Pirelli signs commited revolving credit facility

Milan, 23 December 2003 - Pirelli & C. today signed a contract for a 5-years committed revolving credit facility, for an amount of 1 billion Euros, with primary international banks.

Banks which jointly made available this amount are: Barclays Capital, BNP Paribas, HSBC Bank plc, J.P. Morgan plc and The Royal Bank of Scotland plc.

Thanks to this operation, Pirelli & C. will further strengthen its financial structure, making it also more flexible.

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