PIAGGIO PLACES FULL PAGE AD IN NEW YORK TIMES
February 21 2006.
Piaggio Group Americas today announced that it has placed a full-page ad in the February 21st edition of the New York Times. The ad, an open letter to all U.S. mayors concerning America's oil consumption, was written by Paolo Timoni, President and CEO of Piaggio Group Americas. The full text of the letter is below:

February 21, 2006
Open letter to all U.S. mayors concerned with America's oil consumption.
To attain the ambitious goal of breaking America's "addiction to oil," the President has recently focused on the need to invest in alternative fuel technologies. However, there is also a behavioral approach that could greatly reduce this nation's energy consumption, while helping to preserve our environment and reduce traffic congestion.
The use of motor scooters -- a daily behavior of millions of people across Europe and Asia -- is only marginally embraced in the United States. Everyday in this country, millions of individuals drive their cars in locations and situations where motor scooters would be perfectly appropriate and convenient. Instead, if they were to utilize one of the latest eco-friendly motor scooters available in the market today -- those compliant with the most stringent European and American regulations on gas emissions -- they would, on average, reduce their fuel consumption by 58%, their emissions of carbon monoxide by 90%, and their emissions of carbon dioxide by 80%.
With the launch of the first Vespa in 1946, our company started a movement that has substantively improved transportation in countries around the world. Consistent with the President's energy utilization goals, we believe the time has come to expand the range of transportation solutions also in the United States.
We encourage you to broaden the dialogue about energy self-sufficiency to include both technological solutions and behavioral ones, fostering acceptance of alternative transportation, such as scootering. With your support -- as well as that of other federal, state and local government leaders -- scootering would bring immediate and substantial economic and environmental benefits to Americans and the communities in which they live.
We remain at your disposal should you wish to discuss this opportunity further.
 Sincerely,
 Paolo Timoni
 President and CEO
 Piaggio Group Americas