MAIL SERVICE 2 Wheeler Domestic Europe, Emerging Markets & Importers

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MAIL SERVICE 2 Wheeler Domestic Europe, Emerging Markets & Importers Pontedera, April 2017

1. THE PIAGGIO GROUP

THE PIAGGIO GROUP The Piaggio Group is the largest European manufacturer of two-wheel motor vehicles and one of the world leaders in its sector. The Group is also a major international player on the commercial vehicle market. Established in 1884 by Rinaldo Piaggio, since 2003 the Piaggio Group has been controlled by Immsi S.p.A., an industrial holding listed on the Italian stock exchange and headed by Chairman Roberto Colaninno. Immsi s Chief Executive Officer and MD is Michele Colaninno. Roberto Colaninno is the Chairman and Chief Executive Officer of the Piaggio Group, Matteo Colaninno is Deputy Chairman. The Piaggio Group has been listed on the Italian stock exchange since 2006. The Piaggio Group product range includes scooters, motorcycles and mopeds from 50 to 1,400 cc marketed under the Piaggio, Vespa, Gilera, Aprilia, Moto Guzzi, Derbi and Scarabeo brands. The Group also operates in the three- and four-wheel light transport sector with its Ape, Porter and Quargo (Ape Truck) ranges of commercial vehicles. 3.

THE PIAGGIO GROUP In fiscal year 2016 the Piaggio Group reported consolidated net sales of 1,313.1 million euro and Ebitda of 170,7 million euro. In 2016 the Piaggio Group sold a total of 532.000 vehicles worldwide. Aprilia, with 54 world titles, is the crowned jewel of the Piaggio Group's trophy case, filled with 104 world titles won by the Aprilia, Gilera, Moto Guzzi and Derbi brands. 4.

2. MAIL SERVICE

PRODUCT MISSION PIAGGIO GROUP projected a specific 2W product line with the mission to : Increase the delivery service in terms of quality and quantity thanks to its specific accessories Increase last mile delivery service in the traffic jam versus 4 wheelers vehicles, thanks to its agility and slim attitude Guarantee a safe drivability thanks to high wheels and its seat height Respect the environment and consumption thanks to its new engines 100% ELECTRIC, EURO 2 (thermic 50cc 2/4 strokes) and EURO 3 (thermic 125cc 4 strokes) 6.

A WINNING SOLUTION That PIAGGIO GROUP family is designed with: A reinforced frame that guarantees a tough daily use Stronger rear and front suspensions Tough rear and front rack Comfortable single seat Ergonomic driving Lateral stand Flat footstep Flexibility in personalization (i.e company color, stickers, etc ) Spare parte availabilty Easy solution to be assisted by our service network covering the whole EU and most of the Main markets in Africa and Middle-East 7.

3. PRODUCT SPECIFICATIONS

PRODUCT SPECIFICATIONS The PIAGGIO LIBERTY 50cc 2s or 4s: Engine Single cylinder HiPer 2 (2s) or HiPer 4 (4s 2 v) Displacement 49,9 cc Maximum power 3,4 Kw or 2,6 Kw at 7.000 rpm Max torque 4,7 or 3,7 Nm at 6.750 rpm Cooling Forced air Starter Electric and kick starter Front suspension Hydraulic telescopic fork Rear suspension Single hydraulic shock absorber Front brake Disc Ø 220 mm with hydraulic control Rear brake Drum Ø 140 mm Front tyre Tubeless 90/80-16'' Rear tyre Tubeless 110/80-14" Seat height 760 Fuel tank capacity 6 or 10 litres Homologation Meets European Directive Euro2 *Payload Rear rack small size *max 40 Kg Rear rack medium size *max 40 Kg Rear rack large size *max 40 Kg Front rack *max 25 Kg 9.

PRODUCT SPECIFICATIONS The PIAGGIO LIBERTY 125cc 4s: Engine Single cylinder Leader, 4 stroke 2 valve Displacement 124 cc Maximum power 8,4 kw (11,2 HP) a t 8.000 rpm Max torque 10,5 Nm at 6.750 rpm Cooling Air Starter Electric Front suspension Hydraulic telescopic fork Rear suspension Single hydraulic shock absorber Front brake Disc Ø 220 mm or Ø 240 mm with hydraulic control Rear brake Drum Ø 140 mm Front tyre Tubeless 90/80-16'' Rear tyre Tubeless 110/80-14" Seat height 760 Fuel tank capacity 10 litres Homologation Meets European Directive Euro 3 *Payload Rear rack small size *max 40 Kg Rear rack medium size *max 40 Kg Rear rack large size *max 40 Kg Front rack *max 25 Kg 10.

