Groupe Renault - 2019 Universal Registration Document

04

RENAULT SA ANNUAL FINANCIAL STATEMENTS FINANCIAL STATEMENTS

Loans include: €7,468 million in short-term investments with Renault Finance P (€7,171 million in 2018); There was €5.6 million in short-term loans to Renault s.a.s. in P 2018; there were no short-term loans in 2019; €4,463 million in current accounts resulting from centralized cash P management agreements with Group subsidiaries (€3,891 million in 2018); Marketable securities 4.4.2.10 Marketable securities include €326 million for Renault SA’s treasury shares. Changes in treasury shares were as follows:

€700 million with RCI under a cash pledge agreement (unchanged P from 2018); €90 million in loans to RTM. P All loans relate to Group subsidiaries.

Options exercised and awards

Transfers to other financial assets

Shares purchased

At start of year

Increases

Reversals

At year-end

Number of shares Shares allocated Shares not allocated

5,058,961

1,310,225

800,000

4,548,736

389

(99)

43

(11)

322

7

1

(3)

5

GROSS VALUE (IN EURO MILLION) IMPAIRMENT (IN EURO MILLION)

396

(99)

44

(14)

327

(2)

14

(13) (13)

0 0

(1)

TOTAL

394

(99)

44

0

326

Options exercised and shares vested principally concern: vesting of 245,138 shares awarded under plan 22 for non-residents and 968,750 shares under plan 23 for residents; P The impairment booked corresponds to the difference between the purchase price and the average opening price over the last month of the year. It is recognized for shares not allocated to a plan.

Stock option and performance share plans The Board of Directors periodically awards performance shares to Group executives and managers, with vesting and holding periods specific to each plan. Until 2012, it also periodically granted stock options, each with their own price conditions and required holding periods. All plans include performance conditions which determine the number of options or performance shares granted to beneficiaries. Loss of the benefit of stock options or performance shares follows the applicable regulations: all options and rights are

forfeited in the event of resignation or termination and a decision is made for each individual case when an employee leaves at the

Company’s instigation.

New performance share plans were introduced in 2019, concerning 1,462 thousand shares. The vesting period for rights to shares is 3 years, with no minimum holding period and without distinction between residents and non-residents.

Changes in the number of stock options and performance share rights held by personnel A. STOCK OPTIONS

Weighted average share price at grant and exercise dates (€)

Weighted average exercise price (€)

Share rights

Quantity

OPTIONS OUTSTANDING AND RIGHTS NOT YET VESTED AT JANUARY 1, 2018

248,774

36 35

4,714,171 1,462,030

Granted

Options exercised or vested rights

(95,787)  (1) (50,000)  (1)

49  (3)

(1,214,438)  (4) (618,434)  (5)

Options and rights expired and other adjustments

OPTIONS OUTSTANDING AND RIGHTS NOT YET VESTED AT DECEMBER 31, 2018

102,987

37

4,343,329

Stock options exercised or expired in 2019 were granted under plans 18 and 19 in 2011 and plan 20 in 2012. (1) Price at which the shares were acquired by the Group to cover future options. (2) Performance shares vested were mainly awarded under plan 22 for non-residents in 2015 and plan 23 for residents in 2016. (3) Rights expired notably include 455,658 share rights of the resigning Chairman and Chief Executive Officer. (4)

430 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2019

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