In the Course of the Implementation Process of Its Financial Restructuring, Europcar Mobility Group Announces a Large Support of Its Affected Financial Creditors as of December 18, 2020 - Seite 3

INDICATIVE TIMELINE OF IMPLEMENTATION

As of today, the implementation of the Agreement in Principle is contemplated through a series of steps, the targeted implementation dates of which are:

- Availability of the independent expert report by end of December 2020;

- Financial Creditors Committee and bondholders’ general meeting votes on the draft accelerated financial safeguard plan on January 7^th, 2021;

- Approval of the prospectus by the AMF around mid-January 2021;

- Extraordinary shareholders’ meeting to vote on the resolutions necessary to adopt the draft accelerated financial safeguard plan on January 20^th, 2021;

- French court approval (as the case may be) of the accelerated financial safeguard plan at the beginning of February 2021;

- Assuming the applicable conditions are satisfied or waived, the Agreement in Principle is expected to be implemented by the end of March 2021 at the latest.

Certain Defined Terms

“2024 Senior Notes” means the €600,000,000 aggregate principal amount of 4.125% Senior Notes due 2024 (Reg. S Common Code: 170620259 / Reg. S ISIN: XS1706202592; Rule 144A Common Code: 170620275 / Rule 144A ISIN: XS1706202758) issued by Europcar Mobility Group.

“2026 Senior Notes” means the €450,000,000 aggregate principal amount of 4.000% Senior Notes due 2026 (Reg. S Common Code: 198337587 / Reg. S ISIN: XS1983375871; Rule 144A Common Code: 198337617 / Rule 144A ISIN: XS1983376176) issued by Europcar Mobility Group.

“EC Finance plc's Senior Secured Notes” means the €500,000,000 aggregate principal amount of 2.375% Senior Secured Notes due 2022 (Reg. S Common Code: 170390016/ Reg. S ISIN: XS1703900164; Rule 144A Common Code: 170390059/ Rule 144A ISIN: XS1703900594 issued by EC Finance plc and guaranteed by Europcar Mobility Group. The EC Finance plc's Senior Secured Notes are often referred to as “Fleet Notes” by market participants.

“RCF” means the €670,000,000 multicurrency revolving facility made available pursuant to the existing French revolving facilities agreement dated 13 July 2017, entered into between the RCF lenders, the Company (as Parent), Europcar International and certain of its subsidiaries and Crédit Agricole Corporate and Investment Bank (as Agent and Security Agent), as amended from time to time through the date hereof.

“Credit Suisse Facility” means the unsecured subordinated credit agreement entered into between the Company and Credit Suisse, originally dated as of 27 December 2019, as amended from time to time.