Loans and contributions received from the Public Administration in 2011

In March 2011 and July 2011, the European Investment Bank (EIB) granted Pirelli Tyre S.p.A. euro 20 million, under a new loan agreement totalling euro 50 million made in support of the investment of euro 250 million for expansion of the Pirelli plant at Slatina in Romania, dedicated to the production of car and light commercial vehicle tyres. The new loan complements a similar loan made in 2007 to support establishment of the same production plant.

In April 2011 Pirelli Tyre S.p.A. was granted euro 631 thousand by the Region of Piedmont in R&D contributions for Cyber Tyre, Next Mirs and PTSM.

In 2011 the Romanian subsidiary, S.C. Pirelli Tyres Romania S.r.l., received euro 8.3 million from the Romanian government as incentives for local investment.

Finally, in February 2011, Pirelli Neumaticos S.A. de C.V. received euro 2.7 million in grants from the Guanajuato State Government in Mexico for investments to generate employment.