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MICHELIN OFFERS SMARTWAY® VERIFIED RETREADS

MICHELIN® retreads contribute to fuel savings and emissions reductions

GREENVILLE, SC -- (Oct. 12, 2012) -- Michelin Americas Truck Tires is pleased to announce that three MICHELIN® retreads have been added to the SmartWay® verified technologies list and four are in the process of receiving SmartWay® verification. With SmartWay® verified dual drive and trailer treads and wide single drive and trailer treads, Michelin will have full coverage in SmartWay® retreads for over the road.

Michelin's SmartWay® verified retreads include: MICHELIN® XT-1® AT Pre-Mold for trailer applications and MICHELIN® XDA2® 19 AT Pre-Mold and MICHELIN® XDA2® 23 AT Pre-Mold for drive axle applications. The following retreads meet SmartWay® standards and are pending SmartWay® verification: MICHELIN® X One® XDA-HT Pre-Mold and MICHELIN® XDA2® 23 AT Custom-Mold for drive axle applications, and MICHELIN® X One® XTA® Pre-Mold and MICHELIN® XT-1® Custom Mold for trailer applications.

"Retreads represent about half of the tires on the road. Michelin agrees with the U.S. Environmental Protection Agency (EPA) SmartWay® program's overall strategy of including retread products to reduce the fuel consumption and greenhouse gas emissions of line-haul Class 8 trucks. MICHELIN® low-rolling resistance retreads reduce fleet operating costs by increasing fuel efficiency and extending tire life," said Ted Becker, vice president of marketing for Michelin Americas Truck Tires. "Michelin has been a leader in fuel efficient tires and retreads for decades, and we strive to meet the demands of our customers today and tomorrow."

MICHELIN® retreads verified by SmartWay® are compliant with California Air Resources Board (CARB) Greenhouse Gas regulation for low-rolling-resistance tires. These retread options allow customers to be CARB compliant when California implements the requirements for SmartWay® verified retreads on January 1, 2013.

The Michelin Retread Technologies Inc. (MRT) Network follows a nine-step retread process throughout all its franchisees ensuring customers confidence and consistency through the SmartWay® verified offers. No other retread uses Michelin's new-tire technology and rigorous quality control. By utilizing proven tread designs and Michelin's new-tire manufacturing standards, MRT delivers reliable retreads specifically designed to provide value and solutions for sustainable mobility.

Michelin looks forward to offering SmartWay® verified wide base single retreads, and will continue to submit a wide range of our retread products to the verification process. More information about the SmartWay® program as well as verified low rolling resistance tires and retreads can be found at epa.gov/smartway.

About Michelin Retread Technologies

Established in the U.S. in 1998, Michelin Retread Technologies Inc. (MRT) brings the rigor of Michelin new tire innovation and manufacturing to both the process and product of retreading in North America. The network of MRT franchisees operates 77 retread plants in North America, which follow a consistent, rigorous, and highly audited nine-step manufacturing process to deliver uniform results across tires and retread plants. The MRT retreading plants use the most advanced technology available to examine 100% of the casings before retreading. Two patented retreading processes - Pre-Mold and Custom Mold - use Michelin's new-tire design technology, allowing North American fleets to maximize the life of their tire assets. MICHELIN® retreads may be found in over 700 points of sale in the U.S. For more information on Michelin Retread Technologies or MICHELIN retreads, visit www.michelintruck.com.