MICHELIN - 2008 ANNUAL REPORT

Additional Information regarding the Issuer’s Capital
Table of change in capital
Year Nature of operations Change in capital Capital after the operation
Number
of shares
Nominal ( €) Premium ( €) Amount ( €) Cumulated number
of shares
As at December 31, 2004 286,774,050 143,387,025
2005 Capital increase resulting from exercise of share subscription options 600 1,200 26,400 286,775,250 143,387,625
2006 Capital increase resulting from exercise of share subscription options 264,693 529,386 10,901,156 287,304,636 143,652,318
2007 Capital increase resulting from exercise of share subscription options 346,830 693,660 6,032,866 287,998,296 143,999,148
Capital increase resulting from conversion of “OCEANE“ convertible bonds 21 42 2,138 287,998,338 143,999,169
2008 Capital increase resulting from conversion of “OCEANE“ convertible bonds 0 0 0 287,998,338 143,999,169
Capital increase reserved to Group employees 952,733 1,905,466 46,683,917 289,903,804 144,951,902
Capital increase resulting from exercise of share subscription options 45,520 91,040 1,562,777 289,994,844 144,997,422
Statement of current mandates and authorizations
GRANTED BY THE JOINT SHAREHOLDERS MEETING OF MAY 12, 2006
Issues reserved to employees
Operations / Securities concerned Resolution N o Term
of authorization (expiry)
Comments
Used in the financial
year
Capital increase (ordinary shares) 16 th 26 months (July 2008) capped at 2% of current issued capital
EUR 1,905,466 capital increase (1)
Stock options (share subscription and/
capped at 2% of current issued capital
17
or purchase options)
th 38 months (July 2009)
(Call price set at face value) EUR 91,040 capital increase (2)
(1) See information on the 2008 Group’s Employee Shareholder Plan in the previous table and on page 190 to 192.
(2) Please refer to the previous table and to the table on page 189.
Additional Information Consolidated Financial Statements The Managing Partners’ Report Michelin at a Glance
Other Information
185