Bonds Outstanding

Pirelli has the following Bonds Outstanding:

€ 500 mn, 4,875%, expiring in 2008, issued by Pirelli & C. SpA
RIC Code: IT0091429919
ISIN Code: XS0091429919

€ 150 mn, 5,125%, expiring 2009, issued by Pirelli & C. Luxembourg S.A., granted by Pirelli & C. SpA
RIC Code: IT0095651757
ISIN Code: XS0095651757

In April 2007 expired bonds for €  500 mn, 6,5%, issued by Pirelli Finance Luxembourg S.A., granted by Pirelli & C. SpA

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(in thousands of euros)
Carrying amount
12/31/200712/31/2006
Pirelli & C. S.p.A. 1998-2008500.000 500.000
Pirelli & C. S.p.A. 1999-2009150.000 150.000
650.000 650.000

Last Revised: 06 2008