The PIAGGIO LIBERTY DELIVERY 125cc 4s: PRODUCT SPECIFICATIONS The PIAGGIO LIBERTY EMAIL (electric): Engine Electric motor Synchronous brushless permanent magnet motor; Electric motor control Digitally controlled inverter Power 2.6 kw @3000 rpm Max torque 15 Nm Battery charge modes Battery charger integrated in the on-board electronics, so charging is possible in both private and public environments using a simple adaptor Traction battery Lithium ion batteries Number of batteries 1.5 kwh two batteries Power/Voltage/Amper 3 Kwh/ 37V / 80 Ah two batteries Charge time 100% in 4h; 80% in 2h two batteries N of charge cycles 1500 Range Power / Eco 60 km / 80 km two batteries Acceleration (one rider) > 30% Acceleration (full load) Up to 20% Motor mappings Eco, Power, Reverse Front suspension Hydraulic telescopic fork Rear suspension Single hydraulic shock absorber Front brake Disc Ø 220 mm with hydraulic control Rear brake Drum Ø 140 mm Front tyre Tubeless 90/80-16'' Rear tyre Tubeless 110/80-14" Seat height 790 11.

4. LIBERTY EMAIL TECHNICAL FEATURE 12.

TECHNICAL FEATURES Vmax: 45 km/h (30 km/h in Eco mode) Climbing > 30% 1 person Range: up to 80 km with 2 batteries in Eco; up to 60 km in Power LCD display with operating modes (Power, Eco, Reverse at 2 km/h), range indication, energy consumption, recharge time, etc. Buzzer safety issue (manual by specific button; automatic in reverse mode and, if requested, for speed > 25 km/h) 13.

ELECTRINIC CONTROL air-cooled with specific fun with low current absorption VMS (Vehicle Management System) intergraded; 4 functions in one device: inverter, battery charger, DC/DC converter, functionality and safety vehicle control battery charger: 1,2 kw integrated in the VMS; slow charge permitted lower than 0 C (up to about -10 C), limited to 80%, in order to avoid any battery damage normal charge time: 2h (4h con 2 batteries) recharge modes (IEC 61851): type 3 for public areas (where necessary); mode 1 by Schuko adaptor 14.

STOP & GO POWER VS ECO Stop&Go test case: acceleration from 0 to max speed (45km/h or 30km/h, power and eco mode) are performed up to cover a specific distance (100, 250, 500, 1000 m) Indication of range (*) reduction due to Stop&Go in Power and Eco mode: (*) range at Vmax: 60 km in Power 80 km in Eco 15.

ELECTRIC MULTIMEDIA PLATFORM Piaggio introduces with Liberty e-mail, as optional, an innovative multimedia platform for electric scooters aimed to maximum safety and riding pleasure. ELECTRIC MULTIMEDIA PLATFORM (EMP) consists of an electronic unit, connecting the vehicle to the smartphone by Bluetooth, and an app that transforms the smartphone in an advanced dashboard, including several new features: Virtual dashboard Trip Computer with data-log function Advanced navigation 16.

17. 5. ACCESSORIES

ACCESSORIES The product can be completed with: 1. A textile bag behind the shield 3. Leg proection 2. Top case with capacity of 70 lt 4. Windscreen with or without flap protection 18.

19. 6. CASES OF SUCCESS

Samples of our Best Case of Success Post/ Austria Post/ France Post/ Italy Post/ Germany Post/ Algeria Post/Spain 20.

Figures of our Cases of Success MARKET DEAL WITH (PIAGGIO LIBERTY FAMILY) 2007 2008 2009 2010 2011 2012 2013 2014 2015 QTY QTY QTY QTY QTY QTY QTY QTY QTY SWITZERLAND SWISS POST (liberty 50cc thermic) 700 950 1010 926 380 SWITZERLAND SWISS POST (liberty 50cc email electric) 100 AUSTRIA AUSTRIAN POST (liberty 50/125cc thermic) 315 190 203 265 225 AUSTRIA AUSTRIAN POST (liberty email electric) 75 ALGERIA EPIC ALGERIE POSTE -DIrection Gen 200 BELGIUM POSTA BELGIUM 800 HOLLAND TNT POST Holland 108 148 79 117 1000 GERMANY TNT Post GERMANY 339 145 15 60 60 SPAIN CORREOS 1750 1022 1100 800 1000 FRANCE LA POST FRANCE 2365 864 1201 594 GERMANY First Mail Düsseldorf GmbH 106 41 ITALY TNT Post Italia spa 34 111 150 189 25 25 SLOVENIA POSTE SLOVENE (libetry 50cc/125cc thermic) 70 164 170 112 97 132 150 SLOVENIA POSTE SLOVENE (libetry email electric) 20 SLOVAKIA POSTA SLOVAKIA (liberty email electric) 30 20 GERMANY DE POST NV - Purchasing Fleet Manag 382 402 ITALY ITPOSTE POSTE ITALIANE SPA 150 15186 BOSNIA POSTA BH 30 CROAZIA POSTA CROAZIA 500 21.

22. THANK YOU