On February 22, 2023, Stellantis announced a Share Buyback Program (the “Program”) of up to €1.5 billion, to be executed on the market with the intent to subsequently cancel the common shares acquired through the Program.

On May 18, 2023, Stellantis announced completion of the first tranche of the Share Buyback Program announced on March 16, 2023, covering up to €500 million. From March 17, 2023 up to and including May 17, 2023, the Company purchased a total of 33,249,812 common shares.

On June 6, 2023, Stellantis announced the signature of a second share buyback agreement with an independent investment firm that makes its trading decisions concerning the timing of purchases independently of Stellantis. This agreement relates to the second tranche of the Program. This tranche will cover a maximum amount of up to €500 million.

The second tranche of the Program begins on June 7, 2023 and will end no later than September 7, 2023. Common shares purchased under the Program will be cancelled in due course.

The Program will be carried out under the authority granted by the general meeting of shareholders held on April 13, 2023, which may be renewed or extended, up to a maximum of 10% of the Company’s capital.