Ford Selling Aston Martin

12 March 2007

Ford Motor Company has entered into a definitive agreement to sell its Aston Martin business to a consortium comprised of David Richards, John Sinders, Investment Dar and Adeem Investment Co.

The transaction values Aston Martin at £479 million (US$925 million). As part of the transaction, Ford will retain a £40 million (US$77 million) investment in Aston Martin. Other terms and conditions specific to the sale are not being disclosed at this time.

This transaction is the result of Ford’s decision, as announced in August 2006, to explore strategic options for Aston Martin as the company restructures its core automotive operations and builds liquidity.

The sale is expected to close during the second quarter and is subject to customary closing conditions, including applicable regulatory approvals.

The new owner of Aston Martin is a consortium comprising: David Richards, founder and chairman of Prodrive, a world-leading motorsport and automotive technology company; John Sinders, an avid Aston Martin collector and a backer of Aston Martin Racing; and Investment Dar and Adeem Investment Co, international investment companies headquartered in Kuwait.