November 9th, 1999

No supply problem foreseen in Boral/Bridgestone deal
"Michelin customers in Australia will continue to have wide access to Michelin
truck tyres past the proposed acquisition of Boral Tyres by Bridgestone," Michelin
Australias managing director Xavier Martinez said today.
"Boral Tyres has been retailing our products since we established the Michelin
owned agency in Australia in 1997. Whilst we acknowledge and appreciate their support for
us over time, we have, in line with our plans for long term business growth actively
developed a strong independently owned dealer network across Australia," Mr Martinez
said.
"It is this network which will ensure that customers continue to have reliable
access to Michelin truck tyres and quality service both locally and nationally. Michelin
is also committed to the further development of this network and we propose to make some
important announcements regarding this in the near future."
Michelin also plans to establish its Recamic retreading process in Australia before the
end of next year, further extending its services to customers.
"As one of the worlds leaders in retreading, we see significant advantages
in bringing the Recamic process to Australia," Martinez claimed.
Since the establishment in Australia of its own warehousing, sales and marketing
operation, Michelin has successfully focussed on the development of strong national dealer
networks for its extensive range of quality passenger, light truck, heavy truck and
earthmover products. The strategy is resulting in strong business growth.
Michelin trades with 200 truck dealers nationally and a further 600 dealers for
passenger car products. Michelin advises customers who require any clarification on
product supply and service to call 1800 776600 for information.