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Significant events during first half of 2011

13 January 2011 Davide Scotti became Manager of Piaggio Product Development and Strategies Management, replacing Maurizio Roman who left the company.

25 January 2011 The production site at Vinh Phuc, Vietnam, was awarded ISO 14001:2004 certification (environmental certification).

27 January 2011 The new range of the Piaggio Porter commercial vehicles, with new Euro 5 petrol and diesel engines, was unveiled.

16 March 2011 The Vespa PX with a 125cc and 150cc engine and four manual gears, was launched on the market.

22 March 2011 A new company was established in Indonesia, which will directly sell the Group's vehicles, which have so far been distributed by importers.

6 April 2011 A new industrial area, situated in the province of Vinh Phuc, near Hanoi, was inaugurated, where the Group's Vietnamese site will be expanded (from the current 26,000 m2 to approximately 50,000 m2).

7 June 2011 the Chairman and CEO of the Piaggio Group, Roberto Colaninno, announced the inception of a new Research Centre at Foshan, China, that will be held 100% by the Piaggio Group and will be involved in developing new engines and new vehicles specifically designed for the needs of Asian markets. The Foshan Research Centre is part of an innovative organisational network model, that will integrate all the Research, Development and Purchasing activities undertaken by the Group at present in Europe, India and China, at a worldwide level.

17 June 2011 Production of the Piaggio MP3 reached the 100,000 mark, demonstrating the remarkable success of this revolutionary scooter model.

30 June 2011 The 125cc and 200cc versions of the Scarabeo were restyled and upgraded.