PIRELLI - Consolidated Financial Position

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Consolidated Financial Position

Pirelli & C ended the third quarter 2009 with a negative financial position of 691.4 million euros, an improvement of 416 million euros vs. the end of June 2009.

The improvement was mainly related to:

cash generated by Pirelli Tyre;
cash in of 130 mln € from the sale of Telecom Italia shares made in the third quarter;
positive impact of Pirelli RE rights issue (167.4 mln €).

Last Revised: 10 2009