LONDON, PARIS, TOKYO, YOKOHAMA (Feb. 6, 2023) - Following approval by the Boards of Directors of Renault Group and Nissan Motor Co., Ltd, Renault-Nissan-Mitsubishi Alliance today announced new initiatives to take their partnership to the next level.

• A three-dimension program to maximize value creation for all Alliance stakeholders will include:

• High-value-creation operational projects in Latin America, India and Europe;

• Enhanced strategic agility with new initiatives that partners can join;

• A rebalanced Renault Group-Nissan cross-shareholding and reinforced Alliance governance.