Pirelli & C. SpA Shareholders' Meeting held

• 2007 FINANCIAL STATEMENTS APPROVED

• DISTRIBUTION OF A DIVIDEND OF 0.0160 EUROS PER ORDINARY SHARE AND 0.0728 EUROS PER SAVINGS SHARE RESOLVED UPON

• NEW BOARD OF DIRECTORS APPOINTED: INDEPENDENT DIRECTORS 11 OUT OF 20

• AUTHORIZATION FOR PURCHASE OF TREASURY SHARES RENEWED

PIRELLI & C. SPA BOARD OF DIRECTORS MEETING HELD:

• MARCO TRONCHETTI PROVERA CONFIRMED CHAIRMAN; ALBERTO PIRELLI AND CARLO PURI NEGRI VICE CHAIRMEN