Piaggio & C

AGM Information • Apr 19, 2016

This document has been written in Italian and translated in English. For any conflict or discrepancies between the two texts the Italian text shall prevail.

PIAGGIO & C. S.P.A.

ORDINARY SHAREHOLDERS' MEETING

HELD ON APRIL 14 TH 2016

Summary Report of the voting results on the Shareholders' Meeting agenda pursuant to articles 125-quater paragraph 2, of Legislative Decree No. 58 of February 24, 1998

1 st point on the agenda of the ordinary session

"Financial Statements of Piaggio & C. S.p.A. as of 31 December 2015; Directors' Report on Operations for 2015 and proposal to allocate profit for the period; Report of the Board of Statutory Auditors; Report of the Independent Auditors; Related and consequent resolutions; presentation of the Consolidated Financial Statements as of 31 December 2015 of the Piaggio Group and relative reports."

No.	232,885,200 equal to 64.474%
Shareholders attending	of the share capital with voting
the meeting	rights
	232,885,200, equal to 64.474%
Voting shares	of the shares attending the
	meeting
In favour	232,507,875
Against	0
Abstensions	377,325

2 nd point on the agenda of the ordinary session

"Report on remuneration, pursuant to article 123-ter of Italian Legislative Decree no. 58/1998. Relevant and consequential resolutions".

No. Shareholders attending the meeting	232,885,200 equal to 64.474% of the share capital with voting rights
Voting shares	232,885,200, equal to 64.474% of the shares attending the meeting
In favour	200,914,297
Against	31,970,903
Abstensions	0

3 rd point on the agenda of the ordinary session

"Authorisation to purchase and use treasury shares, pursuant to articles 2357 and 2357-ter of the Italian Civil Code, as well as article 132 of Legislative Decree no. 58/1998 and relative provisions for enactment, subject to withdrawal of the authorisation granted by the Ordinary General Meeting of Shareholders of 13 April 2015, for the portion not executed. Relevant and consequential resolutions."

No. Shareholders attending the meeting	232,885,200 equal to 64.474% of the share capital with voting rights
Voting shares	232,885,200, equal to 64.474% of the shares attending the meeting
In favour	188,335,258
Against	44,172,617
Abstensions	377,325