Binding Combination Agreement

Conditions added in recent weeks included agreements under which Chinese state-owned Dongfeng Motor Group Co. would sell part of its 12.2% stake in PSA to the French carmaker and fiat Chrysler would relocate its Comau division after the deal. Actual results may differ materially from those expressed in the forward-looking statements due to a number of factors, including: the effects of the COVID 19 pandemic, the ability of PSA and ACF and/or the combined group resulting from the proposed transaction (with the parties, the „companies“), to successfully market new products and maintain the vehicle`s shipping volume; changes in global financial markets, the general economic environment and changes in demand for cycosity-subject automotive products; changes in local economic and political conditions, changes in trade policy and the introduction of global and regional tariffs or tariffs on the automotive industry, the adoption of tax reforms or other changes in tax legislation and regulations; The ability of companies to expand some of their brands around the world; The ability of companies to offer innovative and attractive products; The ability of companies to design, manufacture and sell vehicles with expanded features such as improved electrification, connectivity and autonomous driving features; different types of claims, remedies, administrative investigations and other contingencies, including rights to liability for fact and security, as well as environmental rights, investigations and legal actions; Essential operating expenses related to compliance with environmental, health and safety rules; High levels of competition in the automotive industry, which may increase as a result of consolidation; failure to cover deficits in the financing of parties` defined benefit pension plans; the ability to provide or provide appropriate financing to merchants and individuals and the associated risks associated with the creation and operation of financial services businesses; The ability to access financing to execute business plans and improve their operations, financial situation and results; a significant malfunction, malfunction or security breach affecting computer systems or electronic control systems contained in company vehicles; The ability of companies to realize the expected benefits of joint venture agreements; disruptions due to political, social and economic instability; The risks associated with our relationships with employees, distributors and suppliers increased costs, supply disruption or shortage of raw materials; changes in labour and labour relations and changes in applicable labour law; changes in exchange rates, changes in interest rates, credit risks and other market risks; political and civil unrest; earthquakes or other disasters; Uncertainty about the completion of the business combination envisaged in this document or the date of the combination; the risk that the announcement of the proposed business combination may make it more difficult for parties to establish or maintain relationships with their employees, suppliers and other counterparties or government agencies; the risk of harming the activities of the parties during the brevity of the proposed business combination; The risks associated with the administrative authorizations required for the combination; the risk that the psa and FCA transactions will not be successfully integrated, as well as other risks and uncertainties.