From a press release:

DUCATI MOTOR HOLDING ANNOUNCES FIFTH CONSECUTIVE YEAR OF RECORD REVENUES FOR 2001

Bologna, Italy – Ducati Motor Holding S.p.A. (NYSE: DMH, Milan’s Telematico: DMH), a leading manufacturer of high performance motorcycles, announced record consolidated revenues for the fourth quarter and full year, ended December 31, 2001.

For the fourth quarter, revenues were Euro 123.9 million (US$110.5 million) representing a growth of 18.4% over the same period in 2000. Revenues from Ducati motorcycles for the period increased 19.7% to Euro 108.5 million and represented 87.6% of revenues. Motorcycle-related products, including spare parts, technical accessories and apparel, rose 8.8% to Euro 15.0 million over the comparable period in the previous year.

For 2001, revenues were Euro 407.3 million (US$362.9 million) representing like-for-like growth of 9.2% over 2000. Total sales were up 7.3% from Euro 379.5 million (US$334.3 million) during the previous year. This discrepancy is due to a decrease of “miscellaneous other sales” of Euro 6.5 million, reflecting the one-off buy-back of inventory from the newly established UK subsidiary from the previous importer in January 2000. Revenues from Ducati motorcycles increased 9.0% to Euro 344.9 million and represented 84.7% of revenues. Motorcycle-related products rose 9.8% to Euro 61.4 million over the same period last year.

“The fourth quarter showed a notable improvement in our revenue growth, making it the strongest quarter of the year, mostly thanks to a strong December,” said Carlo Di Biagio, Chief Executive Officer of Ducati Motor Holding. “All in all, I am very satisfied with our sales in 2001, given the volatile climate of recent months. In particular, towards the end of the year, we have seen enthusiastic acceptance of our model year for 2002 – especially the 998 Superbike – and are seeing the benefits of the re-organization of our North American subsidiary.”

While official world registrations data for the period are not yet available, the Company’s best estimates suggest that fourth quarter registrations showed an improvement, growing around 2% versus previous year. Registrations for 2001 are estimated to have grown approximately 1%, with weakness in the US (-23%) and in Italy (-3%) more than offset by strength in Japan (+51%), in the UK (+10%), and France (+8%).

During the fourth quarter of 2001, new independent Ducati Stores exclusively selling Ducati motorcycles and accessories were opened, including one in Zurichsee (Switzerland), Nantes (France), Regensburg (Germany), Matsudo Chiba and Tomei Yokohama (Japan), bringing the total to 88 stores worldwide at year-end.

Please note: These data are preliminary and may be subject to minor changes. Final data will be announced on February 15, 2002, along with 2001 net earnings results.

Founded in 1926, Ducati builds racing-inspired motorcycles characterized by unique engine features, innovative design, advanced engineering and overall technical excellence. Ducati has won nine of the last eleven World Superbike Championship titles and more individual victories than the competition put together. The Company produces motorcycles in four market segments which vary in their technical and design features and intended customers: Superbike, Supersport, Monster and SportTouring. The company’s motorcycles are sold in more than 40 countries worldwide, with a primary focus in the Western European and North American markets. For more information about the Company, please visit our web site at http://www.Ducati.com.

This press release contains statements that are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated, as described in the Company’s 2000 annual report, filed with the U.S. Securities and Exchange Commission on Form 20-F, dated July 2, 2001.