COBRA Automotive Technologies S.p.A. Autonostop sale completed Varese, 6 September 2013 - Cobra Automotive Technologies S.p.A. announces that the subsidiary Cobra Italia S.p.A. today completed the sale of 100% of Autonostop s.r.l. (engaged in the management of courtesy vehicles) to GILUCAST S.r.l. controlled by Ludovico Maggiore.

The sale of Autonostop was completed in accordance with the preliminary agreement between the parties signed 3 July 2013 (communicated on 3 July 2013) that anticipated completion by 13 September 2013.

The purchase price is calculated on the Autonostop results in the next years based on the following formula: Average EBITDA 2015/2016 (Autonostop results in 2015 and 2016) x 3,4, with a floor of €

1,000,000 and a cap of € 4,000,000.

The purchaser paid a first installment of € 500,000 and will pay another € 500,000 within 8 months of the closing. Any additional purchase price calculated in accordance with the formula will be paid by 31

December 2017.

The sale of Autonostop s.r.l. is part of the process began in 2012 to simplify the Cobra Group to focus on the core business.

Cobra Automotive Technologies SpA Via Astico, 41

21100 Varese Italia
Tel. +39 0332.825111
Fax +39 0332.222005
C.F./P.IVA 00407590124
Cap. Soc. € 11.647.352,52 i.v.
© 2013 Cobra Automotive Technologies SpA, All rights reserved www.cobra-at.com

Company contacts: Cobra Automotive Technologies S.p.A. Alessandro Pagliara Investor Relations

Tel: +39 0332 825111
e-mail: ir@cobra-at.com www.cobra-at.com

Silvia Di Rosa

CDR Communication srl cell: +39 3357864209
e-mail: silvia.dirosa@cdr-communication.it

Cobra Automotive Technologies, based in Italy, is a leading international group providing worldwide user-friendly vehicle-centric solutions, integrating automotive services and advanced technologies that enhance security and vehicle management, thus helping to manage risks and costs associated to vehicles. Cobra operates through two business units. Cobra Services, for the supply of services and the development of telematics infrastructure and Cobra Electronic Systems focused on the design, development, manufacturing and distribution of electronic systems and components. Cobra Services has direct operations in Brazil, Italy, France, Germany, Spain, Switzerland and in the UK. In Malesia, Russia and South Africa has strong relationships with regional market leaders. Cobra Electronic Systems has direct operations in Italy, China, Japan and South Korea. Cobra operates internationally through distributors, licensees and national service providers. Around the globe it is represented by

40 partners providing Cobra products and solutions. Cobra provides telematic services at a pan-European level to Audi, Bentley, Ducati, Ferrari, Gruppo Piaggio, Infiniti, Lamborghini, Maserati, Mc Laren, Mercedes-benz Trucks, Nissan, Porsche, Renault and Tesla. In Europe, Service Operation Centers assist customers in 36 countries. In Italy and Spain Cobra offers services for the management of large fleets. Since 2007,
Cobra delivers telematic services to insurance companies to offer innovative Usage Based Insurance policies based on vehicle usage, the so-
called Pay Per Use and Pay as You Drive. Cobra Electronic System is a Tier One partner to the main European and Asian car, trucks and motorcycle manufacturers, including Kia, Hyundai, Toyota, Honda , Renault, Nissan, Volvo, Volkswagen Group for which it develops bespoke solutions for both factory and aftermarket installation: antitheft, parking assistance and telematic systems. Cobra's design and development activities are managed by a multisite engineering team based in Italy, Japan and South Korea, whilst assembly and manufacturing facilities are located in Italy and China. Cobra was listed on the Milan Stock Exchange on December 12, 2006.

© 2013 Cobra Automotive Technologies SpA, All rights reserved

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