Compagnie Générale des Etablissements Michelin

Capital/Financing Update • Jul 8, 2011

NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA

This information may not be published, distributed or transmitted into the United States of America and no offer to purchase or to sell securities may be accepted in the United States of America or from the United States of America. This information does not constitute an offer to purchase securities in the United States of America or an invitation to sell securities in the United States of America or in any jurisdiction in which such procedure or invitation would be unlawful.

INFORMATION

Compagnie Générale des Etablissements Michelin: 6.375% per cent. lowest ranking subordinated notes due 2033 (07.08.2011 2:00pm CET)

Notes in circulation

Compagnie Générale des Etablissements Michelin announced that the issued number of its lowest ranking subordinated notes (titres subordonnés remboursables de dernier rang), due 3 December 2033, for an aggregate nominal amount of 500 000 000 euros admitted to trading on the regulated market of NYSE Euronext Paris under ISIN FR0010034298 is 171'586 on 30 June 2011. On the same date, Compagnie Générale des Etablissements Michelin does not hold any of these notes in treasury.