Sustainability Channel

The first quarter of 2013

The Board of Directors today approved intermediate results for the three months ended 31 March 2013

PIRELLI & C. SPA BOARD APPROVES RESULTS FOR 3 MONTHS ENDED 31 MARCH 2013

PIRELLI & C. SPA

• REVENUES: 1,536.3 MILLION EURO (-1.3% COMPARED WITH 1,556.5 MILLION EURO ON 31

MARCH 2012) – REVENUES GREW 3.6% NET OF EXCHANGE RATE EFFECT

• TOTAL VOLUMES +3.9%, WITH PREMIUM +4% AND INDUSTRIAL BUSINESS +11.7%

• EBIT 179.8 MILLION EURO (-15.5% COMPARED WITH 212.7 MILLION EURO ON 31 MARCH

2012), WITH AN EBIT MARGIN OF 11.7% (13.7% ON 31 MARCH 2012)

• NET PROFIT 72.1 MILLION EURO (-41.7% COMPARED WITH 123.6 MILLION ON 31 MARCH

2012)

• NET FINANCIAL POSITION NEGATIVE 1,680.2 MILLION EURO

(1,205.2 MILLION EURO ON 31 DECEMBER 2012)

TYRE ACTIVITIES

• REVENUES 1,526.7 MILLION EURO (-1% COMPARED WITH 1,542.6 ON 31 MARCH 2012) -

UP 3.9% NET OF EXCHANGE RATE EFFECT

• EBIT 185.6 MILLION EURO (-15.1% COMPARED WITH 218.5 MILLION EURO ON 31 MARCH

2012) WITH AN EBIT MARGIN OF 12.2% (14.2% ON 31 MARCH 2012)

• CONSUMER BUSINESS EBIT MARGIN 12.2% (16.1% ON 31 MARCH 2012)

• INDUSTRIAL BUSINESS EBIT MARGIN 12.1% (8.5% ON 31 MARCH 2012)

2013 TARGETS CONFIRMED

TOTAL EXPECTED REVENUES BETWEEN 6.3 BILLION EURO AND 6.4 BILLION EURO

CONSOLIDATED EBIT BETWEEN 810 MILLION EURO AND 850 MILLION EURO, WITH MARGIN IN LINE

WITH OR SLIGHTLY HIGHER THAN 2012

INVESTMENT APPROXIMATELY 400 MILION EURO

CASH GENERATION BEFORE DIVIDENDS POSITIVE AND ABOVE 200 MILLION EURO, EQUAL TO ABOUT 3% OF SALES

NET FINANCIAL POSITION BELOW 1.2 BILLION EURO BEFORE RECLASSIFICATION
OF PRELIOS CREDIT

PIRELLI: SHAREHOLDERS’ MEETING 13 MAY 2013 PROPOSED CONFIRMATION OF CARLO SALVATORI AND NOMINATION OF JEAN PAUL FITOUSSI AND LUCA ROVATI AS NEW MEMBERS OF THE COMPANY’S BOARD

With reference the Shareholders’ Meeting of Pirelli & C. SpA called form May 13th, 2013, sole call, to deliberate, among other things, with regard to the “Nomination of three board members and and/or the reduction of the number of Board Members.” (point two of the order of the day ordinary session), it should be noted that today Camfin S.p.A., as a shareholder and member of the Shareholder Agreement of Pirelli & C., announced that it will ask shareholders to confirm Carlo Salvatori as a Board Member (as already proposed by the company’s Board of Directors) and to nominate – in substitution of Mario Greco and Paolo Ferro-Luzzi – Jean Paul Fitoussi (who declared his suitability to qualify as “independent” also in accordance with Borsa Italiana S.p.A’s code of self-regulation) and Luca Rovati.

Their curricula vitae are available on the Company’s website www.pirelli.com in the section dedicated to the Shareholders’ Meeting.

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PIRELLI’S 2013-2017 INDUSTRIAL PLAN WILL BE PRESENTED IN NOVEMBER

The decision was taken in order to provide better visibility on the medium-long term context of reference

Pirelli announces that the presentation of the 2013-2017 Industrial Plan, initially scheduled for May 8th, 2013, will take place in November of 2013, following the presentation of the results for the nine months ending September 30th, 2013. The decision was taken to provide better visibility on the context of reference and enable the preparation of coherent medium-to-long term forecasts, taking into account that the macro-economic and business context in which Pirelli operates is in significant and continuous evolution, more markedly so in recent times.

In rapidly developing markets and the United States, in particular, Premium demand is growing at a rate around three times faster than that of global demand for car tyres. In Europe, on the other hand, the persisting economic crisis is having a clear impact on consumption and therefore on the demand for tyres, even Premium ones.

In such a context, at the European market level, Pirelli is carrying out a significant review of its commercial structures. This entails, among other things, a growing integration of high-end European production capacity with the markets that present the greatest demand for Premium products.

The 2013 targets, announced to the market on March 11th, 2013, with the presentation of the 2012 results, remain unchanged.

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