D'IETEREN AUTO AVIS EUROPE BELRON

14 2010 KEY EVENTSD’IETEREN ANNUAL REPORT 2010A volcanic ash cloud strikes theEuropean skies and leads to flightcancellations in many countries.Avis Europe reacts to this situationenergetically by proposing flexiblesolutions to enable passengersto reach their destination.January 2010:MOTOR SHOW OF THERECOVERYApril 2010:A CAPRICIOUS VOLCANOMay 2010:BOLSTERED FAMILY TIESJune 2010:SUCCESSFUL REFINANCINGAvis Europe announces a RightsIssue to raise 150 million GBP, netof expenses, to which D’Ieteren,shareholder at 59.6%, subscribesto the full amount of its share,equating to 111 million EUR. Inconjunction with the Rights Issue,Avis Europe agrees a new bankrevolving credit facility for EUR 375million with a 3-year maturity and a1-year extension option exercisableat the lenders’ discretion.As every year, D’Ieteren Auto takespart in the Brussels Motor Show.This one has a special flavourthough, since it gives a boost tothe recovery of the automobilemarket, after a negative 2009.In view of the potential valueenhancement of maintainingthe founding family anchor inBelron long term, D’Ieteren offersthe family holding companyof Belron’s CEO, a member ofthe founding family, to acquire1% of the company’s equity.Existing shareholder agreementsare also extended to 2024.