Groupe Renault - 2020 Universal Registration Document

123 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 01 POST-BALANCE SHEET EVENTS GROUPE RENAULT GROUPE RENAULT: A COMPANY THAT ACTS RESPONSIBLY CORPORATE GOVERNANCE FINANCIAL STATEMENTS RENAULT AND ITS SHAREHOLDERS ANNUAL GENERAL MEETING OF RENAULT ON APRIL 23, 2021 ADDITIONAL INFORMATION On January 18, 2017, the European Banking Authority published guidelines on the application of the definition of default (EBA/GL/2016/07). The purpose of this text is to harmonize the definition of default by providing a detailed clarification of the various reasons for default (including the counting of days in arrears), the conditions for a return to non-default and the associated processes. The text will be applicable starting January 1, 2021. In addition, on September 28, 2016, the European Banking Authority published a text entitled “Final report DRTS on materiality threshold for credit obligation past due” (RTS/2016/06). This text introduces a single methodology for the counting of days in arrears (Day past due counting) based on the application of absolute and relative materiality thresholds. In its regulation 2018/1845 of November 21, 2018, the absolute threshold was set at €100 for exposures to retail customers and €500 for other exposures. These rules must be obeyed starting December 31, 2020. Finally, the European Banking Authority also published guidelines for estimates of probability of default and estimates of loss given default (EBA-GL-2017-16). These guidelines are part of the wider work of the European Banking Authority to reduce unjustified variability in the results of internal models while preserving the risk sensitivity of capital requirements. POST-BALANCE SHEET EVENTS 1.7 On January 14, 2021, following the approval of the Board of Directors, Luca de Meo, CEO of Groupe Renault, presented Renaulution, a new P strategic plan that aims to reorient Groupe Renault’s strategy from the quest for volumes to value creation (for more details on Renaulution, see chapter 1.1.3 "Strategy"). On March 12, 2021, Renault S.A. announced the successful sale of its entire stake in Daimler AG (i.e. 16,448,378 shares representing 1.54% of P the share capital of Daimler) at a price of 69.50 euros per share (i.e., a total amount of c. 1.143 billion euros), through a placement to qualified investors, as defined in Article 2 point (e) of Regulation (EU) 2017/1129, as amended, by way of an accelerated book building process. The proceeds of this sale will allow the Renault Group to accelerate the financial deleveraging of its Automotive activity. The industrial partnership between the Renault Group and Daimler remains unchanged and is not impacted by this financial transaction (1) . Settlement of the offering should take place on March 16, 2021 at the latest. Except for the waiver (to ensure reciprocity among the two companies) of the obligation for Daimler to propose first to Renault to acquire its (1) shares in case of a sale through a capital markets transaction.