MONSTER CHALLENGE MOBS THROUGH SAN JOSE Cupertino, CA The fourth round of the Monster Challenge concluded this weekend at the new Cycle World IMS venue in San Jose, California. The group of Monsters assembled for this show was the baddest yet, fitting since San Francisco is one of Ducati’s biggest markets. The quality of the San Jose bikes made choosing a winner tough. According to Challenge judge and Moto Euro editor, Mario Korf, “It’s cool to see how much people can change up a Monster. But you have to start with the performance of the machine because it’s a Ducati and it has to go around corners!” he added. “Many of these bikes are daily riders, and that also sits well with me. They all did a super job.” Sean Kelii of Sacramento, CA finished with the top honors. His bike used to be a 1999 Monster Chromo but is now one of the baddest beasts on the street. After a bad accident, Sean rebuilt the bike focusing on track performance. With liberal use of carbon fiber, Kelii’s bike now weighs less than 350 pounds. Add to that the 944 big bore kit and Superbike front end and you’ve got a vicious track day weapon. Sean was a winner at last years Seattle show and moved to the Sacramento area six months ago. “My bike attended Weight Watchers,” Kelii said. “I put it on a serious diet and got it down to about 350 pounds. With the major suspension and motor work I’ve done, it rules at track days, which is where I am off to tomorrow! That’s why it’s got the slicks on.” Two-time World Superbike Champion Doug Polen helped judge the competition and said, “Man, there are some neat machines here. They are all good, but the winner is just an amazing bike and everything on it is perfect and ready for the track. I’d love to take that one out put some laps on it.” Second place was Rory Murphy from San Rafael, CA. His 1997 Monster 900 was modified to look like a 1973 Sport, complete with Conti replica pipes, wire wheels and the retro Sport paint job. “The paint scheme of the ’73 Sport has always been one of my favorites,” said Murphy. “So I used that scheme and coupled it with many engine and suspension upgrades, giving it the performance of a modern bike and the appearance of a classic,” he added. Steve Metz from San Francisco, CA brought home the 3rd spot and was easily the favorite among the show patrons with his infamous Tiger bike, “El Tigre.” Even though his bike is visually dramatic, it also has performance to back it up. A contestant last year, Steve added a single sided swingarm as well as suspension and engine upgrades for the 2006 Monster Challenge. “I worked very hard this year to eliminate most of the silver frame coloring, painting it orange to go with the Tiger theme,” said Metz. “I think the tiger tail is my favorite feature on the bike, as it really stands out and people remember it. The bike is cartoon-like and surreal, but it is a very solid runner, as well.” The fifth round of the Ducati Monster Challenge will take place January 13-15 at the Washington Convention Center in Washington, DC. From there, The Challenge moves to New York City, Chicago, Atlanta and Montreal. For more details, please visit www.ducatiusa.com. We have limited high resolution photos of this event. If you need something, please email me since the ducatiusa.com photogallery site is currently down. Founded in 1926, Ducati builds racing-inspired motorcycles characterized by unique engine features, innovative design, advanced engineering and overall technical excellence. The Company produces motorcycles in six market segments which vary in their technical and design features and intended customers: Superbike, Supersport, Monster, Sport Touring, Multistrada and the new SportClassic. The Company’s motorcycles are sold in more than 60 countries worldwide, with a primary focus in the Western European, Japan and North American markets. Ducati has won thirteen of the last fifteen World Superbike Championship titles and more individual victories than the competition put together. For more information about the Company, please visit our web site at www.ducatiusa.com.

BUELL ANNOUNCES EXPANDED RACING CONTINGENCY PROGRAM More Cash Contingencies Offered to Privateer Buell Racers In 2006 MILWAUKEE — Buell Motorcycle Company recently announced it will increase its racing support program for 2006, with cash contingency paid to racers aboard Buell motorcycles in multiple regional and national race series. Buell racers will be chasing more than a quarter million dollars of cash contingencies at race tracks across the U.S. in 2006. The program will continue to reward Buell racers competing in Championship Cup Series (CCS), Willow Springs Motorcycle Club (WSMC) and Washington Motorcycle Road Racing Association (WMRRA). In addition, Buell plans to offer new contingencies in the American Motorcyclist Association (AMA), American Federation of Motorcyclists (AFM) and WERA Motorcycle Roadracing. “We’re proud to support the racing efforts of our Buell dealers and privateer riders nationwide through our expanded contingency program and trackside support at select events. They are a dedicated group and this is our way of saying thanks,” said Erik Buell, Chairman and Chief Technical Officer of Buell Motorcycle Company. Details of the 2006 Buell contingency program, including the racer registration form, will be posted on buell.com on January 23, 2006. To learn more about Buell motorcycles, visit your local Buell dealer today and experience the pure streetfighter attitude, style and performance only found on board a Buell.

