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ARDEN INTERNATIONAL MOTORSPORT AND HWA RACELAB LAUNCH FORMULA 2 PARTNERSHIP

Jan 21, 2019

Following the recently announced team entry into Formula 3, HWA RACELAB is now extending its involvement to another highly competitive international championship.

Formula 2 races, like those of Formula 3, take place as support events to Formula 1 and represent key steps within the FIA Formula Pyramid for the development of young driving talents aspiring to compete successfully at the highest levels of motorsport.

Arden International Motorsport has competed in Formula 2, formerly known as the GP2 Series, since 2005. Twelve former Arden drivers have progressed to Formula 1, 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 brings together one of the most successful driver development teams in international single-seater racing and the most successful team in DTM history.

HWA RACELAB Team Principal Ulrich Fritz commented:

"We are very pleased about the cooperation with Arden International, which represents an important step forward for us as a team. Beyond the exciting sporting challenge, this partnership allows us to leverage synergies and demonstrate our 360° motorsport expertise. The FIA Formula 2 Championship is an extremely exciting and highly competitive platform. As newcomers to this championship, our primary goal is to learn as much as possible and contribute to Arden’s success through our engineering expertise. Our Formula 2 involvement is an ideal addition to our broad motorsport portfolio, which now ranges from Formula 3 to Formula E and from GT racing to DTM."

Arden International Motorsport Team Principal Garry Horner added:

"We are delighted to announce our new engineering and technology partnership with HWA RACELAB. HWA brings significant technical expertise and knowledge to the program, and we look forward to working together in the FIA Formula 2 Championship."

About HWA AG

HWA AG is an independent 360° engineering specialist in the fields of motorsport and high-performance vehicles. Founded in 1998 by Hans Werner Aufrecht, the company is headquartered in Affalterbach, Germany, and employs around 300 highly qualified professionals.

All products and services of HWA AG are guided by the principle ENGINEERING SPEED. The company’s mission is to develop the highest-quality and most effective solutions to help its partners and customers achieve their goals faster. The service portfolio ranges from the design and engineering of all vehicle components to the development and production of complete vehicles, complemented by logistics, aftersales and support services.

About HWA RACELAB

HWA RACELAB is HWA AG’s motorsport operations team. It brings together experienced specialists in top-level racing engineering and the associated services required for successful motorsport operations.

Since the 2018/19 season, HWA RACELAB has competed as a new team in Formula E, expanding HWA’s trackside expertise into a future-oriented field of motorsport. In addition, HWA RACELAB entered the new FIA Formula 3 Championship in 2019.

With 11 drivers’ titles and more than 180 race victories as Mercedes-AMG’s DTM operating team, HWA RACELAB ranks among the most successful organizations in international motorsport.

The team also benefits from HWA’s broader expertise, including the development, production and support of GT customer racing vehicles and the manufacturing of Formula 3 racing engines.

About Arden International Motorsport

Arden International Motorsport was founded in early 1997 to compete in the FIA Formula 3000 Championship.

Over the past decade, Arden has expanded its racing activities to include the FIA Formula 2 Championship, GP3 Series, Formula Renault 3.5 V8 Championship, Formula Renault 2.0 Eurocup and the British FIA F4 Championship.

In 2018, Arden also entered the sports car racing sector and operates R-Motorsport’s Aston Martin program in the Blancpain GT Series.

Contact

Investor Relations / Press

HWA AG

Volker Glaser

Benzstraße 8

71563 Affalterbach

Germany

Phone: +49 (0) 7144 8717-279

Fax: +49 (0) 7144 8718-111

E-mail: ir@hwaag.com

www.hwaag.com