Press Information

20 October 2011

Revolutionizing Mobility: car2go and Europcar extend Partnership Europe-wide

• New Joint-venture to launch car2go in European Cities

• Five European cities served before year-end

• Company will be located in Stuttgart with a car2go majority stake

Ulm/Guyancourt - car2go GmbH, a wholly-owned subsidiary of Daimler AG, together with Europcar, the leader in car rental services in Europe, will create a new joint-venture to accelerate and extend their innovative partnership Europe- wide. The new company is called "car2go Europe GmbH" and will enable the two partners to bring the unique car2go mobility service to millions of drivers throughout Europe. Daimler's car2go GmbH will be the majority shareholder in this new company.

"Similar to the initial car2go Hamburg joint-venture, founded last October, the new company is built around a balanced cooperation between the same two strong partners," said Robert Henrich, CEO of car2go GmbH. "car2go Europe will be able to swiftly launch large-scale rollouts and strengthen our first mover advantage as the world's first free-floating, one-way carsharing service."

Headquartered in Stuttgart, car2go Europe GmbH will be a limited liability company owned 75% by car2go GmbH of Ulm, Germany and 25% by Europcar of Guyancourt, France. Branches and subsidiaries of car2go Europe GmbH will be established throughout Europe as operating companies.

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car2go Europe plans to rollout car2go services in 40 to 50 European cities, and will announce shortly the fifth European city to be launched by year end. The resources benefiting the new company include access to car2go technology and know-how, the "car2go" and "Europcar" brands, Daimler's vehicle-related services and Europcar's car rental know-how and infrastructure.

The launch of car2go in the French city of Lyon early 2012 will be the first under the responsibility of car2go Europe GmbH. Existing European car2go operations, including those in Hamburg, will be integrated into the new company, with the exception of those in Ulm, which will continue to serve as a long-term test location.

The partnership offers both partners far-reaching advantages: car2go can benefit from Europcar's vast expertise in terms of fleet management and logistics as well as using its partner's extensive network of branches to offer customers further places to register for the scheme alongside its own car2go shop.

The CEO of Europcar Groupe, Philippe Guillemot, commented: "car2go sees us expanding our range of mobility services to include a highly innovative element. Europcar has been offering individual-mobility solutions for more than eighty years and has always anticipated changes in mobility behaviour at an early stage. Now, together with Daimler, we are providing innovative urban mobility solutions to serve current and future needs and reach new categories of customers. The partnership generates synergies for both partners and offers a wide choice of mobility options for practically any occasion."

The innovative mobility concept car2go was developed by Daimler AG in 2008. Today, with a total of more than 45,000 members and 1,100 vehicles worldwide, car2go has proven success in four cities: Ulm and Hamburg in Germany, the Texan capital Austin in the US and Vancouver in Canada. Three other cities are announced yet: Lyon (France), Amsterdam (Netherlands) and San Diego (USA). In Amsterdam and San Diego car2go will start operations before the end of 2011 with full-electric fleets of 300 car2go smart fortwo electric drive vehicles in each city. Since the first launch in the southern German city of Ulm in March 2009, more than 900,000 trips have been made and approximately 9 million kilometres have been covered.

Contacts:

car2go GmbH Andreas Leo

+49 (0) 731 505 6821

andreas.leo@daimler.com

Europcar International

Marine Boulot

+33 (0)1 30 44 94 30 marine.boulot@europcar.com

Daimler AG Eva Wiese

+40 (0) 0711 17 92311 eva.wiese@daimler.com

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Further information from car2go, Daimler and Europcar is available online:

www.car2go.com www.media.daimler.com www.europcar.com
About car2go
A subsidiary of Daimler, car2go is an innovative mobility solution redefining individual transportation in rapidly growing urban areas by offering a fleet of several hundred environment-friendly smart fortwo vehicles for rent. It provides an innovative mode of "on-demand" transportation which compliments existing public transportation alternatives by bridging the gaps commonly associated with the "first
and last mile" of a public transit commute.
car2go is currently operational in four cities: Ulm and Hamburg in Germany, Austin, Texas (USA) and
Vancouver in Canada. Unlike traditional carsharing programs or car rental companies, car2go is not station-based. car2go vehicles are located throughout the city and can be accessed "on-demand" without booking in advance. The members may use the vehicle for as long as they like, without committing to a specific return time or return location. Charges are based on minutes used and include fuel, insurance, parking and maintenance.
About Daimler
The company's founders, Gottlieb Daimler and Carl Benz, made history with the invention of the automobile in the year 1886. 125 years later, in the anniversary year 2011, Daimler AG is one of the world's most successful automotive companies. With its divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services, the Daimler Group is one of the biggest producers of premium cars and the world's biggest manufacturer of commercial vehicles with a global reach. Daimler Financial Services provides its customers with a full range of automotive financial services including financing, leasing, insurance and fleet management. As an automotive pioneer, Daimler continues to shape the future of mobility: the Group applies innovative and green technologies to produce safe and superior vehicles which fascinate and delight its customers. With the development of alternative drive systems, Daimler is the only vehicle producer
investing in hybrid drive, electric motors and fuel-cell systems, with the goal of achieving emission-free mobility in the long term. This is just one example of how Daimler willingly accepts the challenge of meeting its responsibility towards society and the environment. Daimler sells its products in nearly all the countries of the world and has production facilities on five continents. Its current brand portfolio includes, in addition to the world's most valuable automotive brand, Mercedes-Benz, the brands smart, Maybach, Freightliner, Western Star, BharatBenz, Fuso, Setra, Orion and Thomas Built Buses. The company is listed on the stock exchanges in Frankfurt and Stuttgart (stock exchange abbreviation
DAI). In 2010, the Group sold 1.9 million vehicles and employed a workforce of over 260,000 people;
revenue totaled 97.8 billion and EBIT amounted to 7.3 billion.
About Europcar
Europcar is the leading vehicle rental company in Europe, providing car mobility to 6 million customers. Through its franchisees and partners in over 150 countries, Europcar gives access to the
#1 network in car rental. Europcar brand portfolio generated revenue of c.€3.1 billion including c.€2.0 billion Europcar group revenue. Supported by 6,600 dedicated staff and with long-standing local presence, Europcar facilitates the mobile lives of its customers around the world, offering them customized and innovative car mobility solutions. Europcar is a subsidiary of Eurazeo.