FCA and Groupe PSA Boards Note Continued Progress Towards Merger Completion and Agree Additional Steps Including in Respect of Faurecia Stake Distribution to Stellantis Shareholders - Seite 2

Fiat Chrysler Automobiles N.V. (« FCA ») (NYSE : FCAU/MTA : FCA) and Peugeot S.A. (“Groupe PSA”) (Paris:UG) continue to advance towards the completion of their proposed combination to create Stellantis, the world’s 4^th largest global automotive OEM by volume. A further step forward in this regard was taken on 27^th October when their respective Boards signed the cross-border merger terms that will apply to the combination. The parties expect the combination to be completed by the end of the first quarter 2021, subject to the customary conditions set forth in their Combination Agreement.

Both Boards also agreed to permit Groupe PSA to sell up to approximately 7 per cent of Faurecia’s outstanding share capital prior to the completion of the merger and to take such other steps (excluding additional disposals of shares) as may be necessary to ensure that Stellantis will not acquire control of Faurecia, consistent with the terms of the original Combination Agreement. This is expected to facilitate the securing of the necessary regulatory approvals in relation to the merger.

The cash proceeds from this contemplated disposal are expected to be distributed to the Stellantis shareholders along with the distribution in kind of the remaining stake in Faurecia, as already announced on 14^th September 2020, promptly after the completion of the merger and subject to approval by the Stellantis Board and shareholders.

Both FCA and Groupe PSA also acknowledged the effective management of the Covid-19 crisis by Faurecia, and the upward revision of 2020 guidance and confirmation of all targets for 2022 during Q3 sales presentation.

About FCA

Fiat Chrysler Automobiles (FCA) is a global automaker that designs, engineers, manufactures and sells vehicles in a portfolio of exciting brands, including Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Ram and Maserati. It also sells parts and services under the Mopar name and operates in the components and production systems sectors under the Comau and Teksid brands. FCA employs nearly 200,000 people around the globe. For more information regarding FCA, please visit www.fcagroup.com

About Groupe PSA

Groupe PSA designs unique automotive experiences and delivers mobility solutions to meet all customer expectations. The Group has five car brands, Peugeot, Citroën, DS, Opel and Vauxhall and provides a wide array of mobility and smart services under the Free2Move brand. Its ‘Push to Pass’ strategic plan represents a first step towards the achievement of the Group’s vision to be “a global carmaker with cutting-edge efficiency and a leading mobility provider sustaining lifetime customer relationships”. An early innovator in the field of autonomous and connected cars, Groupe PSA is also involved in financing activities through Banque PSA Finance and in automotive equipment via Faurecia.