RENAULT :INFORMATION RELATED TO THE PARTICIPATION BY GROUPE RENAULT IN AVTOVAZ'S CLOSED SUBSCRIPTION THROUGH DEBT-TO-EQUITY CONVERSION

Renault SA
13/15 quai Alphonse Le Gallo
92100 Boulogne-Billancourt

Boulogne-Billancourt, March 28^th, 2018

• Renault and Rostec, the two partners of Alliance Rostec Auto B.V. "("ARA B.V."), majority shareholder of AVTOVAZ, announce their indirect participation in AVTOVAZ`s closed subscription currently under way and which will end in April 2018.
  

• The two partners each transferred 30.7 billion Russian Roubles of receivables and loans to ARA B.V., which will convert them into new shares issued by AVTOVAZ.
  

• This transaction, worth 61.4 billion Russian Roubles, intended to replenish AVTOVAZ`s equity capital, is the main step in the recapitalization process launched in December 2016.
  

• This recapitalization supports AVTOVAZ` successful implementation of its recovery plan and the renewal of LADA brand.

En conséquence, conformément aux normes en vigueur, le Groupe Renault consolidera le bilan d`AVTOVAZ au 31 décembre 2016, et son compte de résultats à partir du 1^er janvier 2017.

AVTOVAZ closed subscription

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Source: RENAULT via GlobeNewswire
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