RENAULT : RENAULT : FIRST-HALF 2013 FINANCIAL RESULTS

            RENAULT : RENAULT : FIRST-HALF 2013 FINANCIAL RESULTS

                                                                 July 26, 2013


                      FIRST-HALF 2013 FINANCIAL RESULTS

 With the launch of successful models and controlled costs, Renault posted an
    operating margin of €583 million in the first half of 2013 despite the
                       uncertain economic environment.

  oGroup revenues of 20,441million, down 0.9% on first-half 2012.
  oGroup operating margin of €583million (2.9% of revenues), compared with
    €508 million^[1] (2.5% of revenues) in the first half of 2012.
  oGroup operating income at a negative €249 million in the first half of
    2013 (compared with a positive €545million in the first half of 2012),
    after recognizing other operating income and expense items, amounting to a
    negative €832 million. In particular, the Group recorded a provision of
    €512 million which covers its entire exposure in Iran.
  oNet income of €97 million, compared with €774 million in the first half of
    2012.
  oAutomotive operational free cash flow slightly negative at €31 million.
  oAutomotive net cash position of €732million at end-June 2013.
  oGroup registrations of 1.3million units (down 1.9% on first-half 2012).
    International^[2] growth was not sufficient to offset the continued
    weakness of sales in Europe, and France in particular.

Commenting on the results, Carlos Ghosn, Chairman and Chief Executive  Officer 
of Renault, said: "In a difficult environment, the success of new models, cost
controls and the commitment of all the teams enabled the Renault group to post
a positive operating margin for the Automotive in the first half year. We  are 
on track to achieve the objectives we announced for 2013."

Group revenues came to €20,441 million in  the first half of 2013, down  0.9%. 
Continued international growth was  not sufficient to  offset the weakness  of 
the European market.
The Automotive division contributed €19,383 million to revenues, down 0.9%  on 
first-half 2012, mainly due  to a negative currency  effect and a decrease  in 
registrations. The  drop in  registrations  was lessened  by the  increase  in 
independent dealer inventories.
The Group saw a positive product-mix effect, stemming notably from the  launch 
of new vehicles, and a  positive price effect. The  Group is pursuing with  it 
strict pricing policy in order to improve  the value of the Renault brand  and 
offset the weakness of certain currencies.

Group operating  margin  came to  €583  million in  the  first half  of  2013, 
compared with €508 million1 in the first half of 2012, and accounted for  2.9% 
of revenues, compared with 2.5% in the first half of 2012.
The Automotive division  posted a  positive operating margin  of €211  million 
(1.1% of revenues), up €95 million compared to the first half of 2012. Despite
negative volume and  currency effects,  the Group benefited  from its  pricing 
policy and cost controls.

Sales Financing contributed €372 million  to Group operating margin,  compared 
with €392 million1 in the first half of 2012. The €20 million decrease was due
to an unfavorable currency effect in Brazil and a slight rise in  distribution 
costs while the  cost of risk  improved to 0.40%  of average performing  loans 
(versus 0.44% in the first half of 2012).

Other operating income and expense items came to -€832 million, mainly due  to 
a provision of €512 million which covers the Group's entire exposure to  Iran; 
to €227 million in impairment charges  for certain vehicle programs, and  €173 
million in restructuring costs related to the competitiveness agreement signed
in France. Operating income came to -€249 million, compared with €545  million 
in the first half of 2012.

The contribution of associated companies, mainly Nissan, came to €749  million 
in the first half of 2013.

Net income came  to €97 million  while net  income, Group share,  came to  €39 
million (€0.14 per share compared with €2.70^3in the first half of 2012).

Automotive operational free cash  flow was slightly  negative at €31  million, 
including €138  million  increase in  the  working capital  requirement  since 
December 31, 2012. Total inventory represented 67 days of sales compared  with 
65 at end-December 2012.

The Automotive division's net cash position  came to €732 million on June  30, 
2013, down €800 million since December 31, 2012.
RCI Banque continued to diversify  its refinancing through its retail  savings 
account business, with net collected  savings totaling €2.6 billion in  France 
and Germany at the end of June 2013.

2013 OUTLOOK

The environment  is  more challenging  than  expected, especially  in  France. 
However, thanks to the success of its new models and cost controls, the  Group 
remains on track to achieve its full year guidance (provided that there is  no 
further deterioration of the market conditions):

  ohigher Group registrations worldwide,
  opositive Automotive operating margin,
  opositive Automotive operational free cash flow.

        Renault consolidated first-half results

€ million                                H1 2013   H1 2012     H1 2012
                                                 Restated^[3] Published
Group revenues                            20,441       20,622    20,935
Operating margin                             583          508       482
% of revenues                               2.9%         2.5%      2.3%
Other operating income and expense items    -832           37        37
Operating income                            -249          545       519
Net financial income                        -139         -154      -127
Contribution from associated companies:      749          619       630
o/w Nissan                                766          553       564
 Volvo                                -           68        68
AVTOVAZ                                      -10            4         4
Current and deferred taxes                  -264         -236      -236
Net income                                    97          774       786
Net income Group share                        39          734       746
Automotive operational Free Cash Flow        -31         -207      -200

ADDITIONAL INFORMATION

The consolidated financial statements of the Renault group at June 30, 2013
were approved by the Board of Directors on July 25, 2013. The Group's
statutory auditors have conducted a limited review of these financial
statements and their report will be issued shortly. The financial report, with
a complete analysis of the financial results in the first half of 2013, is
available at www.renault.com in the Finance section.

Press contact: Renault Press, Hélène Mazier +33 (0)1 76 84 39
59
Websites: www.media.renault.com - www.renault.com

-------------------------

[1]The restatements resulting from retrospective application of IFRS 11 "Joint
Arrangements" and IAS 19 (revised) "Employee benefits" are presented in note
2-B.

[2]International: Americas, Asia-Pacific, Euromed-Africa and Eurasia.

[3]The restatements resulting from retrospective application of IFRS 11 "Joint
Arrangements" and IAS 19 (revised) "Employee benefits" are presented in note
2-B.

First Half 2013 Financial Results

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