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Pirelli: Press release

Milan, 20th February 2009 – With regard to comments on possible Pirelli transactions on Continental, the company declares that no transaction has been defined even along general outlines.

The company also points out that, consistent with the financial rigor foreseen by the guidelines of the recent 2009-2011 industrial plan, any possible future transaction of a strategic nature would not comport any recourse to the market.