PIAGGIO & C. S.P.A. ANNOUNCES FINAL RESULTS AND PRICING WITH REGARD TO ITS EXCHANGE OFFER

Milan,18 April2018–Piaggio & C. S.p.A. (the Issuer) hereby announces the final results and pricing of its invitation launched on 9 April 2018 to holders of its outstanding €250,000,000 4.625% Senior Notes due 2021 (ISIN: XS1061086846) (the Existing Notes) to offer any and all of their Existing Notes for Euro-denominated Senior Notes due 2025 (the New Notes) to be issued by the Issuer (the Exchange Offer).

The Exchange Offer was made on the terms and subject to the conditions contained in the Exchange Offer Memorandum dated 9 April 2018 (the Exchange Offer Memorandum), including the offer and distribution restrictions contained therein. This announcement should be read in conjunction with the Exchange Offer Memorandum, the Minimum New Issue Coupon announcement dated 16 April 2018 and the indicative results announcement dated 18 April 2018. Capitalized terms used but not otherwise defined in this announcement shall have the meaning given to them in the Exchange Offer Memorandum.

The Issuer hereby announces that it has determined to accept valid offers of Existing Notes for exchange pursuant to the Exchange Offer. The table below sets out (i) the Exchange Offer Acceptance Amount and (ii) the final aggregate nominal amount of New Notes to be issued.

Of the New Notes to be issued, the Issuer hereby announces that it will issue an aggregate principal amount of €168,497,000 Additional New Notes. The Additional New Notes will be issued on identical terms (including as to admission to trading on the Luxembourg Stock Exchange Euro MTF market), and form part of the same series, as the other New Notes. The table below sets out the principal characteristics of the New Notes, including the final maturity date of the New Notes and the New Issue Coupon.

The expected Settlement Date for the Exchange Offer is 30 April 2018.