CHANGES OCCURRING AFTER YEAR-END

* ISIN Code IT0000072725 ** ISIN Code IT0000072733

Note: The information relating to shareholders that directly or indirectly own ordinary shares corresponding to more than 2% of the share capital with voting rights at the ordinary Shareholders’ Meetings of the Companies is taken from the Consob Internet website. In this regard, it is deemed helpful to indicate that the information published by Consob on its website, based on the communications made by the parties bound by the obligations set out under Article 120 of the Unified Finance Law (TUF) and the Issuers’ Regulations, could differ significantly from the real situation, since the obligations to report changes in the percentage shareholding held do not arise with the simple variation of this percentage but only when “exceeding” or “falling below” given thresholds (2%, 5%, and subsequent multiples of 5% up to the 50% threshold and, beyond this threshold 66.6%, 75%, 90% and 95%). It follows, for example, that a shareholder (i.e. declarant party) that has declared that it owns 2.6% of the share capital with voting rights may increase its shareholding up to 4.9% without the party concerned being under an obligation to notify Consob, pursuant to Article 120 of the Unified Finance Law (TUF).

LEGEND List: Major./Minor. depending on whether the Director was elected from the list voted by the majority, or by a majority Exec.: if crossed, this indicates that the Board Member can be qualified as executive Non exec.: if crossed, this indicates that the Board Member can be qualified as non-executive Indep.: if crossed, this indicates that the Board Member can be qualified as independent, in accordance with the criteria established by the Self-Regulatory Code. Indep. UFL: if crossed, this indicates that the Director satisfies the independence requirements established under Article 148, paragraph 3 of the Unified Finance Law (UFL). % BoD: this indicates the presence, in percentage terms, of the Board Member at the Board of Directors’ meetings. The percentage is calculated on the basis of the Board Member’s presence at the meetings after the Board was renewed by the Shareholders’ Meeting in the session held on April 21, 2011. The percentage presence referred to the Board Members indicated in the table and also in office in the prior mandate is illustrated below and takes into account all the Board of Directors’ meetings during the 2011 financial year: Marco Tronchetti Provera (100%); Vittorio Malacalza (86%); Alberto Pirelli (100%); Carlo Acutis (86%); Gilberto Benetton (71%); Alberto Bombassei (71%); Franco Bruni (100%); Luigi Campiglio (100%); Giulia Maria Ligresti (86%); Massimo Moratti (57%); Renato Pagliaro (100%); Giovanni Perissinotto (43%); Luigi Roth (100%); Carlo Secchi (100%). *The Board Member was appointed as a Company Director on March 1, 2012, pursuant to Article 2386 of the Italian Civil Code.

LEGEND The reader is referred to the legend of the two preceding tables. The calculation of the percentage attendance at the Board of Directors’ meetings takes into account the meetings which the Director attended before discontinuing holding office compared to the number of meetings held during the financial year until the date the Director discontinued holding office. * Board Members that discontinued holding office after completing their mandate with the Shareholders’ Meeting convened to approve the Financial Statements as of 31 December 2001. ** The Board Member, Mr. Cucchiani resigned from office on 16/12/2011 due to other positions accepted in other companies. Accordingly, the Board Member, Mr. Cucchiani also held office in the previous mandate (which expired with the approval of annual Financial Statements closed as of 31 December 2011 by the Shareholders’ Meeting held on April 21, 2011. The percentage attendance of the Board Member, Mr. Cucchiani corresponded to 29%, by taking into account all the Board of Directors meetings held in the 2011 financial year (therefore, also before the Board of Directors was renewed). ***The Board Member, Mr. Profumo resigned from office following his appointment as a Minister of the Italian Republic.

