Weekly Report (August 23-29, 2024) Third Tranche of Stellantis 2024 Share Buyback Program

Rhea-AI Summary

Stellantis N.V. (STLA) has reported on its Third Tranche of the 2024 Share Buyback Program for the week of August 23-29, 2024. The company repurchased 3,800,421 common shares at an average price of €15.0144 per share, totaling €57,061,085. Since the program's inception on August 1, 2024, Stellantis has bought back 20,464,216 shares for a total of €297,036,562. As of August 29, 2024, the company held 101,964,390 treasury shares, representing 2.62% of its total issued share capital. This buyback program, announced on August 1, 2024, aims to repurchase up to €1 billion of shares in the open market by November 29, 2024.

Positive

• Stellantis is executing a significant €1 billion share buyback program, demonstrating confidence in the company's value
• The company has already repurchased €297,036,562 worth of shares since August 1, 2024, showing strong progress in the program
• The share buyback could potentially increase earnings per share and shareholder value

Negative

• The share buyback program may reduce the company's cash reserves, potentially affecting its financial flexibility
• The average purchase price of €15.0144 per share may be viewed as high if the stock price declines in the future

Weekly Report (August 23-29, 2024) Third Tranche of Stellantis 2024 Share Buyback Program

AMSTERDAM, August 30, 2024 - Stellantis N.V. (“Stellantis” or the “Company”) announced today that pursuant to its Third Tranche of the 2024 Share Buyback Program announced on August 1, 2024, covering up to €1 billion to be executed in the open market during the period between August 1, 2024 and November 29, 2024, it has repurchased the following common shares in the period between August 23 up to and including August 29, 2024:

Date	Number of Shares Repurchased	Average Market Purchase Price in € per share	Repurchased Volume in € (excluding fees)	Venues
23/08/2024	94 250	€14,9392	€1 408 023	CEUX
23/08/2024	527 105	€14,9336	€7 871 559	MILE
26/08/2024	100 000	€14,9909	€1 499 093	CEUX
26/08/2024	717 000	€14,9873	€10 745 867	MILE
27/08/2024	75 000	€15,0825	€1 131 187	CEUX
27/08/2024	467 500	€15,0777	€7 048 820	MILE
28/08/2024	120 000	€15,0191	€1 802 287	CEUX
28/08/2024	1 188 000	€15,0188	€17 842 389	MILE
29/08/2024	79 367	€15,0905	€1 197 686	CEUX
29/08/2024	432 199	€15,0722	€6 514 176	MILE
Total	3 800 421	€15,0144	€57 061 085

Since August 1, 2024 up to and including August 29, 2024, the Company has purchased a total of 20,464,216 common shares for a total consideration of € 297,036,562.

As of August 29, 2024, the Company held in treasury No. 101,964,390 common shares equal to 2.62% of the total issued share capital including the common shares and the special voting shares.

A comprehensive overview of the transactions carried out under the buyback program, as well as the details of the above transactions, are available on Stellantis’ corporate website under the Share Buyback Program Section www.stellantis.com/en/investors/stock-and-shareholder-info/share-buyback-program.

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About Stellantis

Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. It’s best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, with single-digit percentage compensation of the remaining emissions, while creating added value for all stakeholders. For more information, visit www.stellantis.com

	@Stellantis		Stellantis		Stellantis		Stellantis
For more information, contact: communications@stellantis.com www.stellantis.com

FORWARD-LOOKING STATEMENTS

This communication contains forward-looking statements. In particular, statements regarding future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, future financial and operating results, the anticipated closing date for the proposed transaction and other anticipated aspects of our operations or operating results are forward-looking statements. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on Stellantis’ current state of knowledge, future expectations and projections about future events and are by their nature, subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them.

Actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors, including: the ability of Stellantis to launch new products successfully and to maintain vehicle shipment volumes; changes in the global financial markets, general economic environment and changes in demand for automotive products, which is subject to cyclicality; Stellantis’ ability to successfully manage the industry-wide transition from internal combustion engines to full electrification; Stellantis’ ability to offer innovative, attractive products and to develop, manufacture and sell vehicles with advanced features including enhanced electrification, connectivity and autonomous-driving characteristics; Stellantis’ ability to produce or procure electric batteries with competitive performance, cost and at required volumes; Stellantis’ ability to successfully launch new businesses and integrate acquisitions; a significant malfunction, disruption or security breach compromising information technology systems or the electronic control systems contained in Stellantis’ vehicles; exchange rate fluctuations, interest rate changes, credit risk and other market risks; increases in costs, disruptions of supply or shortages of raw materials, parts, components and systems used in Stellantis’ vehicles; changes in local economic and political conditions; changes in trade policy, the imposition of global and regional tariffs or tariffs targeted to the automotive industry, the enactment of tax reforms or other changes in tax laws and regulations; the level of governmental economic incentives available to support the adoption of battery electric vehicles; the impact of increasingly stringent regulations regarding fuel efficiency requirements and reduced greenhouse gas and tailpipe emissions; various types of claims, lawsuits, governmental investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating expenditures in relation to compliance with environmental, health and safety regulations; the level of competition in the automotive industry, which may increase due to consolidation and new entrants; Stellantis’ ability to attract and retain experienced management and employees; exposure to shortfalls in the funding of Stellantis’ defined benefit pension plans; Stellantis’ ability to provide or arrange for access to adequate financing for dealers and retail customers and associated risks related to the operations of financial services companies; Stellantis’ ability to access funding to execute its business plan; Stellantis’ ability to realize anticipated benefits from joint venture arrangements; disruptions arising from political, social and economic instability; risks associated with Stellantis’ relationships with employees, dealers and suppliers; Stellantis’ ability to maintain effective internal controls over financial reporting; developments in labor and industrial relations and developments in applicable labor laws; earthquakes or other disasters; risks and other items described in Stellantis’ Annual Report on Form 20-F for the year ended December 31, 2023 and Current Reports on Form 6-K and amendments thereto filed with the SEC; and other risks and uncertainties.

Any forward-looking statements contained in this communication speak only as of the date of this document and Stellantis disclaims any obligation to update or revise publicly forward-looking statements. Further information concerning Stellantis and its businesses, including factors that could materially affect Stellantis’ financial results, is included in Stellantis’ reports and filings with the U.S. Securities and Exchange Commission and AFM.

Attachment

• PR 30 08 2024-Stellantis- Weekly Report Third Tranche share Buyback Program

FAQ

How many shares did Stellantis (STLA) repurchase between August 23-29, 2024?

Stellantis (STLA) repurchased 3,800,421 common shares between August 23-29, 2024.

What is the total value of shares Stellantis (STLA) has repurchased since August 1, 2024?

Stellantis (STLA) has repurchased shares worth €297,036,562 since August 1, 2024.

What percentage of Stellantis' (STLA) total issued share capital is held in treasury as of August 29, 2024?

As of August 29, 2024, Stellantis (STLA) held 2.62% of its total issued share capital in treasury.

When is Stellantis' (STLA) 2024 Share Buyback Program scheduled to end?

Stellantis' (STLA) 2024 Share Buyback Program is scheduled to end on November 29, 2024.