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 31 July 2008
First Half 2008 results

Meeting of the Board of Directors

Net Sales € 900.3 MLN (€ 968.6 MLN IN 1H ‘07)
Rise in operating margins
EBITDA € 128.2 MLN (€ 145.9 MLN in 1H ’07)
Net Profit € 47.3 MLN (€ 51.5 MLN in 1H ’07)
Piaggio & C. S.P.A.: Net Profit € 41.3 MLN
Approval of plan for Moto Guzzi merger with Piaggio

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