Renault Group and Managem Group sign an agreement for a sustainable supply of Moroccan Cobalt

This directcooperation between a car manufacturer and a mining player guarantees along-term traceability system for the supply chain of cobalt for batteries. Italso aims to reduce the impact on the environment, in particular thanks to theknow-how of Managem Group which have optimised energy efficiency at theirfacilities through the growing use of green energies, more than 80% of whichcome from wind power. This agreement notably includes the possibility forManagem Group, Renault Group and its Alliance partners advance furthercooperation in the supply of manganese and copper sulphate, as well as on therecycling of battery materials in short loops.

Following thecreation of the industrial center dedicated to the electric vehicle RenaultElectriCity, Renault Group is positioning itself as a key player of moreefficient, low-carbon and reusable batteries. The Group aims to reduce thecarbon footprint of its batteries by 20% by 2025 and by 35% by 2030, comparedto 2020. Combined with the partnership with Vulcan to secure low-carbon lithiumand Terrafame for low-carbon nickel sulphate, this agreement marks a new steptowards reducing the environmental footprint of electric vehicles and theGroup's objective of carbon neutrality in Europe by 2040.

The signing ofthe agreement took place today in the presence of Mr. Ryad Mezzour, Minister ofIndustry and Trade of Morocco, Mr. Gianluca De Ficchy, Purchasing EVP of theAlliance and Managing Director of the Alliance Purchasing Organization (APO),Mr. Imad Toumi Chairman and CEO of Managem Group, and Mr. Mohamed Bachiri,Director of Renault Group Morocco.

Mr. RyadMezzour, Minister of Industry and Trade of Morocco says: "A new stage in the strategic partnershipbetween Morocco and Renault Group begins with the signing of this agreementtoday, which will utilize Moroccan natural resources and industry to supportthe development of electric mobility worldwide and the deep integration of thenational automotive industrial platform,”. He adds: “the Moroccan automotive industry is accelerating its transition toelectrification with sustainable and efficient Moroccan cobalt sourcing forelectric batteries. At the same time, we are working to position Morocco as aproducer of electric batteries and a key player in sustainable mobility.”

Gianluca DeFicchy, Alliance Purchasing EVP and Managing Director of the AlliancePurchasing Organization (APO), commented: "We are very pleased topartner with Managem Group, a recognized mining player, who utilises unique andefficient production and processing methods and will contribute in this way tothe economic, social, and environmental development of the automotive industryin Morocco. This agreement is an additional step towards achieving theobjective of reducing the carbon footprint of our batteries and achievingcarbon neutrality for the Renault Group in Europe by 2040, and worldwide by2050. The traceability and decarbonization of the raw materials of ourbatteries are crucial issues for electric mobility and the energy transition.We thus ensure a local supply of low-carbon cobalt closer to our Europeanmanufacturing ecosystem of electric batteries.”

This agreementwill support the development of the Moroccan automotive industry and strengthenMorocco's positioning as a platform for the production and export of equipment,motor vehicles and now strategic and critical materials of Moroccan origin suchas cobalt, manganese and copper for the manufacture of batteries. It is part ofthe commitments made by Renault Group to the Kingdom of Morocco, to develop theRenault ecosystem in country by increasing local sourcing to €2.5 billion from2025 and a target of €3 billion.

Managem Groupis an active member of the Cobalt Committee of the LME (London Metal Exchange)and of the Cobalt Institute (CI). In 2019, the responsible production of Cobaltby Managem Group was confirmed by certification according to the standards ofthe Responsible Minerals Initiative (RMI), as well as by evaluations by NQC andECOVADIS. Managem Group recently joined the FCA (Fair Cobalt Alliance).

About Renault Group

Renault Group is at theforefront of reinventing mobility. Backed by its alliance with Nissan and MitsubishiMotors, and its unique expertise in terms of electrification, Renault Grouprelies on the complementarity of its 4 brands - Renault - Dacia - Alpine andMobilize - and offers sustainable mobility solutions and innovative to itscustomers. Established in more than 130 countries, the Group sold 2.7 millionvehicles in 2021. It brings together 111,000 employees who embody its purposeon a daily basis, so that mobility brings us closer to each other. Ready totake up challenges both on the road and in competition, the Group is committedto an ambitious transformation that will generate value. This is centered onthe development of new technologies and services, of a new range of vehiclesthat is even more competitive, balanced and electrified. In line withenvironmental challenges, Renault Group aims to achieve carbon neutrality inEurope by 2040.

https://www.renaultgroup.com/

About Managem Group

Managem Group is an industrialmining group that has been exploiting a diversified portfolio of metals formore than 90 years. The group is present throughout the entire mining cycle,from exploration to the sale of raw materials. The group employs 6,000 peopleand operates in 9 African countries, including Morocco. Managem Group ismajority owned by Al Mada, a pan-African private equity fund. A signatureaccompanies the name «Al Mada»: "Positive impact", reflecting thefund's commitment to promoting "useful" investment.

https://www.Managemgroup.com

RENAULTGROUP

PRESSRELATIONS

Astridde Latude

astrid.de-latude@renault.com

+336 25 63 22 08

https://www.renaultgroup.com/

MANAGEM GROUP

PRESSRELATIONS

MeriemBELMOKADEM

m.belmokadem@Managemgroup.com

+212 529 026 519

https://www.Managemgroup.com