SUMMARY

Arrinera Investment Summary VALUE RANGE N/A – N/A New Supercar Manufacturer Arrinera Automotive Holding PLC incorporated in the UK, is owner of the Poland’s first production supercar. The company is preparing to manufacture its first road supercar – the Hussarya. A prototype has been built and a chassis model track tested. Global awareness is established for the Arrinera brand, which management expects to underpin demand for

first year sales (inferred pipeline orders 14 cars 2015 and revenue GBP Arrinera Automotive’s Hussarya maquette 1.7m). The management team expects growth in the value of the supercar segment driven by expansion of the number of high net worth individuals, principally in China/Asia and Middle East.

Monday, 17 March 2014  Growth market driven by expansion of Chinese/Asian high net worth

 Awareness created for the Arrinera brand

 Manufacturing outsourced – reduces risk and lowers the capex profile

 Production expected 2H14E and revenues 1Q15E

 Appositely named first car, Hussarya, (meaning Hussar) – first rule of supercar marketing…pick a compelling name.

ARRINERA IS A CLIENT OF ACF EQUITY RESESARCH LIMITED Arrinera Investment Summary

Operational Strategy

Arrinera Automotive Holding aims to be a niche player targeting ultra high-end buyers of production road supercars. The Company is incorporated in England and Wales and will Aim is capital growth for shareholders – GXG Markets listing document design and oversee the manufacture and production of a range of supercars. The Arrinera name already has global awareness.

Pre-production engineering facilities are expected to be located in the UK, where Europe’s highest concentration of supercar design and production facilities can be

found. The Company’s planned first production supercar is the Arrinera Hussarya. The key target markets for the Hussarya are Asia, Middle East, Western Europe, and the USA following modifications.

Arrinera plans to subcontract manufacture to SILS Gliwice, with which it has a We infer lower risk and lower capex Memorandum of Understanding (MoU) to produce up to 1,000 units per year. Arrinera aims to sell 500 units p.a. or 3.3% market share at peak production - Chinese distributors are forecast by management to account for sales of around 300 cars p.a. or 60% of sales

The current entry point price for the Hussarya is expected to be EUR 133k, however it Competitive pricing , inviting specs, could the Hussarya compete with Ferrari and should be noted that majority of buyers will likely choose bespoke add on packages, Lamborghini?. raising the average selling price for the Hussarya to approximately EUR 150k.

Arrinera has already created global awareness based upon citations and articles in leading internet-based automotive sites (such as UK/US leading site “”” Italy’s “autoscout”, Germany’s “sportautos”, Chinese “auto-online” and “hkcarworld” etc.) and in almost all other global regions in a wide range of languages including Chinese. In addition and according to management leading BBC and internationally syndicated television car show “Top Gear” has expressed interest in profiling the Hussarya and the Discovery Channel has expressed interest in a making a documentary about the car.

Management believes that current brand awareness and future publicity will create

pent up demand for the first production run of 14 cars.

Arrinera’s design team is advised by Lee Noble, a celebrated British engineer and Lee Noble - enviable design reputation supercar designer whose prototypes have been used by McLaren company for F1 model amongst others. The company expects to generate its first revenues during FY15E.

Exhibit 1: Arrinera’s Estimates for the Global Market for Supercars

Underlying Market Region Units Sold 2013 Estimated and ASPs Estimated Total Supercar Market Global 15,000 Ferrari and Lamborghini Global 9,100 Supercar Average Selling Price Europe EUR 250k Supercar Average Selling Price US EUR 215k Hussarya Starting Price Global EUR 133k Source: Company Reports; Arinnera guidance

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Notes [Intentionally Blank]

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