Spyker Cars N.v. And Lotus Cars Ltd. Intensify Their Cooperation

Spyker Cars N.V. and Lotus Cars Ltd. Intensify Their Cooperation

Spyker Cars N.V. and Lotus Cars Ltd. announce the signing of a cooperation

agreement.

Spyker and Lotus have reached agreement today on the outline of their intended cooperation,

which will include a Parts and Platform Commonality Agreement (PPCA), a Parts and

Accessories Supply Agreement pursuant to which Lotus would provide certain parts for

Spyker's new C8 Aileron super sportscar, and a concept Design and Engineering Agreement

relating to all of Spyker's future models.

Victor R. Muller, CEO of Spyker Cars comments: "Our company has had a very fruitful

cooperation with Lotus, developed over the past four years, relating to engineering services in

respect of certain components of our cars, as well as in respect of worldwide certification.

Spyker and Lotus have now come to the conclusion that they need to intensify their

cooperation to the point that we intend to share parts and platforms, as well as an agreement

on the supply of parts. Moreover, Lotus Engineering has become Spyker's preferred

subcontractor in respect of a number of engineering projects relating to the Spyker C8 Aileron

and the Spyker D8 Peking-to-Paris.

Michael Kimberley, CEO of Lotus Cars Ltd., added: "Lotus is very pleased to be identified as

Spyker's preferred Engineering supplier for these unique "high Brand Image" ground breaking

cars. We look forward to working with Spyker to expand our global business opportunities,

projects and interests for our mutually synergistic Products and Technologies. Lotus

Engineering has a great heritage and solid track record in developing innovative solutions for

clients and we look forward to using Lotus' advanced light weight vehicle know-how and

vehicle dynamics technology to enable Spyker to establish itself as a dynamic premium

automotive player."

About Group Lotus plc:

The main operating subsidiary of Group Lotus plc is Lotus Cars Ltd, which has two operating divisions -

Lotus Engineering and Lotus Cars. Lotus Engineering is an internationally recognised automotive

engineering consultancy based in Norfolk, UK. Global facilities include those in Michigan (USA), Kuala

Lumpur (Malaysia), Shanghai (China) and offices in Germany and Japan, with rapid expansion in new

territories such as South East Asia and the Gulf States.

Lotus Engineering provides comprehensive and versatile consultancy services to many of the world's

OEMs and Tier 1 suppliers, offering a full engineering service from initial concept and project design

through development and integration of the complete vehicle to meet all worldwide markets and

customers to full production. This includes third party 'niche vehicle' engineering and manufacture

worldwide.

Lotus Cars builds world class, prestige, high performance sports cars for sale in 37 countries. These

include the iconic Lotus Elise, and the Exige and Europa. Lotus is a global high-tech company,

expanding rapidly and committed to driving forward technology for both Lotus Cars and its Engineering

clients, spearheading research into such areas as hybrids, electric vehicles and renewable fuels.

About Spyker Cars N.V.

Spyker Cars is a public limited liability company incorporated under the laws of the Netherlands with its

statutory seat in Zeewolde, the Netherlands. The Company is listed at the Amsterdam stock exchange

since 27 May 2004.

Under the Spyker brand the Company operates a GT race team and designs, engineers, manufactures,

markets and distributes high-end sports cars and aims to do so in the near future for super sports utility

vehicles.

The Company pursues brand recognition by engagement in active racing in the international race arena

and through marketing of personal luxury items, supporting the overall brand image. The Company's

distribution network includes high-end multi franchised dealers and dedicated Spyker dealerships in

selected markets.