Renaulution Shareplan 2023: the Revolution is accelerating, employee share ownership too

Boulogne-Billancourt, 5 September 2023 – Renault Group announces the implementation of its employee share ownership plan Renaulution Shareplan for the second consecutive year. This offer is open in 29 countries and will involve nearly 98,000 employees in the creation and sharing of value.

Compared to 2022, Renault Group has increased the contributions offered under the 2023 plan by 30% to benefit eligible employees from the success of the implementation of the stages of the Revolution. This significant increase will allow eligible employees to receive up to 16 shares free of charge, compared to the 12 shares awarded free of charge in 2022.

“By continuing the implementation of one of the most ambitious employee share ownership plans, all sectors considered, we are strengthening the unity of the Group. Renaulution Shareplan establishes the conditions for a better sharing of value, so that the Revolution benefits everyone within the company.”

Luca de Meo, CEO Renault Group

The main modalities are described below.

Issuing company

Renault SA, a company with a registered capital of €1,126,701,902.04 , headquartered at 122-122 bis Avenue du Général Leclerc, 92100 Boulogne-Billancourt, France, registered in Nanterre under number 441 639 465.

Traded on Euronext Paris (France).

ISIN code: FR0000131906.

Purpose

This plan is part of Renault Group’s policy of deploying employee share ownership to involve nearly 98,000 employees from 29 countries in the Group’s ambitions.

Scope

The offer reserved for employees is made within the framework of articles L. 3332-18 and following of the French Labour Code, as well as the group savings plans («PEG») of Renault Group. In some countries, due to local legal, tax and operational constraints, the offer is implemented outside this legal framework.

Beneficiaries

The offer is open to employees of Renault Group and its consolidated subsidiaries that are members of the PEG of either Renault SAS, DIAC or Retail Renault Group (RRG), in 29 countries, subject to local authorizations required. To subscribe to the offer, the employee must have at least 3 months of continuous or discontinuous seniority between 1st January 2022 and 2nd October 2023 and an employment contract (with a consolidated company and member of the PEG) in force on 2 October 2023.

The offer is deployed in France and internationally in the following countries: Argentina, Austria, Belgium, Brazil, Czech Republic, China, Colombia, Croatia, Germany, Hungary, India, Ireland, Italy, Malta, Morocco, Mexico, Netherlands, Poland, Portugal, Romania, Spain, Slovakia, Slovenia, Sweden, Switzerland, United Kingdom and Turkey.

Terms

All eligible employees of the Group benefit from the free and immediate allocation of 8 shares, in the form of a unilateral contribution (except in certain countries where the delivery of the shares will occur in 5 years, without retention obligation).

In addition, in 23 countries, Renault Group offers its employees the opportunity to buy shares on favourable terms, with a 30% discount on the reference price and an additional gross contribution equivalent to 8 shares (300% top-up on the first two shares, or 6 free shares for 2 purchased and 200% on the third share purchased or 2 additional free shares). The employee’s voluntary payment may not exceed 25% of his annual gross remuneration for 2023.

Renault shares will be held for at least 5 years (except in exceptional cases of early exit) through an employee mutual fund (FCPE) or in certain countries, directly in a registered account.