Consultative Committee

An Active and Dynamic Shareholder Consultative Committee

The Shareholders Consultative Committee Members (from left to right):

• Jacques BEGON, 69, Tence (43)
• Daniel BLANC, 40, Aix-en-Provence (13)
• Gérard RODET, 66, Gouy (76)
• Jean-Marc TENNESON, 63, Vanves (92)
• Nicole SABLONG, 66, Nice (06)
• Bernard LARGILLIER, 62, Marseille (13)
• Marc HENRY, Chief Financial Officer
• Jacques MARTIN, 58, Villefontaine (38)
• Eléonore ESCOURROU, 34, Toulouse (31) *
• Pierre ALGAYRES, 62, Limoges (87) *
• François-Xavier BERHAULT, 64, La Turballe (44)
• Patrick DRIZARD, 57, Paris (75)

Shareholders’ Consultative Committee Organization

The Shareholders’ Consultative Committee, Chaired by the Michelin’s Managing Chairman, is made up of fourteen members, twelve of whom at least are not Group employees. Each member of the Committee must be a Michelin shareholder and remain so throughout the duration of his or her term of office and undertakes to attend Committee meetings.

The term of the mandate is four years. This begins on the day of the Annual Shareholders Meeting following their appointment. The Committee is renewed each year as the terms expire.

All shareholders may apply for a position in the Shareholders’ Consultative Committee by responding to the invitation published in printed or digital format in Michelin's Letter to Shareholders posted on the Group's website, and/or, as the case may be, in a financial or estate management newspaper. The Shareholders’ Consultative Committee members are appointed by the Managing Chairman from a shortlist featuring the candidates whose profiles match a set of "representative" criteria. Appointment decisions are final and non-negotiable.

Its mission

The Shareholders’ Consultative Committee’s mission is to make an active contribution to Michelin’s communication with its individual shareholders with respect to financial and image considerations.

The views sought from the Committee may cover the following agenda:

• Committee meeting agenda,
• Contents of documentation aimed at Shareholders,
• Considerations in connection with the organization and convening of General Meetings,
• Shareholder meetings at home and/or abroad,
• Ongoing work on the style of communication with individual shareholders,
• Studies to be conducted by Michelin to better address individual shareholder expectations.

Issues discussed at recent meetings

For the past several years, the Committee has primarily worked on ways to improve our shareholder communication media, such as the Letter to Shareholders, the Shareholders’ Corner on the website, the Shareholder’s Guide, and the Michelin presentation to meetings with shareholders outside Paris. Lately, the meetings focused on the Committee’s evolving role and responsibilities, with the goal of enabling it to act as an effective interface between Michelin and its shareholders. In this way, it can express your expectations and concerns, giving us a clearer idea of how you feel about the shareholder relationship.

NEXT MEETING:

March 22, 2013