Certification of the Consolidated Financial Statements

Certification of the Consolidated Financial Statements pursuant to Article 154 bis of Legislative Decree 58 of February 24, 1998, and pursuant to Article 81-ter of Consob Regulation no. 11971 of May 14, 1999, as amended

 

  1. The undersigned Marco Tronchetti Provera, in his capacity as Chairman of the Board of Directors and Chief Executive Officer, and Francesco Tanzi, in his capacity as Corporate Financial Reporting Manager of Pirelli & C. S.p.A. hereby certify pursuant to, inter alia, Article 154-bis, clauses 3 and 4, of Legislative Decree 58 of February 24, 1998:
    • the adequacy in relation to the characteristics of the company and
    • the effective application
    of the administrative and accounting procedures for preparation of the consolidated financial statements, during the period January 1, 2011 – December 31, 2011.
  2. In this regard it should be noted that the adequacy of the administrative and accounting procedures for preparation of the consolidated financial statements for the year ended December 31, 2011 was determined on the basis of an assessment of the internal control system. This assessment was based on a specific process defined in accordance with the criteria laid down in the “Internal Control – Integrated Framework” guidelines issued by the “Committee of Sponsoring Organizations of the Treadway Commission” (COSO), which is a reference framework generally accepted at the international level.
  3. We also certify that:

3.1 the consolidated financial statements:

  1. were prepared in accordance with the applicable international accounting standards recognised in the European Union under the terms of Regulation (EC) 1606/2002 of the European Parliament and Council, of July 19, 2002;
  2. correspond to the information in the account ledgers and books;
  3. give a true and fair view of the assets, liabilities, income, expenses and financial position of the reporting entity and of the Group of companies included in the scope of consolidation.

3.2 The report on operations includes a reliable analysis of the performance and results of operations, and of the situation of the reporting entity and of the Group of companies included in the scope of consolidation, together with a description of the principal risks and uncertainties to which they are exposed.

March 12, 2012

 

The Chairman of the Board of Directors and Chief Executive Officer

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(Marco Tronchetti Provera)

 

The Corporate Financial Reporting Manager

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(Francesco Tanzi)