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MICHELIN - 2008 ANNUAL REPORT

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The Michelin Share<br />

Michelin Share Performance from 2004 to <strong>2008</strong><br />

(To December 31, <strong>2008</strong>; base 100: December 31, 2003)<br />

The Michelin Share is listed<br />

on Euronext Paris<br />

• Compartment A<br />

• Deferred Settlement Market<br />

• ISIN Code: FR 0000121261<br />

• Par value: 2 €<br />

• Transaction unit: 1<br />

Market Capitalization<br />

• EUR 5.45 bn as at December 31,<br />

<strong>2008</strong><br />

Average daily trading volume<br />

• 1,740,267 in <strong>2008</strong><br />

Indices<br />

• CAC 40: 0.79% of the index<br />

as at December 31, <strong>2008</strong><br />

• Euronext 100: 0.44% of the<br />

index as at December 31, <strong>2008</strong><br />

SRI indices<br />

• DJSI (Dow Jones Sustainability<br />

Index)<br />

DJSI Stoxx for Europe<br />

DJSI World<br />

• ESI (Ethibel Sustainability Index)<br />

• ASPI (Advanced Sustainability<br />

Performance Index)<br />

300<br />

250<br />

200<br />

150<br />

<strong>MICHELIN</strong><br />

CAC 40<br />

MONTHLY<br />

VOLUMES TRADED<br />

100<br />

50<br />

2004 2005 2006 2007 <strong>2008</strong><br />

A dynamic committee<br />

The Consultative Committee (CCA) contributes to enhancing<br />

communication between Michelin and its Individual Shareholders<br />

through its advice and recommendations. This is illustrated by<br />

the new design of the Letter to Michelin’s Shareholders and<br />

of the revamping of the corporate site’s Shareholder section,<br />

to make it easier to locate practical information.<br />

With one third of its members renewed yearly, the CCA is made up<br />

of 12 members, each with a three-year term. Four new members<br />

were welcomed in <strong>2008</strong>.<br />

60,000,000<br />

50,000,000<br />

40,000,000<br />

30,000,000<br />

20,000,000<br />

10,000,000<br />

0<br />

2004 2005 2006 2007 <strong>2008</strong><br />

38 <strong>2008</strong> Michelin Annual Report

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