Ducati Motor Increases Stake in Technical Accessory Company Gio.Ca.Moto to 99.9%

23.11.1999, 12:34

BOLOGNA, Italy (PROTEXT) - Ducati Motor Holding S.p.A., aleading manufacturer of high performance motorcycles, announcedtoday that it has increased its stake in technical accessoriesand apparel company Gio.Ca.Moto International s.r.l. to 99.9%from 50% for ITL 1.75 billion (US$937,649). This transaction, which was approved by Ducati's Board ofDirectors on November 18 and will be completed in January 2000,will allow Ducati to further capitalize on its fast-growingDucatiPerformance accessory business. "We are excited about expanding our stake in Gio.Ca.Moto whichfurther underscores our increasing commitment to Ducati'saccessory business," said Carlo Di Biagio, Ducati ChiefFinancial Officer. "This represents a strategic step in ourdevelopment of the World of Ducati, and we look forward toseeing the fruits of the transaction in the near future." During the meeting, Ducati's Board of Directors also approvedthe budget for year 2000 that reaffirms the Company's statedsustained growth goals in terms of sales of motorcycles, spareparts and accessories and apparel. Ducati Motor Holding will also adopt all the necessarymeasures to fully comply with Borsa Italiana S.p.A.'s recentlyestablished Code of Conduct. While compliance is voluntary, theBoard of Ducati maintains that this is a necessary step forupholding business ethics and transparent behavior. Ducati MotorHolding already meets a large majority of the requirements todate, and the Board, on November 18, approved taking thenecessary steps to meet the remaining Code of Conductrequirements. Founded in 1926, Ducati builds racing-inspired motorcyclescharacterized by unique engine features, innovative design,advanced engineering and overall technical excellence. Ducati haswon eight of the last ten World Superbike Championship titles andmore individual victories than the competition put together. TheCompany produces motorcycles in four market segments which varyin their technical and design features and intended customers:Superbike, Supersport, Monster and SportTouring. The company'smotorcycles are sold in more than 40 countries worldwide, with aprimary focus in the Western European and North American markets.For more information about the Company, please visit our web siteat http://www.Ducati.com. This press release contains statements that are forward-looking and are subject to a number of risks and uncertaintiestha could cause actual results to differ materially from thoseanticipated, as described in the Company's prospectus dated March23, 1999. ots Original Text Service: Ducati Motor Holding S.p.A.Internet: http://www.newsaktuell.de Contact: Investors - LynnMorgen, Carolyn Capaccio, Michele Loguidice 212-850-5600, Jean-Francois Carminati, Catherine Juillard, 33-1-47-03-6810, Media -Stacy Berns, Stacy Roth, 212-850-5600, or Madeleine Resener, 33-1-47-03-6810, all of Morgen-Walke, for Ducati Motor HoldingS.p.A.; Jason M. Jacobs of Ducati Motor Holding S.p.A., 39-051-6413-222 Web site: http://www.ducati.com

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