Press Release

Issued by Baykar Piaggio Aerospace.

October 18, 2010

The finest of Made in Italy will be present at the National Business Aviation Association Convention and Exhibition - which will take place in Atlanta on October 19 -21 - thank to the joint participation of the industry leaders in the Luxury Yacht and Business Aviation markets: Piaggio Aero and Cantieri Benetti, an Azimut-Benetti Brand.

The desire to better satisfy their selective customers suggested to both Mr. Piero Ferrari, Chairman of Piaggio Aero and Vice ChaIrman of Ferrari S,p.A., Mr Paolo Vitelli, Chairman of Azimut - Benetti, the idea of creating a partnership between the 2 primary Italian Brands. In addition to the shared marketing and communications activities the 2 companies will dedicate exclusive opportunities reserved to their customer base.

Piaggio Aero and Benetti share the same roots in the great tradition of Italian Industry, a long a successful history starting at the end of the XVII Century, and the passion that Italian manufacturers have for their prestigious products. Joint values distinguish Cantieri Benetti as well as Piaggio Aero as very authoritative ambassadors of Made in Italy superior quality around the World

Benetti will be with Piaggio Aero at NBAA to present to the international Aviation community its Luxury Yacht showing a model of the new Benetti Class Range, Vision 145' Motor Yacht at Piaggio Aero booth # 2750

Piaggio Aero and Benetti share the same roots in the great tradition of Italian Industry, a long and successful history starting at the end of the XVII Century, and the passion that Italian manufacturers have for their prestigious products. Joint values distinguish Benetti as well as Piaggio Aero as very authoritative ambassadors of Made in Italy superior quality around the World.