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Pirelli & C. Shareholders' Meeting approves 2005 financial statements

PIRELLI & C. SPA ORDINARY SHAREHOLDERS
MEETING:

  • 2005 FINANCIAL STATEMENTS APPROVED
  • DISTRIBUTION OF DIVIDEND OF 0.0210 EUROS PER ORDINARY
    SHARE AND 0.0364 EUROS PER SAVINGS SHARE APPROVED
  • NEW BOARD OF STATUTORY AUDITORS ELECTED: LUIGI GUATRI
    APPOINTED PRESIDENT
  • AUTHORIZATION TO BUY COMPANY’S TREASURY SHARES, IN
    ACCORDANCE WITH LAW, RENEWED

Milan , 21 April 2006 – The Shareholders’ Meeting
of Pirelli & C. SpA took place today in
ordinary session.

The Meeting approved Pirelli & C. SpA
2005 Financial Statements , establishing the
distribution of a dividend of 0.0210 euros per
ordinary share and 0.0364 euros
per savings share . The dividend will be paid on
25 May 2006 (coupon date on 22 May 2006).

In addition, the Shareholders’ Meeting appointed the new Board of
Statutory Auditors, through votes on the basis of slates, composed
of: Luigi Guatri (who was also nominated President of the Board of
Statutory Auditors), Paolo Francesco Lazzati and Enrico Laghi, as
Effective Members, Luigi Guerra and Franco Ghiringhelli, as
Additional Members. The curricula of the newly nominated
members are available on the Company website (www.pirelli.com), in the Investor Relations area.

Finally, the Meeting renewed, for a period of 18 months, the
mandate to buy and alienate the Company’s ordinary and/or savings
shares in accordance with the law. The Board of Directors has thus
been given an instrument of broad scope, to use only if and when
the opportunities present themselves.

Download the press release (pdf
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