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PIRELLI & C. SPA BOARD APPROVES CONSOLIDATED RESULTS TO 31 MARCH 2021 corporate-investors HIGH VALUE STRENGTHENED, +33.3% CAR VOLUMES ≥ IMPROVED CASH FLOW COMPARED WITH FIRST QUARTER 2020 Revenues: 1,244.7 million euro, an increase of 18.4% compared with first quarter 2020 (organic variation +24.5%). High Value revenues reach 72.6% of total revenues, +3 basis points compared with the first quarter of 2020 Total volumes grew 22.2%: +33.3% Car volumes ≥ ≥ 19” (market +26%) Price/mix +2.3% in first quarter 2021 (-1.3% in the first quarter 2020) thanks to the over-performance of High Value and improved product mix Adjusted ebit: +19.6% to 168.8 million euro (141.1 million in first the quarter 2020), with a margin at 13.6% (13.4% in the first quarter 2020) The adjusted Ebit margin, in line with company expectations, discounts the impact of some costs with a seasonality concentrated in the first quarter. Profitability seen improving in the coming quarters thanks to the

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