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Renault industrial activities in Russia are suspended

Boulogne-Billancourt, March 23rd, 2022 – The Board of Directors of Renault Group met today and approved the following items: - Renault Group activities in its manufacturing plant in Moscow are suspended as of today. - Regarding its stake in AVTOVAZ, Renault Group is assessing the available options, taking into account the current environment, while acting responsibly towards its 45,000 employees in Russia. Renault Group reminds that it already implements the necessary measures to comply with international sanctions.

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-A positive automotive operating free cash flow (vs ≥€1Bn previously).

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A non-cashadjustment charge amounting to the accounting value of the consolidatedintangible assets, property, plant and equipment and goodwill should berecorded at the time of the 2022 first half results. As of December 31, 2021,this value amounted to 2,195 million euros.

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Renault Groupremains focused on implementing its Renaulution strategic plan. The Group will pursueits commercial policy focused on value, strengthen its competitiveness, and accelerateits cost reduction program.

About Renault Group

Renault Group is at the forefront of a mobility that is reinventingitself. Strengthened by its alliance with Nissan and Mitsubishi Motors, and itsunique expertise in electrification, Renault Group comprises 5 complementarybrands - Renault, Dacia, LADA, Alpine and Mobilize - offering sustainable andinnovative mobility solutions to its customers. Established in more than 130countries, the Group has sold 2.7 million vehicles in 2021. It employs nearly160,000 people who embody its Purpose every day, so that mobility brings peoplecloser. Ready to pursue challenges both on the road and in competition, RenaultGroup is committed to an ambitious transformation that will generate value.This is centred on the development of new technologies and services, and a newrange of even more competitive, balanced and electrified vehicles. In line withenvironmental challenges, the Group’s ambition is to achieve carbon neutralityin Europe by 2040. https://www.renaultgroup.com/en/

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