BREMBO : Assemblée générale annuelle

COMMUNIQUE DE PRESSE


Stezzano, le 24 avril 2009
Pour diffusion immédiate

L'assemblée générale annuelle de Brembo a adopté les résolutions suivantes :

- Approbation du Rapport Annuel 2008 et distribution d'un dividende brut de 0,225 E ;

- Redéfinition de la rémunération totale des dirigeants conformément à l'article 21 des statuts de Brembo S.p.A ;

- Reconduction du mandat et des honoraires de PricewaterhouseCoopers S.p.A. pour l'audit et la certification des comptes sociaux de Brembo S.p.A. et des comptes consolidés de 2008 ;

- Approbation pour que le plan d'incitation "Pont" 2009 s'applique au président du conseil d'administration dans le rôle administrateur.

Approval of the Annual Report and allocation of net profit

Brembo shareholders met today under the chairmanship of Alberto Bombassei at Company's offices at Stezzano (Bergamo). They approved the Annual Report as of 31 December 2008 and the distribution of a gross dividend of E 0.225 for each ordinary share outstanding at the detachment date, excluding own shares. The dividend will be payable from 7 May 2009 following the detachment of coupon no. 17 on 4 May.

The 2008 consolidated net revenues of the Brembo Group amounted to E 1,060.8 million, up 16.3% over the previous year. Net profit amounted to E 37.5 million, down 38.3%.

The Parent Company, Brembo S.p.A., reported a net profit of E 16.7 million that the shareholders resolved to allocate as follows:
- to the shareholders, a gross dividend of E 0.225 for each ordinary share outstanding at the detachment date, excluding own shares;
- the balance to reserves.

Redetermination of the total compensation of the directors

The shareholders approved a rise in the total compensation of the directors from E 1.5 million to E 1.65 million.

Extension of the mandate and related audit fees granted to PricewaterhouseCoopers S.p.A.

The shareholders approved an extension of the mandate and related audit fees granted to PricewaterhouseCoopers S.p.A. as a consequence of the growth of the Group and the acquisitions made during 2008.

A fee increase of E 38,000 was approved.

Ratification of the extension of the 2009 "Bridge" Incentive Plan to include the Chairman of the Board of Directors in his role as an executive director

The shareholders ratified application of the 2009 "Bridge" Incentive Plan to the Chairman.

The 2009 "Bridge" Incentive Plan, addressing about 40 Brembo managers and executive directors, rewards the attainment of established net profit and free operating cash flow targets.

The 2009 "Bridge" Plan was approved by Brembo's Board as a replacement for the Three-year Plan, which macroeconomic uncertainties have rendered unsuitable for use as a management incentive tool.

The 2009 "Bridge" Plan envisages a 20%-25% reduction in the potential remuneration of Top Management with respect to the total foreseen in the previous Three-year Plan that ended in 2008.

* * *

Brembo announces that Corrado Orsi, the Company's Chief Financial Officer and Investor Relations Officer, has resigned to pursue a different professional direction.

The CFO will conclude his activities with Brembo in mid-May, on approval of the quarterly report as of 31 March 2009.

The functions of CFO, Investor Relations Officer and Executive responsible for preparing the Company's financial reports will be taken over by Matteo Tiraboschi, a member of Brembo's Board of Directors, who will also retain his role as Director of Foreign Companies.

The Q1 2009 financial results will be examined by the Board of Directors on 14 May 2009.

The executive responsible for preparing the Company's financial reports, Corrado Orsi, declares pursuant to paragraph 2 of Article 154-bis of the Consolidated Finance Law that the accounting information contained in this press release agrees with the underlying accounting documentation, entries and records.

For further information:

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|        Investor Relations:        |     Media Relations:     |
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|  Tel. +39 035 605 2884            |    Tel. +39 035 605 2576 |
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|  Tel. +39 035 605 2223            |    Tel. +39 329 300 7882 |
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|  e-mail: [email protected]             |  e-mail: [email protected] |
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|                                   |                          |
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|  Internet website: www.brembo.com |                          |
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Copyright Hugin

The appendixes relating to the press release are available on:
http://www.hugingroup.com/documents_ir/PJ/CO/2009/152334_88_HMCP_AGM-24-April-2009-eng.pdf

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