Cobra Automotive Technologies SpA : Cobra requests voluntary exclusion from the STAR following the reduction of the free float of shares Feb 13, 2013

COBRA Automotive Technologies S.p.A. Requests voluntary exclusion from the STAR following the reduction of the free float of shares

Varese, February 13, 2013 - The Cobra Group announced today that following a notice from the Italian Stock Exchange that the Company was no longer in compliance with the free float requirement of the STAR segment of the Italian Stock Exchange the Board of Directors of Cobra Automotive Technologies SpA (the "Company") considers that the Company is currently unable to meet the free float requirement and resolved to request exclusion of the Company's ordinary shares, COBRA - ISIN code IT0001142022 (the "Shares"), from the STAR segment of the Italian Stock Exchange as the free float of such shares is less than the minimum of 20% of the capital represented by ordinary shares of the Company required for the STAR segment.

Pursuant to Article 2.5.8 of the Rules of the Markets organized and managed by Borsa Italian SpA (the

"Rules"), the Shares shall continue to trade on the MTA market after exclusion from the STAR segment.

The Company also communicates its commitment to maintain all the corporate governance procedures adopted by the Company to ensure maximum transparency in accordance with the standards required for listing on the STAR segment and reserves the right to apply to the Italian Stock Exchange for the authorization to list the Shares of the Company on the STAR segment when the free float of such Shares

again meets the requirements of Article 2.2.3 of the Rules.

Cobra Automotive Technologies SpA Via Astico, 41

21100 Varese Italia

Tel. [phone]

Fax [phone]

C.F./P.IVA 00407590124

Cap. Soc. € 11.647.352,52 i.v.

© 2013 Cobra Automotive Technologies SpA, All rights reserved www.cobra-at.com

For further information: Cobra Automotive Technologies S.p.A. Alessandro Pagliara Investor Relations

Tel: [phone]
e-mail: [e-mail] www.cobra-at.com

Silvia Di Rosa

CDR Communication srl cell: [phone]

e-mail: [e-mail]

Cobra Automotive Technologies S.p.A., based in Italy, is a leading international group providing worldwide user-friendly vehicle-centric solutions, integrating advanced technologies that enhance transportation and property security thus helping to manage risks associated to vehicles, like theft, hi-jack, frauds and low speed manoeuvres. Cobra provides stolen vehicle recovery services at a pan-European level (Audi, Bentley, Ferrari, Lamborghini, Maserati, Nissan Europe, Porsche, Renault), in Russia and in Malaysia. Within Europe, Service Operation Centers assist customers in 36 countries. Founded in 1975, Cobra is partner to the main European and Asian car and motorbike manufacturers, for whom Cobra develops solutions integrated in the original equipment. Cobra has direct operations in Brazil, China, France, Germany, Italy, Japan, South Korea, Spain, Switzerland and i n the UK, with a network in the global markets of approximately 40 commercial partners. Cobra designs and manufactures electronic systems at the company's facilities in Varese, Italy for the European markets, in Beijing, China and Yongin-si, South Korea for Asian markets with the development of software applications for location based services at facilities in Switzerland and Sophia Antipolis, France. Cobra was listed on the Milan Stock Exchange, STAR segment, on December 12, 2006.

© 2012 Cobra Automotive Technologies SpA, All rights reserved