Renault Group and Nissan announced new strategic projects:

• Renault Group would own 100% of Renault Nissan Automotive India Private Ltd (RNAIPL), by acquiring the 51%-shareholding currently held by Nissan. This project represents a key opportunity for Renault to expand its international business. Nissan will maintain its presence in India with a strong focus on increasing market coverage. RNAIPL would continue to produce Nissan models, including the New Nissan Magnite, and will serve as a crucial pillar for the company's future expansion plans.

• Nissan chooses Renault Group to develop and produce a derivative of Twingo, designed by Nissan.

• The New Alliance Agreement would be amended to increase the flexibility of each party regarding their cross-shareholdings by setting the lock-up undertaking at 10% (instead of 15% currently).

• Nissan would be released from its commitment to invest in Ampere while continuing the agreed product projects.