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Spyker N.V. : Spyker N.V. : SPYKER AND YOUNGMAN COMPLETE TRANSACTION BASED ON THE SHARE SUBSCRIPTION AGREEMENT, SIGNED 6

Spyker N.V. : Spyker N.V. : SPYKER AND YOUNGMAN COMPLETE TRANSACTION BASED ON
           THE SHARE SUBSCRIPTION AGREEMENT, SIGNED 6 DECEMBER 2012

Zeewolde, the Netherlands, 28 June 2013 - Spyker N.V. ("Spyker") announces
that, based on the subscription agreement including accessory agreements (the
"Transaction") that were signed 6 December 2012 and to the full satisfaction
of both parties, it has completed the transaction with the Chinese car
manufacturer Zhejiang Youngman Passenger Car Group Co, Ltd ("Youngman") today.

The Transaction inter alia entailed the following transactions:

  *Youngman has invested Euro 10,000,000 in Spyker of which Euro 6,991,980 as
    subscription for 1,398,396 Class A shares in Spyker constituting 29.9% of
    the issued and outstanding share capital of Spyker on a fully diluted
    basis.
  *The remaining payment of Euro 3,008,020 has been provided to Spyker in the
    form of a convertible loan which bears an interest of 2.5% per annum. The
    convertible loan does not have a maturity date and may only be discharged
    by conversion into shares.
  *Youngman and Spyker have established a Joint Venture called Spyker P2P
    B.V. ("Spyker P2P") in which Youngman holds 75% of the shares and Spyker
    25%. Youngman agreed to make a cash contribution in the amount of Euro
    25,000,000 whilst Spyker has made its contribution by transferring the
    technology it developed for the Spyker D8 Peking-to-Paris ("SSUV").
    Youngman's contribution shall be paid in instalments in accordance with
    the development and manufacturing plan of the SSUV.
  *Youngman and Spyker also have jointly incorporated a second Joint Venture
    called Spyker Phoenix B.V. ("Spyker Phoenix") in which Youngman holds 80%
    of the shares whilst Spyker holds 20%. Spyker Phoenix, which shall be
    entirely funded by Youngman, shall develop and manufacture a new full
    range of car models based on the Phoenix platform to which Youngman
    acquired a license from Saab Automobile AB in 2011.
  *Spyker moreover transferred all of its trademarks to a Joint Venture
    called Spyker Trademark Company B.V. ("Spyker Trademark"), in which
    Youngman holds 75% of the shares whilst Spyker holds 25% of the shares.
    Spyker Trademark granted a licence to Spyker, SpykerP2P and Spyker Phoenix
    for the use of the Spyker trademark.
  *Youngman meanwhile used its right to nominate 1/3 of Spyker's supervisory
    board. On the EGMS of 21 December 2012 Mr. Qingnian Pang was appointed as
    member of the supervisory board of Spyker.



                          **************************


Notes for Editors, not for publication
Contact:
Sander van Dijk
Spyker Marketing and Communications Manager
sander.van.dijk@spykercars.com
Cell: +31 6 123 86 754
Spyker N.V. | Edisonweg 2 | 3899 AZ Zeewolde | The Netherlands | T: +31 36 535
8787|
info@spykercars.com | www.spykercars.com | twitter.com/spykercars |
facebook.com/spykercars
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bit.ly/spykernews


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Source: Spyker N.V. via Thomson Reuters ONE
HUG#1713012