BOARD OF DIRECTORS COMMUNICATION
Boulogne-Billancourt, February 13, 2019 – Following the resignation of Mr. Carlos Ghosn from the offices of Chairman of the Board of Directors and Chief Executive Officer on 24th January 2019, the Board unanimously decided, at its meeting of 13th February 2019, to waive Mr. Ghosn’s non-compete commitment and, consequently, not to pay the corresponding compensation equal to two years fixed and variable compensation.
With respect to the shares granted to Mr. Ghosnin 2015, 2016, 2017 and 2018 as Chairman and Chief Executive Office both aspart of the deferred portion of his variable compensation for the financialyears 2014 to 2017, as well as the performance share plans for the years 2015to 2018, their definitive acquisition is subject to his presence withinRenault. The Board unanimously notes that such condition is not met, therebytriggering the loss of Mr. Ghosn's rights to the definitive acquisition of suchshares.The Board will decide on 15th March2019 on the remuneration of Mr. Ghosn for the financial year 2018.About Groupe Renault
GroupeRenault has manufactured cars since 1898. Today it is an internationalmulti-brand group, selling close to 3.9 million vehicles in 134 countries in2018, with 36 manufacturing sites, 12,700 points of sales and employing morethan 180,000 people. Toaddress the major technological challenges of the future, while continuing topursue its profitable growth strategy, Groupe Renault is focusing oninternational expansion. To this end, it is drawing on the synergies of itsfive brands (Renault, Dacia, Renault Samsung Motors, Alpine and LADA), electricvehicles, and its unique alliance with Nissan and Mitsubishi Motors. With a100% Renault owned team committed to the Formula 1 World Championship since2016, the brand is involved in motorsports, a real vector for innovation andawareness.
