Pirelli & C.: updates to information document on stock option plans

Milan, 3 April 2008 – Attached is the Information Document, in Italian, relating to the stock
option plans of Pirelli & C. SpA, called "Pirelli to People" and "Group Senior Executive",
launched in 2001.

The Document, drafted according to Article 84-bis of the issuers' regulations approved by
Consob and previously published on 17 September 2007, contains updates to the exercise
price consequent to the share capital reduction concluded on 31 March 2008.

In particular, following distribution of capital in the amount of 0.154 euros per share (the socalled
"extraordinary dividend"), which occurred today, the exercise price of the stock options
changes from 1.150 euros to 0.996 euros.