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RENAULT GROUP ANNOUNCES THAT IT HAS RECENTLY ACQUIRED GENII CAPITAL’S REMAINING MINORITY SHAREHOLDING IN ALPINE RACING LIMITED

Renault Group announces that it has recently acquired Genii Capital’s remaining minority shareholding in Alpine Racing Limited, the Enstone-based outfit which runs and operates the BWT Alpine F1 Team.

The amicable transaction marks the end ofa 7-year relationship which began when Renault Group re-entered Formula Onefollowing its acquisition of 90% of the team from Genii in late 2015. Whilst this closes an important chapter in the corporate life of theteam, a strong marketing bond will subsist with Genii continuing to feature onthe iconic Alpine F1 cars for the entire 2022 FIA Formula One WorldChampionship season.

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