Pirelli Tyre: mandate to BNP Paribas and Banca MPS for 500 million euro line of credit

PIRELLI TYRE: MANDATE TO BNP PARIBAS AND BANCA MPS FOR 500 MILLION EURO SYNDICATED LINE OF CREDIT

The transaction will allow the Company to improve its financial structure and increase flexibility

Milan, 8 January 2007 - Pirelli Tyre SpA gave a mandate to BNP Paribas and Banca Monte dei Paschi di Siena to arrange, as mandated lead arrangers, for a five-year multi-currency revolving line of credit to be underwritten, for a value of 500 million euros.
The transaction has the objective of allowing Pirelli Tyre to improve its financial structure, at the same time increasing its flexibility.