LEGEND List: Major./Minor. depending on whether the auditor was elected from the list voted by the majority, or by a minority (Article 144-decies of the Issuers’ Regulations). Exec.: if crossed, this indicates that the Board Member can be qualified as executive Non-exec.: if crossed, this indicates that the Board Member can be qualified as non-executive Indep.: if crossed, this means that the auditor can be qualified as independent, in accordance with the criteria established by the Self-Regulatory Code, clarifying at the bottom of the table whether these criteria were supplemented or changed. %. Committee: indicates the presence, in percentage terms, of the Board Member at the committee meetings to which the table refers. The percentage is calculated on the basis of the Board Member’s presence at the meetings after the Board was renewed by the Shareholders’ Meeting in the session held on April 21. 2011. The percentage presence referred to the Board Members indicated in the table and forming part of the Committee to which the table refers also in the previous mandate is illustrated below, and therefore, takes take into account all the meetings of the cited Committee held during the 2011 financial year: Franco Bruni (90%); Luigi Roth (90%); Carlo Secchi (100%).

LEGENDA List: Major./Minor. depending on whether the auditor was elected from the list voted by the majority, or by a minority (Article 144-decies of the Issuers’ Regulations). Exec.: if crossed, this indicates that the Board Member can be qualified as executive Non-exec.: if crossed, this indicates that the Board Member can be qualified as non-executive Indep.: if crossed, this means that the auditor can be qualified as independent, in accordance with the criteria established by the Self-Regulatory Code, clarifying at the bottom of the table whether these criteria were supplemented or changed. %. Committee: indicates the presence, in percentage terms, of the Board Member at the respective committee. The Remuneration Committee was completely renewed on April 21, 2011, following the renewal of the Board of Directors.

LEGEND List: Major./Minor. depending on whether the auditor was elected from the list voted by the majority, or by a minority (Article 144-decies of the Issuers’ Regulations). Exec.: if crossed, this indicates that the Board Member can be qualified as executive Non-exec.: if crossed, this indicates that the Board Member can be qualified as non-executive Indep.: if crossed, this means that the auditor can be qualified as independent, in accordance with the criteria established by the Self-Regulatory Code, clarifying at the bottom of the table whether these criteria were supplemented or changed. %. Committee: indicates the presence, in percentage terms, of the Board Member at the respective committee. The Committee to which the table refers was established by the Board of Directors for the first time on April 21, 2011.

LEGEND List: Major./Minor. depending on whether the auditor was elected from the list voted by the majority, or by a minority (Article 144-decies of the Issuers’ Regulations). Exec.: if crossed, this indicates that the Board Member can be qualified as executive Non-exec.: if crossed, this indicates that the Board Member can be qualified as non-executive Indep.: if crossed, this means that the auditor can be qualified as independent, in accordance with the criteria established by the Self-Regulatory Code, clarifying at the bottom of the table whether these criteria were supplemented or changed. %. Committee: indicates the presence, in percentage terms, of the Board Member at the respective committee. The Committee to which the table refers was established by the Board of Directors for the first time on April 21, 2011.

LEGEND The reader is referred to the legend of the two preceding tables. * The calculation of the percentage attendance in the meetings has taken into account the meetings which the Director attended before discontinuing holding office compared to the number of meetings held during the financial year until the date the Director discontinued holding office.

LEGEND Office: indicates whether Chairman, Statutory Auditor, or Alternate Auditor. List: Major./Minor. depending on whether the auditor was elected from the list voted by the majority, or by a minority (Article 144-decies of the Issuers’ Regulations). Indep.: if crossed, this means that the auditor can be qualified as independent, in accordance with the criteria established by the Self-Regulatory Code, clarifying at the bottom of the table whether these criteria were supplemented or changed. % attendance in S.C.: indicates the presence, in percentage terms, of the auditor in the meetings of the Board of Statutory Auditors. % attendance in BoD: indicates the presence, in percentage terms, of the auditor in the meetings of the Board of Directors. % attendance in CICRCG: indicates the presence, in percentage terms, of the auditor in the meetings of the Committee for Internal Control, Risks and Corporate Governance. % Appointments C.: indicates the presence, in percentage terms, of the auditor in the meetings of the Appointments and Succession Committee. % R.C.: indicates the presence, in percentage terms, of the auditor in the meetings of the Remuneration Committee. It is important to remember that the Chairman of the Board of Statutory Auditors is invited to participate in the activities of the Appointments and Succession Committee and the foregoing Chairman may also be invited to participate in the activities of the Strategies Committee. In this regard, it is important to observe that the Chairman of the Board of Statutory Auditors also attended all the meetings of the Strategies Committee which he was invited to attend.