Outlook for the current year

In a macroeconomic scenario which continues to display critical elements and uncertainties, the Pirelli Group has already begun and will continue to implement the actions necessary to increase its competitive positioning and improve its efficiency.

For 2009, as announced when the 2009-2011 Industrial Plan was presented on February 11, 2009, Pirelli expects to report revenues amounting to about Euros 4.3 billion.

The ratio of the operating profit to sales (ROS) is forecast at 4.5 percent-5 percent. The net financial position at year-end is predicted to be an approximate negative Euros 1 billion, which will basically be in line with the level at year-end 2008