SOURCE: BREMBO

April 27, 2007 13:13 ET

BREMBO Shareholders' Meeting met today at Company Headquarters

CURNO, ITALY -- (MARKET WIRE) -- April 27, 2007 -- Brembo Shareholders' Meeting met today at Company Headquarters and resolved on:

- Approval of 2006 Annual Report and gross dividend of EUR 0.24 (+14.3%);

- Authorization to buy and sell own shares;

- Extension of PricewaterhouseCoopers appointment as independent auditors until 2012, according to law 262/2005;

- Extraordinary meeting: adoption of a new Articles of Association updated with the provisions required by law 262/2005.

Annual Report and profit allocation

Brembo Shareholders met today at the company headquarters, chaired by Alberto Bombassei and approved the Annual Report as of 31 December 2006 and the distribution of a gross dividend of EUR 0.24 (+14.3%) per each outstanding share. Dividend will be paid starting from 10 May 2007, by using coupon no. 15, on 7 May.

Net consolidated revenues for 2006 amount to EUR 806.0 million, up 13.3% over previous year. Net profit is EUR 42.9 million, up 6.0%.

The Parent Company Brembo S.p.A. net profit is EUR 20.2 million and the Shareholders resolved on the following allocation:

- to the extraordinary reserve EUR 3.1 million;

- to non-distributable reserve pursuant to art. 6 c. 2 of Law.38/2005 EUR 1.1 million;

- to the Shareholders a dividend of EUR 0.24 per each outstanding share, for a total amount of 16.0 million.

Buy-back program

The Shareholders resolved to renew the buyback plan which allows the Board of Directors to buy and sell during the next 18 months, up to 1.44 million shares, at a price not lower than EUR 0.52 and not higher than EUR 15.00, for the following reasons:

a) Use of own shares for potential acquisitions and/or commercial agreements with strategic partners as part of the expansion strategy of the Group;

b) Stabilization of the share price in case of lack of liquidity on the stock market;

c) Carrying out a possible stock-option plan in favour of top management.

Up to now the Company does not have any own share.

Extension of PricewaterhouseCoopers S.p.A. appointment as independent auditors until 2012, according to law 262/2005 (Saving Law);

According to the provisions of Law 262/2005 the Shareholders approved the proposal of the Board of Directors to extend PricewaterhouseCoopers S.p.A. appointment as independent auditors of the annual report until 2012, for a total mandate of nine years.

Extraordinary meeting: adoption of a new Articles of Association updated with the provisions required by law 262/2005

In extraordinary meeting the Shareholders resolved to adopt a new Articles of Associations updated in accordance with the provisions required by Law 262/2005 concerning the appointment and composition of the Board of Directors and Statutory Auditors and the appointment of a manager responsible of establishing and maintaining an adequate internal control structure and procedures for financial reporting.

Board of Directors

The Board of Directors met at the end of the Shareholders' Meeting and appointed the Group C.F.O. - Corrado Orsi - as manager responsible of establishing and maintaining an adequate internal control structure and procedures for financial reporting, with attribution of relevant powers according to art. 27-bis of Articles of Association.

The financial results for the first quarter 2007 will be examined and approved by the Board of Director on coming 14 May.

For further information:

Investor Relations

Orsi Corrado

Tel. +39 035 605 884

Fax +39 035 605 518

Roberto Vavassori

Tel. +39 035 605 223

e-mail: ir@brembo.it

Media Relations:

Gianfranco De Marchi

Tel. +39 035 605 708

Fax +39 035 605 273

e-mail: press@brembo.it

Internet website: www.brembo.com

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