Cobra Automotive Technologies SpA Ordinary General Meeting i. Approved the Cobra Automotive Technologies SpA financial statements and examined the consolidated financial statement for the fiscal year 2012 ii. Approved the Remuneration Report pursuant Article 84-quater CONSOB guideline Varese May 29, 2013 - The General Meeting of shareholders of Cobra Automotive Technologies SpA, listed on the Italian Stock Exchange, met today in second call.

The General Meeting approved the financial statements for the year ended December 31, 2012, which
shows a net loss of € 15.9 million, and resolved to carry forward such loss.
The meeting then took note of the consolidated financial statements of the Cobra Group as reported in the press release issued March 26, 2013:
Consolidated revenues in 2012 of € 156.6 million, compared to € 159.8 million in 2011; Consolidated EBITDA in 2012 of €5.8 million compared to €3.6 million in 2011;
Adjusted consolidated EBITDA - adjusted for non-recurring costs - of €14.9 million compared to €10.1
million in 2011;
An operating loss in 2012 of €14.7, a reduction compared to the loss of €17.7 million in 2011;
Net debt in 2012 of €38.2 million, an improvement compared to € 39.5 million in 2011.
The meeting also approved the Report of the Remuneration Policy for the members of the Board of Directors, Statutory Auditors and managers with strategic responsibilities. This report was prepared pursuant to the recommendations of article 6 of the Code of Conduct for listed companies on the Italian Stock Market.
Daniele Lucherini, the manager responsible for preparing the Company's financial reports, declares pursuant to paragraph 2 of Article 154 bis of the Italian Consolidated Law on Finance that the accounting information contained in this press release corresponds to the Company's documents results, books and accounting records.

Cobra Automotive Technologies SpA Via Astico, 41

21100 Varese Italia

Tel. +39 0332.825111

Fax +39 0332.222005

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

The minutes of the Ordinary General Meeting of Shareholders will be made available to the public, as required according to the law within thirty days from the General Meeting. The summary statement of votes at the General Meeting will be made available to the public in accordance with the terms and conditions specified by the applicable laws.
The Ordinary General Meeting did not resolve any changes to the 2012 Annual Financial Statements of Cobra Automotive Technologies SpA already available to the public at the registered office - together with the further documentation required by the applicable law and regulation in force, and on the Company's website (www.cobra-at.com), and as filed at Italian Stock Market. (www.borsaitaliana.it).

Per ulteriori informazioni: Cobra Automotive Technologies SpA Alessandro Pagliara Investor Relations

Tel: +39 0332 825111

e-mail: ir@cobra-at.com www.cobra-at.com

Silvia Di Rosa

CDR Communication srl cell: +39 3357864209

e-mail: silvia.dirosa@cdr-communication.it

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 in 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 Switzerlan d and Sophia Antipolis, France. Cobra was listed on the Milan Stock Exchange on December 12, 2006.

© 2013 Cobra Automotive Technologies SpA, All rights reserved

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