Financial information at september 30, 2010

Continued growth across all tire markets, at a faster pace than expected at the start of the year.

Unit sales up 13.8% for the period, in line with the full-year target, sustained by robust performances across all operating segments.

0.5% improvement in the price mix, reflecting the positive impact of price rises implemented since the start of the year, which more than offset the effect of the negative OE/RT mix.

Based on this performance, Michelin confidently reaffirms its objectives for 2010:

• Around 12% growth in unit sales.

• Ongoing responsive pricing to offset the expected rise in raw materials costs (which is likely to drive up expenses for the year by €600 million to €650 million).

• Close to 9% operating margin before non-recurring items.

• Positive free cash flow for the year.