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VYNAMIC GMBH, THE JOINT VENTURE OF AF RACING AG AND HWA AG

Feb 15, 2019

Niederwil/Affalterbach – Vynamic GmbH, the joint venture between AF Racing AG and HWA AG, develops and builds the Aston Martin Vantage DTM race cars that are campaigned by R-Motorsport. R-Motorsport is Aston Martin’s exclusive licensed team in the DTM and represents the British luxury sports car manufacturer in the prestigious touring car championship.

Vynamic GmbH is headquartered in Affalterbach, Germany. The joint venture combines the expertise of both partners: AF Racing AG contributes its excellent access to the target market and customer base, while HWA AG specializes in the development, operation and production of race cars and low-volume vehicle series, as well as the associated support services.

The primary objective of Vynamic is to establish a strategic innovation partnership for development projects in motorsport and the automotive sector. Vynamic will be responsible for the development and production of race cars, particularly DTM vehicles, as well as low-volume production of high-performance road cars. By combining the expertise of both partners, the sporting goal is to compete successfully in the DTM championship in 2019.

Dr. Florian Kamelger, co-owner of AF Racing AG, Team Principal of R-Motorsport and Managing Director of Vynamic GmbH, commented:

"With the founding of Vynamic, we have taken another important step in the development of our group of companies. Our aim is to ensure that we achieve our primary objective of establishing ourselves internationally at the highest level of motorsport as quickly as possible. It is equally important for us to demonstrate our competitiveness and innovative strength in the development and production of low-volume vehicles within the automotive sector through sporting success."

Ulrich Fritz, CEO of HWA AG, said:

"The market environment for HWA AG, and international motorsport in particular, is currently evolving rapidly. HWA AG’s decades of experience in international motorsport, combined with AF Racing AG’s expertise in the distribution of exclusive vehicles, creates significant potential that we intend to unlock through the establishment of our joint venture, Vynamic GmbH."

Stephan Pathenschneider, Managing Director of Vynamic GmbH, added:

"In line with the motto ‘Performance, Created by Passion’ of the newly established company, Vynamic GmbH will initially be responsible for the brand-appropriate implementation of R-Motorsport’s DTM project with the Aston Martin Vantage DTM. In the future, our activities will increasingly focus on the development and execution of tailor-made project solutions in the field of road-legal low-volume vehicles. I am convinced that the creation of Vynamic GmbH is the first step toward a successful partnership between AF Racing AG and HWA AG."

About AF Racing AG

R-Motorsport is the motorsport brand of AF Racing AG, one of the strategic partners in the Aston Martin Valkyrie hypercar project alongside Aston Martin Lagonda Ltd. and Red Bull Technologies.

R-Motorsport is also the motorsport division of Aston Martin St. Gallen, the only exclusive Aston Martin dealer in Switzerland. The team forms part of a group of companies owned by Dr. Andreas Baenziger and Dr. Florian Kamelger, with Dr. Kamelger also serving as Team Principal.

“Emotion, Passion, Vision” is the guiding philosophy of AF Racing AG. To date, R-Motorsport has primarily competed in international GT racing, fielding Aston Martin Vantage V12 GT3 race cars with considerable success, mainly in the Blancpain GT Series Endurance Cup.

The young motorsport organization first attracted widespread attention by winning the three-hour race at Silverstone in only its second-ever race. The team also achieved three consecutive pole positions, setting a new record in the highly competitive GT racing series.

About HWA AG

HWA AG is an independent 360-degree 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.

Contact:

Wolfgang Schattling

Head of Media and Customer Relations, R-Motorsport

E-mail: press@vynamic-performance.com

Mobile: +49 160 920 087 80

Volker Glaser

Investor Relations / Press, HWA AG

E-mail: press@vynamic-performance.com

Phone: +49 (0) 7144 8717-279