From a press release:

DUCATI MOTOR HOLDING ANNOUNCES RECORD REVENUES FOR FIRST QUARTER 2002
DUCATI WORLDWIDE REGISTRATIONS UP 18% –

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 first quarter of 2002.

For the first quarter, revenues were Euro 106.3 million representing a growth of 5.7% over the same period in 2001. Revenues from Ducati motorcycles increased 4.3% to Euro 89.3 million and represented 84.0% of total revenues. Motorcycle-related products rose 14.6% to Euro 16.8 million versus the same period last year. Revenues grew mainly thanks to a positive product mix, despite a slight unit sales decline.

Motorcycle shipments worldwide declined 3.5%. This was mostly due to the re-organization of the US distribution network. Excluding the US, motorcycle shipments were up 2.4%.

While official world registrations data for the period are not yet available, the Company’s best estimates suggest that first quarter registrations grew 18% versus the same period last year, with particular strength in Japan (+32%), in the USA (+32%).

“The impressive increase in registrations for the period reflects the success of our strong product offering for 2002. The 998 Testastretta and the Monster 620 i.e. – introduced in September 2001 – are proving a real hit with dealers and customers alike and have been the main drivers of the growth in this quarter,” said Carlo Di Biagio, Ducati Chief Executive Officer. “As part of our restructuring efforts in the US, we have tailored a series of initiatives to support the sell-out of our products – and it is great to see such positive results .”

“We expect unit sales to pick up in the coming months and confirm our revenues growth target for the full year 2002 of high single digit growth with 16% EBITDA margin net of GP costs,” said Enrico D’Onofrio, Ducati Chief Financial Officer.

“In addition, our performance in the World Superbike Championship so far this year has been exceptional. Ducati’s Troy Bayliss, the 2001 title-holder, has opened this season with a record-breaking six consecutive wins. We could not have wished for a better start,” added Carlo Di Biagio. “We have just shown the first images of the powerful desmosedici engine and a highly aerodynamic vehicle which will enter the Moto GP next year. We are very excited about this project which is advancing in line with our plans.”

During the first quarter of 2002, Ducati continued to open new independent Ducati Stores exclusively selling Ducati motorcycles and accessories, including one in Rhein Sieg in Germany, Chia Yi in Taiwan and Marseilles in France bringing the total to 97 stores worldwide.

Founded in 1926, Ducati builds racing-inspired motorcycles characterized by unique engine features, innovative design, advanced engineering and overall technical excellence. Ducati has won ten of the last twelve 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.