Hamilton congratulates Perez before heading to the podium. A big hug for Perez from his team and very well deserved.

Domenicali is also doling out the hugs for both Alonso and Perez. Will a 2013 contract be in the post for the Mexican?

What a fantastic race and what a fantastic result. So important for Ferrari to get a win so early in the season after such a bad start in testing.

Thank you for joining us. I hope you enjoyed the Malaysian Grand Prix as much as we did. Keep checking the website for all the reaction over the next few hours. There should be some interesting content.

Lap 56

Alonso wins in Malaysia. Perez crosses the line 2.2 seconds behind. Hamilton finishes third and Webber is fourth.

Yet another radio message for Vettel to stay on track. If he's as confused as I am he won't know what to do.

Raikkonen fifth, Senna sixth, di Resta seventh, Vergne eighth, Hulkenberg ninth and Schumacher tenth.

A very happy Perez screams: "YES! YES!" over his radio.

Button admits it was a "horrendous day at the office" as he finishes 14th.

Perez is told to go to parc ferme and reminded to switch the car off properly amid the excitement. "See you under the podium" says his race engineer.

Vettel is told to retire the car as Alonso starts his final lap. He is then told to stay out. He is in 12th and may have wanted to retire in order to change his gearbox and avoid a penalty. Vettel told to stop again!

Lap 55

Smoke from the back of Maldonado's Williams and it looks as though his engine has blown. He's still on track but loses position to Schumacher and is out of the points. He returns to the pits with smoke trailing in his wake. Race over.

The gap is now 3.2s at the front. Hamilton is warned of oil from Maldonado's Williams. That could throw a spanner in the works.

Lap 54

3.9s is the gap on this lap. Impressive from Perez but still not enough with three laps remaining.

Raikkonen sets the fastest lap in fifth place but is not making an impression on Webber. The Lotus, like the Sauber, is also on hard tyres.

Lap 53

4.5s is the gap at the front and it looks as though Perez will not be able to challenge Alonso unless the Ferrari makes a mistake.

What a shame that he made that mistake he's still quicker and Alonso was having to use all his KERS on the pit straight to defend from the DRS.

Lap 52

Perez has the gap down to 4.7s but only has 5 laps left to close the gap. Great battle shaping up between Vergne, Hulkenberg and Maldonado.