AircraftThe Market

Michelin participates in all segments of the aviation industry

AircraftThe Market

Continuous growth predicted for the next 20 years

Source: Boeing – Speedneews conference 3/20/07

AircraftThe World Aircraft Tire Market in 2007

52%

23%

10%

15%Commercial

Military

General Aviation

Regional

Americas

Europe

Asia

52%17%

31%Source: Michelin estimates

By Market

By Region

Aircraft

Aircraft fitted with radial tires:

– Airbus: A320, A330-340, A380

– Boeing 737, 747, 767, 777, 787

– Mirage, F16, F18

– ATR 42/72, Embraer 190

Majority of new aircraft are fitted radial tires

Michelin is the Aircraft tire world leader in radial

The aircraft tire market:an increasing share of radial tire applications

Aircraft

Michelin has developed tires to meet the requirements of the new generation aircraft – the Airbus A380 and Boeing 787.

With its new tire manufacturing and retreading facilities on three continents (USA, Europe and Asia), Michelin offers the highest value, lowest cost of ownership, and environmental consciousness.

Commercial Aviation

Aircraft

Commercial Airline traffic

is predicted to grow 5% for 2008

Horizon 2010: highest traffic growth in emerging and large population regions

Asian platform allows Michelin to support the airline industry

Commercial Market

Growth regionsGrowth regions

Developed regionsDeveloped regions

AustraliaAustraliaWestern EuropeWestern EuropeJapanJapanNorth AmericaNorth America

ChinaChinaIndiaIndiaEastern EuropeEastern EuropeMiddle EastMiddle EastCISCISAsia*Asia*AfricaAfricaLatin AmericaLatin America

+10.8%+9.8%+9.7%+8.0%+7.4%+7.1%+7.0+6.2%

+6.6%+5.6%+4.7%+4.1%

Source: Airbus – Speedneews conference 3/20/07

Aircraft

Strong change in this market towards larger aircraft (increased seat capacity)

Leveraging the strength of its radial tire technology edge, Michelin is driving general adoption of radial technology within this segment

In 2007, Michelin introduced the first Radial tire for a regional jet: Embraer 190

Diversified product offering and reliability make Michelin the choice of this segment

Regional Market

Source: ATR – Toulouse conference Sept. 07

Aircraft

Michelin is viewed as the innovation leader, resulting in a 70% share of the Original Equipment General Aviation market

Michelin leads the market in radial tire technology with more radial tire offerings than all other manufacturers combined

General Aviation

Global breakdown of the General Aviation

market

Europe, Africa, Middle-East

13%Asia

3%

1%

South America

83%

North America

Source: Michelin estimates

Aircraft

USA is the largest market in the world

Michelin is the category manager for US Air Force and US NavyMichelin is the category manager for US Air Force and US Navy which accounts for which accounts for +60%+60% of the world wide market of the world wide market

As the technical leader, Michelin is well positioned as the primary OE supplier for European made military aircraft

Military