Renault Group to sell to Nissan up to 195,473,600 Nissan shares representing approximately 5.0% of Nissan capital

This sale will be implemented as part of the share buybackprogram announced by Nissan on September 26, 2024, and that will be executed onSeptember 27, 2024. Nissan has also announced its decision to cancel all theacquired shares, which will be accretive for Nissan’s shareholders. The sharesto be sold are part of the 22.73% of Nissan’s capital held by a French trust(as a reminder, 28.4% were initially transferred by Renault Group into thistrust on November 8, 2023 pursuant to the New Alliance Agreement betweenRenault Group and Nissan).

Assuming a maximum number of 195,473,600 Nissan shares soldat a share price of ¥408.5 (closing price of Nissan share on September 26, 2024restated from ¥5 1 ), this sale would result, at the transaction date, in acash inflow of up to €494 million, which would further improve the Automotivenet cash financial position of Renault Group.

As a consequence of the sale of 195,473,600 Nissan shares,the accounting impacts would be the following:

- On Renault Group consolidated financial statements,a capital loss on disposal estimated at a maximum of €1,100 million, whichwould impact the net income (this capital loss, booked in "other operatingincome and expenses", would not impact the Group's operating income).

The impact of this capital loss would have no impact on thedividend paid in 2025 on 2024 results as it will be excluded from the netincome used to compute the payout ratio;

- On Renault S.A. statutory statements, a capital losson disposal estimated at a maximum of €120 million would be booked;

- Tax impact would be non-significant.

This transaction will allow faster deleveraging and supportsthe Group’s determination to return to an investment grade rating.