Aircraft The Market Michelin participates in all segments of the aviation industry

Aircraft The Market Continuous growth predicted for the next 20 years Source: Boeing – Speedneews conference 3/20/07

Aircraft The World Aircraft Tire Market in % 23% 10% 15% Commercial Military General Aviation Regional Americas Europe Asia 52% 17% 31% Source: Michelin estimates By Market By Region

Aircraft Aircraft fitted with radial tires: –Airbus: A320, A , A380 –Boeing 737, 747, 767, 777, 787 –Mirage, F16, F18 –ATR 42/72, Embraer 190 Majority of new aircraft are fitted radial tires Michelin is the Aircraft tire world leader in radial The aircraft tire market: an increasing share of radial tire applications

Aircraft Michelin has developed tires to meet the requirements of the new generation aircraft – the Airbus A380 and Boeing 787. With its new tire manufacturing and retreading facilities on three continents (USA, Europe and Asia), Michelin offers the highest value, lowest cost of ownership, and environmental consciousness. Commercial Aviation

Aircraft Commercial Airline traffic is predicted to grow 5% for 2008 Horizon 2010: highest traffic growth in emerging and large population regions Asian platform allows Michelin to support the airline industry Commercial Market Growth regions Developed regions Australia Western Europe Japan North America ChinaIndia Eastern Europe Middle East CISAsia*Africa Latin America +10.8% +9.8% +9.7% +8.0% +7.4% +7.1% % +6.6% +5.6% +4.7% +4.1% Source: Airbus – Speedneews conference 3/20/07

Aircraft Strong change in this market towards larger aircraft (increased seat capacity) Leveraging the strength of its radial tire technology edge, Michelin is driving general adoption of radial technology within this segment In 2007, Michelin introduced the first Radial tire for a regional jet: Embraer 190 Diversified product offering and reliability make Michelin the choice of this segment Regional Market Source: ATR – Toulouse conference Sept. 07

Aircraft Michelin is viewed as the innovation leader, resulting in a 70% share of the Original Equipment General Aviation market Michelin leads the market in radial tire technology with more radial tire offerings than all other manufacturers combined General Aviation Global breakdown of the General Aviation market Europe, Africa, Middle-East 13% Asia 3% 1% South America 83% North America Source: Michelin estimates

Aircraft USA is the largest market in the world Michelin is the category manager for US Air Force and US Navy which accounts for +60% of the world wide market As the technical leader, Michelin is well positioned as the primary OE supplier for European made military aircraft Military