The Board of Directors of Pirelli & C. SpA, has nominated Marco Tronchetti Provera as Executive Vice Chairman and Chief Executive Officer (CEO), attributing to him the powers for the operational management of Pirelli. The Chairman Ning Gaoning was attributed the legal representation of the Company and other powers foreseen in the current bylaws, notwithstanding the powers and prerogatives of the Board of Directors.

The Board of Directors also established, on the basis of the available information and statements from the interested parties themselves, the existence of the requisites required of board members to hold the position and, in particular, of independence (both in accordance with legislative decree 58/1998 and the code of self-regulation for listed companies) with regard to the nine independent board members: Wei Yintao, Domenico De Sole, Fan Xiaohua, Marisa Pappalardo, Tao Haisu, Carlo Secchi, Giovanni Lo Storto, Paola Boromei and Roberto Diacetti.

In relation to the verifications carried out regarding the independence of its members, it should be noted that the Board of Directors took stock of the absence of significant relationships of a professional or financial nature, conducted over the last three years, between board members qualified as independent and the Company or companies controlled by Pirelli & C. SpA, other than roles held in the Company’s corporate bodies.

The Board of Directors is thus composed: Ning Gaoning (Chairman), Marco Tronchetti Provera (Executive Vice Chairman and Chief Executive Officer), Yang Xingqiang, Bai Xinping, Wei Yintao (independent), Domenico De Sole (independent), Giovanni Tronchetti Provera, Zhang Haitao, Fan Xiaohua (independent), Marisa Pappalardo (independent), Tao Haisu (independent), Carlo Secchi (independent), Giovanni Lo Storto (independent), Paola Boromei (independent) e Roberto Diacetti (independent).