MERGER OF PIRELLI & C. LUXEMBOURG SPA AND PIRELLI
INTO PIRELLI & C. SPA EXPECTED TO BE EFFECTIVE
STARTING AUGUST 4TH 2003
Milan, 29 July 2003 Pirelli informs that the Deed of Merger
of Pirelli & C. Luxembourg SpA and Pirelli SpA into Pirelli
& C. SpA is forecast to be executed next July 31st.
Its also forecast that the Deed of Merger will be
enrolled in Milans Register of Firms (Registro delle
Imprese) on August 1st and that the merger will be effective
starting August 4th 2003, with the extinction of merged companies
and the cancellation of Pirelli SpAs both ordinary and
saving shares from Italian Stock Exchange.
Should the above described hypothesis take place and neither
Warrant Mediocredito Lombardo-Azioni Ordinarie Pirelli
SpA nor stock option will be exercised before July 31st
2003, the value of new share capital of Pirelli & C. SpA will
be 1,799,399,399.20 euros, being composed by 3,460,383,460 shares
with a par value of 0.52 euros; of these, 3,325,619,031 ordinary
shares and 134,764,429 non convertible saving shares.