695,8
Feb./ Mar.'05	789.189,5	Capital Increase (2 : 5)
	174.484,1	Warrant "ordinary shares Pirelli & C. 2003-2006" conversion
Gennaio 2005	1.799.022,.2
	(1.361,1)	Impact of IAS on treasury shares
December 2004	1.800.383,3
	939,9	Warrant "ordinary shares Pirelli & C. 2003-2006" conversion
December 2003	1.799.399,4
Ago.'03	715,151.9	Merger stock swap Pirelli S.p.A. - Pirelli & C S.p.A.
Giu.'03	812,164.8	Capital increase (3 : 1)
Giu. '03	(67,340.1)	Capital reduction through share withdrawal
December 2002	339,422.8
	14,014.1	Bond "Pirelli & C. 2.5% 1998-2003" conversion
December 2001	325,408.7

Last Revised: 20 Sep 2011