• In August of 2016, Michelin announced the acquisition of 100% of Levorin’s capital stock

– Founded in 1943, Levorin is a leading manufacturer of tires and inner tubes for motorcycles and bicycles in Brazil

• The acquisition has two strategic objectives for Michelin: to consolidate its presence in Brazil and strengthen the global development of its 2-wheel tire offering

– With the transaction, Michelin will strengthen its position in the expanding commuter segment, complementing the range of tires it already offers in the high-end 2-wheel leisure market

• Levorin has approximately 2.000 employees and operates two industrial facilities located in Guarulhos/SP and Manaus/AM

• Michelin is one of the world’s largest tire manufacturers with global revenue totaling US$23.5 billion in 2015. Currently, Michelin operates five industrial plants in Brazil manufacturing tires for passenger cars, light and heavy trucks, motorcycles and agricultural machineries