Newsletter #117 (International)

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Dear colleagues,

     Faced with the rapid changes we are experiencing at all levels, we have decided for this Newsletter to review the fundamental concepts that concern us: 

• Employee shareholding at Renault Group,
• How our shares are held: PEG and FCPE,
• The importance of voting at Shareholders' Meetings,
• The interest of an Association of employee shareholders,

Enjoy reading,

C. Quintard, President of the AASR

What does it mean in practice?

It’s the opportunity to purchase Renault Group shares under attractive conditions — including a company contribution and a discounted price. A share represents a small stake in the company. By owning shares, we become shareholders, in other words, investors in our own organisation.

Why is this a great opportunity for us?

Share in the company’s success: When Renault Group performs well — our cars sell, our results are strong — the share price can rise, increasing the value of your investment. It’s a way to benefit directly from our collective achievements.

Boost your savings: This is a smart way to save for the future and fund personal projects. It’s an investment that can grow over time.

Feel more connected: Owning a part of the company strengthens our sense of involvement. Every car we build, every innovation we deliver, every satisfied customer contributes to the value of our company. We’re not just employees — we’re partners in success.

Enjoy tax advantages: When the company delivers strong results, part of the profits are distributed as dividends. As employee shareholders, these dividends are converted into additional shares or fractions of shares, added to your portfolio — and they’re exempt from taxation.

In short:

Employee shareholding is a unique chance to turn our daily work into a personal investment that can grow over time, while reinforcing our sense of belonging and influence in the company we help to shape.

Among all Renault Group shareholders, how can we identify employee shareholders?

This is where the Group Savings Plan (PEG) and the “Renault Actions” FCPE, managed by BNP Paribas, come into play.

The Group Savings Plan (PEG): Our company “piggy bank”

What is it?
The PEG is a scheme set up by Renault Group to allow employees to save under advantageous conditions. It provides a legal framework for investing money (for example, profit-sharing, incentive bonuses, or voluntary contributions).

Its role:
Think of the PEG as a large collective “piggy bank” where everyone deposits their money. Instead of leaving the money idle, it is invested in an FCPE.

The “Renault Actions” FCPE (Employee Investment Fund): The “basket” of shares

What is it?
An FCPE is an Employee Investment Fund — essentially a large basket that holds shares. In our case, the FCPE is called “Renault Actions.”

Who manages it?
This basket is managed by a professional — BNP Paribas. It’s like entrusting our money to an intermediary who buys and manages the shares for us according to strict rules.

Its role:

Collecting funds: All employees who want to buy Renault shares through the PEG contribute their money to the “Renault Actions” FCPE.

Buying shares: With these pooled funds, BNP Paribas, as the FCPE manager, purchases Renault Group shares on the stock market.

Collective ownership: The FCPE “Renault Actions” is the legal owner of all these shares. Employees do not directly own the shares but hold “units” of the FCPE. Each unit represents a small portion of all Renault shares in the basket.

Why this system?

Simplicity: No need to worry about the complexities of buying and managing shares on the stock market — everything is handled by BNP Paribas.

Lower costs: Buying shares collectively through an FCPE reduces fees compared to individual purchases.

Security: Our assets are managed by a professional under strict regulations.

Voting rights made easy: The FCPE restores our voting rights at the General Meeting for all the shares it holds. Fractional voting rights (called “rompus”) are exercised by the FCPE Supervisory Board, elected by employees every four years.

In summary:

When we invest in Renault Group employee shareholding through the PEG, our money is placed in the “Renault Actions” FCPE managed by BNP Paribas. This FCPE buys Renault Group shares. We do not directly own the shares but hold units of the FCPE, whose value moves with Renault’s share price. We also enjoy all rights attached to the shares: dividends, voting rights, and more. It’s a simple, secure, and efficient way to become a shareholder in our company.

Thanks to our shares, we also have rights. One of the most important is the right to vote at General Meetings (AGMs).

What is a General Meeting?
It’s a gathering of all the company’s investors (shareholders). This is where key decisions about the future of Renault Group are made.

