Renault : Report of the 2024 Annual General Meeting

REPORT OF THE

ANNUAL GENERAL MEETING OF MAY 16, 2024

• The Annual General Meeting was held on May 14, 2024, at the Seine Musicale, Île Seguin - 92100 Boulogne-Billancourt.
• The quorum was 73.02%.
• All resolutions submitted to the shareholders' vote were approved.

Renault's Annual General Meeting of May 16, 2024 was held at the "Seine Musicale", Île Seguin - 92100 Boulogne-Billancourt.

The Annual General Meeting was also broadcast live and the video replay is available on Renault Group's website (https://www.renaultgroup.com/en/finance-2/general-meeting/).

Conduct of the Annual General Meeting

Composition of the Bureau and introduction

The Bureau of the Meeting was composed of:

• Mr Jean-Dominique Senard, Chairman of the Meeting;
• Two scrutineers: Mr. Pierre Jeannin, representative of the French State, and Mr. Frédéric Rosamond, representative of Amundi, the two shareholders holding the greatest number of votes who accepted this function; and
• Ms Quitterie de Pelleport, Secretary of the Meeting.

The Chairman noted at the beginning of the meeting that the quorum amounted to 73.02% of the shares having the right to vote and that, consequently, the Annual General Meeting could validly be held.

Chairman's introductory words

Mr. Jean-Dominique Senard began by thanking the shareholders for their continuing support, and the Board of Directors for all their hard work during the 2023 financial year.

He also congratulated the teams who have worked with talent and determination to implement the Group's strategy and various projects, and who have made a major contribution to the Company's performance.

Lastly, Mr Senard expressed his deep gratitude to Mr Luca de Meo, the Group's Chief Executive Officer, who, against a continuing uncertain and complex international environment, has successfully led the company's transformation, rewarded today by results that are not only exceptional but also historic for the Group.

In this context, the Board of Directors has unanimously decided to reappoint Luca de Meo as Chief Executive Officer for four years. This reappointment is a sign of recognition of the work he has accomplished, and of the desire to work alongside him in continuing the transformation of the Renault Group.

Finally, Mr Senard spoke about the future of the Renault Group: its new organisation based on partnerships and cooperation with various partners in different ecosystems, the development of the Alliance, the gradual empowerment of stakeholders and the continuing search for innovation in line with its "Raison d'Être". It underlines the Group's extraordinary resources to face the future and renews his great confidence in the Company's capacity to meet the major geopolitical, economic, regulatory, technological, ethical and human challenges that lie ahead.

Strategy and outlooks

Mr Luca de Meo, Chief Executive Officer (CEO), then looked back over his four years as CEO of the Company. A thousand days during which he worked to restructure the Company by implementing his 'Renaulution' strategic plan.

First, the 'Resurrection' phase, which enabled structural work to be carried out on the Group's financial performance, taking it to a new level that benefits all stakeholders.

Next came the 'Renovation' phase, which put vehicles back at the very centre of the Company, with 10 new launches in 2024, enabling Renault Group to return to the top of the automotive industry and to the European market.

And finally, the 'Revolution' phase, to make the Group a "next-generation" automotive company. Renault Group has transformed itself to better meet the expectations of its stakeholders and ensure maximum coverage of the various value chains involved in mobility.

Mr Luca de Meo then presented the Group's different divisions: Ampere, Mobilize, The Future Is NEUTRAL, Alpine and Power. He also detailed the advantages of a horizontal and ecosystem-based approach, the various partnerships entered into to co-develop future products and innovations, and the various actions implemented as part of the Group's ESG strategy in the areas of decarbonisation, training and inclusion. In particular, he pointed out that the Group's overall carbon footprint had been reduced by 28% between 2010 and 2023, and that the Renault Group was well on the way to achieving carbon neutrality by 2040 in Europe and by 2050 worldwide.

Lastly, Mr Luca de Meo pointed out that in the first 1,000 days of the "Renaulution", Renault Group has launched more than 150 structuring projects, and underlined the responsibility that leadership implies: a day-to-day responsibility towards the Company, the automotive sector and European industry.

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Financial results

Mr Thierry Piéton, Chief Financial Officer of Renault Group, outlined the financial and commercial results for 2023, before presenting the revenues for the first quarter of 2024. Regarding the 2023 results, the Board of Directors has decided to propose a dividend of €1.85 per share to the Annual General Meeting, payable from May 24, 2024.

Governance and Compensation

Mr Pierre Fleuriot, Lead Independent Director and Chairman of the Governance and Compensation Committee, presented an overview of the activities of the Board of Directors and its Committees in 2023.

Details were also given on the compensation paid during or awarded in respect of the 2023 financial year to corporate officers pursuant to the compensation policies approved by the General Meeting of May 11, 2023, and of the compensation policies for the 2024 financial year.

Discussion with shareholders

This year, four shareholders submitted twenty-four "written questions" to the Chairman of the Board of Directors in ahead of the General Meeting. The answers provided by the Board of Directors to these "written questions" are available on the page dedicated to the General Meeting of Renault Group's website.

In addition to the "written questions" legal mechanism, shareholders were able to ask their questions on the General Meeting page of the website as from May 10, 2024, and even during the Meeting.

Finally, several shareholders attending the General Meeting were able to discuss matters directly with Renault management just before the resolutions were put to the vote. They asked around ten questions on the following topics in particular:

• the cancellation of Ampere's IPO;
• the electrification of vehicles and international competitiveness;
• the compensation of corporate officers;
• relations with China;
• raw materials;
• agreements of Renault with Mercedes and Samsung;
• the Group's industrial footprint in France;
• the Software Republic project and talent management;
• product sustainability in a context of cost savings;

Mr Jean-Dominique Senard, Mr Luca de Meo and Mr Thierry Piéton answered questions from shareholders attending the Meeting or asking questions via the dedicated platform on Renault Group's website.

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Approval of all resolutions

13,296 shareholders, representing 213,069,822 shares and 306,824,150 voting rights, participated in the General Meeting, either by remote voting, by giving a proxy to the Chairman or to a third party, or by attending the meeting. The quorum was therefore 73.02%.

At this Annual General Meeting, all the proposed resolutions were adopted. In particular, the Annual General Meeting took the following decisions:

• Approval of the annual financial statements and consolidated financial statements for the year ended December 31, 2023;
• Allocation of the net result for the year ended December 31, 2023, and setting of the dividend;
• Approval of regulated agreements and commitments entered into during the 2023 financial year;
• Appointment of Mazars S.A. and KPMG S.A as statutory auditors in charge of certifying sustainability information;
• Approval of the 2023 compensation packages for corporate officers (ex post "say-on- pay");
• Approval of the 2024 compensation policies for corporate officers (ex ante "say-on- pay");
• Renewal of the share buyback program;
• Renewal of the financial authorisations.

The detailed voting results of the Annual General Meeting are available on the Company's website (https://www.renaultgroup.com/en/finance-2/general-meeting/).

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