1. www.manulirubber.com 1 Automotive Business Group www.manulirubber.com

2. 2 Automotive Business Group - Product range PRODUCT RANGE Air conditioning Power steering Active suspensions Oil cooling AUTOMOTIVE APPLICATIONS HOSE FITTING ASSEMBLY The Automotive Business Group is active in the design, production and sale of reinforced rubber and composite hoses, metal fittings, hose assemblies and other components for conveying fluids in automotive applications

3. www.manulirubber.com 3 100 % = 88.4 Euro/mio. Power steering 12.8% Air conditioning 75.4% 100 % = 168.6 Euro/mio. Air conditioning 77.5% Other 5.1% Power steering 12.2% Other 8.8% 1H 20032002 Automotive Business Group - Sales breakdown by applications Receiver Dryer 5.2%Receiver Dryer 3.0%

4. www.manulirubber.com 4 Automotive Business Group - Sales breakdown by geographic area 100 % = 88.4 Euro/mio. 100 % = 168.6 Euro/mio. 1H 20032002 France 29.5% Italy 7.1% South America 3.5% Germany 18.1% Spain 14.9% Rest of Europe 25.3% France 28.7% Italy 8.4% South America 2.5% Germany 18.0% Spain 12.5% Rest of Europe 27.6% Rest of the world 2.3% Rest of the world 1.6%

5. www.manulirubber.com 5 Automotive Business Group - Sales evolution per customer 100 % = 88.4 Euro/mio. 100 % = 168.6 Euro/mio. Others 23.1% Ford-Volvo (VCC) 5.8% BMW 9.5% PSA Group 28.6% Renault-Nissan 21.9% Fiat 4.5% VW Group 5.8% GM-SAAB Group 1.8% Ford-Volvo (VCC) 6.0% BMW 10.7% PSA Group 33.6% Renault-Nissan 16.1% Fiat 7.4% VW Group 4.6% GM-SAAB 2.9% Others 18.7% 1H 20032002

6. www.manulirubber.com 6 Manuli Automotive (Milan - Italy) Manuli Auto Polska (Tychy - Poland) Manuli Auto France (Chartres - France) PRODUCTION OF FITTINGS and HOSE ASSEMBLIES Manuli Auto Iberica (Santander - Spain) Manuli Automotive (Ascoli P. - Italy) PRODUCTION OF FLEXIBLE HOSES PRODUCTION OF HOSE ASSEMBLIES Automotive Business Group - Production facilities 6 production facilities, 5 in Europe and 1 in South America: 1 manufactures flexible hoses for automotive applications, 4 manufacture metal fittings and hose assemblies, 1 dedicated solely to the production of hose assemblies Manuli Auto do Brasil (San Josè dos Pinhais- Brasil)

7. www.manulirubber.com 7 Automotive Business Group - R&D capacity  The R&D activity takes place in 2 centres located in Ascoli Piceno and Chartres  In the R&D and Technical departments more than 40 people are employed  The Automotive Business Group has an extensive capacity in performing in-house vehicle, system and component testing with state of the art equipment as well as on-vehicle testing for performance optimization  30 years of experience

8. www.manulirubber.com 8 Automotive Business Group - Quality ISO TS16949 ISO 9002-EAQF Ascoli P. (Italy) Milan (Italy) Santander (Spain) Tychy (Poland) Chartres (France) San Josè dos Pinhais (Brazil) PLANTSCERTIFICATIONS

9. www.manulirubber.com 9 Automotive Business Group - Market trends  In the upcoming years the ratio of cars manufactured in the EU equipped with air conditioning systems will eventually reach 100% Source : DRI - Standard & Poor’s revised according to market trend Total cars manufacted in EU Air conditioned cars  Car manufacturers continue to expand production in emerging markets such as South America, East Europe and the Far East  Continuous competitive pressures 56% 72% 87% (*) 81% 49% 61% (*) estimate 85%

10. www.manulirubber.com 10 Automotive Business Group - Strategy Investing to maintain and develop MRI’s leading market position in the air conditioning segment with a special focus on the German market De-localising productions in geographic areas with a low labour cost such as Poland and Brazil Anticipating market needs through product and process innovation AUTOMOTIVE