ARDEN INTERNATIONAL MOTORSPORT AND HWA RACELAB TO INITIATE FORMULA 2 CO-OPERATION

Affalterbach, 21st January 2019 – The motorsport experts from Affalterbach are set to co-operate with the well-established Arden International Motorsport team in the forthcoming 2019 FIA Formula 2 Championship season.

After the recent announcement that they will be running a Formula 3 team, HWA RACELAB is now set to be involved in another top-level championship.

As with Formula 3, Formula 2 races form part of the support programme at Formula 1 events and stand as important levels within the "FIA Formula pyramid” that supports the development of talented young drivers seeking to participate and succeed at the very highest level of the sport. Arden International Motorsport has competed in F2, previously called GP2, since the championship began in 2005. Twelve drivers whom have raced for Arden have subsequently joined the F1 grid, including current F1 drivers Pierre Gasly (Red Bull), Daniil Kvyat (Toro Rosso), Carlos Sainz (McLaren) and Sergio Perez (Racing Point).

The partnership between Arden International and HWA RACELAB, therefore, brings together one of the most successful talent factories in International single-seater racing with the most successful team in the history of the DTM.

HWA RACELAB team principal Ulrich Fritz: “We are very pleased about this co-operation with Arden International, which is an important step for us as a team. It does not just represent a sporting challenge, but also allows us to utilise synergies and demonstrate our expertise in all areas of motorsport. The FIA Formula 2 Championship is an extremely exciting and competitive platform. As newcomers to this championship, our primary aim is to learn as much as possible, apply our engineering know-how and contribute to the success of Arden. An involvement in Formula 2 is an ideal addition to our wide spectrum of motorsport commitments, which now ranges from Formula 3 to Formula E, and from GT racing to the DTM.”

Arden International Motorsport team principal, Garry Horner: "We are delighted to announce our new engineering and technical partnership with HWA RACELAB. HWA bring a wealth of engineering expertise and knowledge to the programme and we look forward to working with them in the FIA F2 Championship."

About HWA AG
HWA AG is an independent, 360° engineering specialist in the fields of automobile racing and high-performance cars. Formed in 1998 by Hans Werner Aufrecht, the company is based in Affalterbach (Germany) and employs roughly 300 highly-qualified members of staff. HWA AG offers all its products and services under the motto ENGINEERING SPEED: The company’s objective is to develop the best possible, high-quality solutions, in order to get its partners and customers to their destination quicker. The portfolio of services ranges from designing all vehicle components to assembling complete cars, together with the relevant logistics, after-sales and support services.

About HWA RACELAB
HWA RACELAB is HWA AG’s operations team in motorsport. It brings together experienced specialists in high-quality race engineering and the associated services, in pursuit of success on the motorsport scene. HWA RACELAB will enter Formula E as a new team in the 2018/19 season, adding a future-oriented string to HWA’s wealth of racetrack expertise. Furthermore, HWA RACELAB will race in the new, international FIA Formula 3 championship in 2019. With eleven Drivers’ titles and over 180 race wins as a works team for Mercedes-AMG in the DTM, the company is one of the most successful players in international motorsport. HWA RACELAB also draws on the company’s other core areas of expertise, such as the development, assembly and running of GT cars for customer racing, as well as the assembly of Formula 3 race engines.

About Arden International Motorsport
Arden International Motorsport was created at the beginning of 1997 in order to contest the FIA Formula 3000 Championship. Arden has, over the last ten years expanded its race operations to include participation in the FIA Formula 2 Championship, GP3 Series, Formula Renault 3.5 V8 Championship, Formula Renault 2.0 Eurocup and FIA British F4 Championships. In 2018, Arden also entered sports car racing and runs R-Motorsport‘s Aston Martin programme in the Blancpain GT Series.

Investor Relations
HWA AG
Volker Glaser
Benzstrasse 8
D-71563 Affalterbach
Phone: + 49/ (0) 7144/ 8717- 279
Fax: + 49/ (0) 7144/ 8718- 111
ir@hwaag.com
www.hwaag.com