Investors and Financial Community

Group companies are committed to ensuring equal treatment for all categories of shareholders, thereby avoiding any preferential treatment. The reciprocal benefits that derive from belonging to a group of companies are pursued in accordance with the relevant legislation and the autonomous interests of each Group Company as it seeks to create value. (Article 3 of the Ethical Code ).

In line with Group Ethical Code provisions and as specified in the Investor Relations Policy,  Pirelli Pirelli attributes great strategic importance to financial communication, considering it a key tool for building a trust-based relationship with the financial markets.

Through top management and the Investor Relations Department, the Group maintains a constant, open and transparent dialogue with analysts and investors - both individuals and institutional investors - in view of promoting fair valuation of both the Group and its assets.

At the same time, Pirelli believes that constant dialogue with professionals in the financial sector represents a key tool to enhancing the value of Company assets by keeping up-to-date on changes in business trends affecting the Group and, more generally, macroeconomic trends.

Accuracy, timeliness, equality and transparency are thus the basic rules that Pirelli applies to its financial disclosures.
It uses typical communication tools and channels: from conference calls to one to one meetings held by Top management to present financial results to analysts and investors; presentation of the Company industrial plan during road-shows to leading financial markets; from the web to daily contact through the Investor Relations Department with financial analysts and investors.

Investor relations activities in 2009 will be focused on promoting even more frequent meetings with analysts and investors and enhancing the visibility of the Group's new Equity Story.

Consistently with its sustainable business vision and its strategic goal of becoming a "green performer"in the industrial sector, Pirelli has always placed particular emphasis and commitment on relations with ratings agencies that deal with sustainabilie finance (or Socially Responsible Investment - SRI).

Pirelli has received major recognition for its commitment and the results achieved in the field of sustainability through its inclusion in some of the most prestigious international stock exchange sustainability indices.

In 2008, Pirelli saw a sharp increase in its ratings in the Dow Jones Sustainability STOXX and WORLD Indexes, in the Financial Times "FTSE Global" and "FTSE European STOXX" Indexes, in the ASPI EUROZONE® (Advanced Sustainable Performance Indices) Index,   in the Axia Ethical and  Axia Csr Indexes.

In January 2009 and for the second year in a row, Pirelli was named "World Sustainability Leader" and "Gold Class Company " of the "Autoparts and Tyres" Sector by Sustainability Asset Management Group (SAM - Analysts for the Dow Jones Sustainability Indexes). This recognition was published in the prestigious Sustainability Yearbook 2009, published by SAM in collaboration with PricewaterhouseCoopers.

Information on both Company shareholders structure and its share capital is provided in the Corporate Governance Annual Report 2008 to which reference is made for more details. The cited information is also published in the Governance section of the Company website, www.pirelli.com. The "Investors" section of this website provides a complete information tool for matters of interest to shareholders and the financial community. Reference is made to that section for further details.