What do we vote on?
We vote on “resolutions,” which are proposed decisions. These can include:

• Approval of the previous year’s financial statements.
• Appointment or renewal of members of the Board of Directors (those who govern the company).
• Executive remuneration policy.
• Major strategic decisions for the company (e.g., significant investments, mergers, acquisitions).

Why is it crucial that we vote?

It’s our right and our power: Each share we own gives us a voting right. Even if we hold just one share, our voice adds to those of other employee shareholders. Together, we can influence decisions.

Shape the company’s strategy: By voting, we express our views on how the company is managed and its strategic direction. We can support decisions that we believe are good for Renault Group’s future and for our jobs.

Protect our investment: Decisions made at AGMs can directly impact the value of our shares. Voting helps ensure sound choices are made, safeguarding our savings and investment.

Make employees’ voices heard: Employee shareholders represent a significant part of the company. By voting, we bring the perspective of those who know the business from the inside. This ensures employees’ interests are considered in strategic decisions.

Responsibility: As investors, we share responsibility for the company’s success. Voting is part of fulfilling that responsibility.

In summary:

Voting at a General Meeting is not just a formality. It’s an opportunity to exercise our shareholder power, influence Renault Group’s future, and protect our investment. Your voice matters—don’t leave it unheard!

Becoming an employee shareholder allows us to share in Renault Group’s success and vote at General Meetings — a crucial way to make our voices heard. But imagine if all employee shareholders joined forces. That’s where the value of an Employee Shareholders’ Association comes in.

What is it?

It’s simply a voluntary group of employees who are also shareholders, with the aim of defending the interests of employee shareholders as such.

What is AASR?

The AASR is your association! It is an independent, apolitical organisation, not linked to any trade union, created and run by current and former Renault Group employees who are also shareholders. Since its creation in 1996, its main goal has been to defend and promote the interests of Renault Group’s employee shareholders.

Why is it essential to follow AASR?

Your voice amplified, your influence multiplied:

Alone, your vote matters. But when thousands of employee shareholders vote in the same direction, guided by AASR, it becomes a powerful force. AASR collects voting mandates from its members and represents them collectively at General Meetings. It’s the difference between a whisper and a roar that cannot be ignored!

AASR is a recognised voice with Renault Group’s Management, the Board of Directors, and major shareholders. It ensures that employee shareholders’ views are heard at the highest level.

Clear information and expert analysis:

Financial matters and AGM resolutions can be complex. AASR breaks down the issues, analyses financial reports, and reviews management proposals.

It provides informed voting recommendations, so you can make decisions confidently without needing to be a financial expert. You’ll know exactly why to vote “for” or “against” each resolution.

Defending your specific interests:

Employee shareholders have unique concerns: jobs, working conditions, long-term strategy, and Renault Group’s sustainability. AASR is the voice of these priorities.

It ensures employee shareholding schemes remain attractive and that your rights are respected.

With its expertise, the association can also propose resolutions or strategic directions to management.

A network and a space for exchange:

Following AASR means joining a community. It’s an opportunity to connect with other employee shareholders, share views, and feel supported.

AASR regularly organises meetings, conferences, and communications to keep members informed.

An essential counterbalance:

In any large company, having constructive checks and balances is healthy. AASR acts as a positive counterpower, working in the interests of the company and its employees. It can question management, raise concerns, and ensure decisions are made for Renault Group’s long-term success.

A structured, representative association is a credible and legitimate voice for the company’s leadership. It shows that employee shareholders are organised and determined to play their role.

In summary:

AASR is not just an association — it’s your collective tool to influence Renault Group’s future. It ensures your status as an employee shareholder is not just a line on a statement but becomes a real force for impact.

Don’t wait! Follow AASR today! Together, we can make our voices heard and actively contribute to the success and sustainability of our company.

Newsletter distributed by email upon request at aasr@renault.com or by clicking on "Contact" at the top of the page

Visit our website: www.aasr.website

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Internet : Employee stock ownership - Renault Group

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Internet : My Company Savings

Phone : from France : 08 00 00 75 35 / from other countries : +33 (0) 1 49 37 82 36