KIYAMA BECOMES KMC PRESIDENT AS HAMADA RETURNS TO JAPAN Shepard retires after 29 years and Dora receives promotion. IRVINE, Calif. (Dec. 20, 2005)””Scott Kiyama has been named president of Kawasaki Motors Corp., U.S.A. (KMC), effective Jan. 1, 2006. Steve Hamada, who joined KMC as president in February 2002, will return to Japan as executive officer and senior manager of the Osaka office of Kawasaki Heavy Industries, Ltd. (KHI). Kiyama served as director and then vice president, corporate office & planning at KMC since early in 2002. His primary responsibilities were in the areas of planning, vehicle inventory, and production management. Prior to coming to KMC, Kiyama served in both production engineering and sales capacities with KHI, including having been responsible for motorcycle sales in numerous countries in Asia, Africa, the Middle East and South America. The company has also announced the year-end retirement of Bob Shepard, a 29-year veteran of KMC who most recently held the title of executive vice president corporate administration. Dave Dora, vice president product operations, becomes executive vice president product operations, effective Jan. 1. Commensurate with his promotion, Dora also is appointed to the Board of Directors at KMC. Now reporting to Dora will be Kris Carter, director of human resources, who formerly reported to Shepard. Two other positions that had previously reported to Shepard will now report to the president. They are Don Koprowski, vice president, general counsel & secretary, and Roger Peterson, vice president information systems. Kawasaki Motors Corp., U.S.A. (KMC) markets and sells at wholesale Kawasaki motorcycles, ATVs, personal watercraft and utility vehicles through a network of more than 1,500 independent retailers, with an additional 8,400 retailers specializing in power products and general purpose engines. KMC and its affiliates employ nearly 2,400 people in the United States, with more than 350 of them located at the Irvine, California headquarters. Kawasaki’s tagline, “Let the good times roll.™”, is recognized worldwide and the brand is aggressively carrying its heritage of leading-edge power, performance and exhilaration into the 21st century. Information about Kawasaki’s complete line of recreational products and Kawasaki affiliates can be found on the Internet at www.kawasaki.com.

Ducati Board of Directors Bologna The Board of Directors of Ducati Motor Holding S.p.A. (NYSE: DMH; Borsa Italiana: DMH) has approved today, among other items, the following: 1) an accrual on the 2005 Profit and Loss of a Euro 13.0 million restructuring reserve to support the reduction of dealer bike stock and to readdress and retrain the organizational structure of the Company; 2) the call of an Extraordinary Shareholders’ Meeting on January 24, 2006 (first call) and January 26, 2006 (second call), to grant the Board of Directors powers to increase the Company’s share capital, for consideration and in one or more instances, over a period of five years, up to a maximum amount of Euro 80,0 million through the issuance of DMH ordinary shares to be offered to shareholders by way of subscription rights, and the subsequent amendment of Article 7 of the Company’s By-laws. In addition, the Board of Directors communicates that the industrial plan to relaunch the Company is being prepared and will be presented to the market as soon as possible. Founded in 1926, Ducati develops racing-inspired motorcycles characterized by unique engine features, innovative design, advanced engineering and overall technical excellence. The Company produces motorcycles in six market segments which vary in their technical and design features and intended customers: Superbike, Supersport; Monster, Sport Touring, Multistrada and Sport Classic. The Company’s motorcycles are sold in more than 60 countries worldwide, with a primary focus in the Western European and North American markets. Ducati has won thirteen of the last fifteen World Superbike Championship titles and more individual victories than the competition put together. 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 documents previously filed by the Company with CONSOB and with the U.S. Securities and Exchange Commission. These materials are not an offer of securities for sale in the United States. The securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. Any public offering of the company’s securities to be made in the United States will be made by means of a prospectus that may be obtained from the company and that will contain detailed information about the company and its management, including financial statements.