Milan, 30 October 2018 - In line with its prior announcement to the market, Pirelli & C. SpA states that it has mandated Goldman Sachs International to proceed with the partial buy-back, for a nominal maximum amount of 50 million euro through open-market repurchases, of the "Pirelli & C. S.p.A. €600,000,000 1.375 per cent. Guaranteed Notes due 25 January 2023" (ISIN: XS1757843146) notes issued by Pirelli & C. Spa and listed on the Luxembourg stock exchange.

The buy-back will end on December 14, 2018, unless there is an early termination because the maximum amount foreseen has been reached. Maximum acquisition price for repurchases will change as a consequence of the notes’ daily variations.

The buy-back is part of the company’s regular, pro-active management of its financial profile and its purpose is the cancellation of the bonds acquired. The company will provide periodic updates on the evolution of the notes’ repurchases.

Published on: 30 October 2018, 18:24 CET

October 31, 2018