March 28, 2008

Establishement of a European player in the
« licence free » cars: 21 Centrale Partners, Philippe Ligier and Bénéteau in exclusive talks for the merger of Automobiles Ligier and Microcar

21 Centrale Partners and Philippe Ligier have reached an exclusivity agreement to acquire Automobiles Ligier, French major player in the “licence free” cars, through an investment vehicle managed by 21 Centrale Partners in association with Philippe Ligier. Subsequently, 21 Centrale Partners and Philippe Ligier have reached an exclusivity agreement with Bénéteau to acquire the group Microcar.

These acquisitions will be completed in a concomitant way allowing 21 Centrale Partners and Philippe Ligier to build a major European player in the “licence free” automotives.

Philippe Ligier will strengthen his position in the newly formed group, remaining CEO of Automobiles Ligier and becoming CEO of Microcar with the support of Philippe Thill, COO of Microcar.

The transactions could be completed before June 30, 2008 once the advice of Automobiles Ligier’s and Microcar’s respective works councils and the required competition clearances will have been obtained.
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