Obbligazione RCI Finance 0% ( XS0221982209 ) in EUR

RCI Finance

100 EUR ⇌

Francia

XS0221982209 ( in EUR )

21/06/2012 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione RCI BANQUE XS0221982209 in EUR 0%, scaduta

RCI Banque è la filiale finanziaria del gruppo Renault specializzata nel finanziamento di veicoli e servizi finanziari connessi.

L'obbligazione con codice ISIN XS0221982209 emessa da RCI BANQUE in Francia, denominata in EUR, con tasso di interesse 0%, scadenza 21/06/2012 e frequenza di pagamento 1, è giunta a scadenza ed è stata rimborsata al 100% del valore nominale.

BASE PROSPECTUS

RCI BANQUE
(incorporated in France as a "société anonyme")

12,000,000,000
Euro Medium Term Note Programme
Under this 12,000,000,000 Euro Medium Term Note Programme (the Programme) RCI Banque (the Issuer or RCI Banque)
may from time to time issue Notes in bearer form (the Notes, which expression shall include Senior Notes and Subordinated Notes
(each as defined below)).
Subject as set out herein, the Notes will not be subject to any minimum or maximum maturity. The maximum aggregate nominal
amount of all Notes from time to time outstanding will not exceed 12,000,000,000 (or its equivalent in other currencies calculated
as described herein) or such greater amount as is agreed between the parties to the amended and restated programme agreement
dated 28 August 2013 (the Programme Agreement which expression includes the same as it may be updated or supplemented
from time to time).
The Notes will be issued to one or more of the Dealers specified herein and any additional Dealer appointed under the Programme
from time to time (each a Dealer and together the Dealers) which appointment may be for a specific issue or on a continuing basis.
References in this Base Prospectus to the relevant Dealer shall, in the case of an issue of Notes being (or intended to be)
subscribed by more than one Dealer, be to all Dealers agreeing to purchase such Notes.
Application has been made to the Commission de surveillance du secteur financier (the CSSF), which is the Luxembourg
competent authority for the purpose of the Directive 2003/71/EC of the European Parliament and of the Council of 4 November
2003 (as amended by Directive 2010/73/EU) (the Prospectus Directive) and relevant implementing measures in Luxembourg for
approval of this Base Prospectus as a base prospectus issued in compliance with the Prospectus Directive and the loi relative aux
prospectus pour valeurs mobilières du 10 juillet 2005 (the Luxembourg law on prospectuses for securities of 10 July 2005), as
amended by the Luxembourg law of 3 July 2012 (the "Luxembourg Prospectus Law") for the purpose of giving information with
regard to the issue of the Notes under the Programme described in this Base Prospectus during the period of twelve months after the
date hereof. The CSSF assumes no responsibility as to the economic and financial soundness of the transaction and the quality or
solvency of the Issuer in line with the provisions of article 7(7) of the Luxembourg Prospectus Law.
Application has been made to the Luxembourg Stock Exchange, which is a regulated market for the purposes of Directive
2004/39/EC for Notes issued under the Programme to be admitted to the official list and traded on the regulated market of the
Luxembourg Stock Exchange during a period of twelve months after the date of this Base Prospectus.
Notice of the aggregate nominal amount of Notes, interest (if any) payable in respect of Notes, the issue price of Notes and any
other terms and conditions not contained herein which are applicable to each Tranche (as defined under "Terms and Conditions of
the Notes") of Notes will be set out in final terms (the Final Terms).
The Programme provides that Notes may be listed or admitted to trading, as the case may be, on such other or further stock
exchange(s) or markets as may be agreed between the Issuer and the relevant Dealer(s) in relation to each issue. The Issuer may
also issue unlisted Notes and/or Notes not admitted to trading on any market.
Tranches of Notes issued under the Programme may be rated or unrated. Where a Tranche of Notes is rated, such rating will not
necessarily be the same as the rating(s) assigned to the Programme. A security rating is not a recommendation to buy, sell or hold
securities and may be subject to suspension, change or withdrawal at any time by the assigning rating agency.
The Notes of each issue will initially be represented by a temporary global Note which will be exchanged for a permanent global
Note or definitive Notes upon certification as to non-U.S. beneficial ownership as required by U.S. Treasury regulations. Each
permanent global Note may be exchanged in whole but not in part for definitive Notes, all as further described in "Form of the
Notes" herein. Each global Note will, if not intended to be issued in NGN form (as defined below) as specified in the applicable
Final Terms, be deposited on or around the relevant Issue Date with a depositary or a common depositary for Euroclear (as defined
below) and/or Clearstream, Luxembourg (as defined below). Each global Note which is intended to be issued in NGN form, as
specified in the applicable Final Terms, will be deposited on or around the relevant issue date with a common safe-keeper for
Euroclear and/or Clearstream Luxembourg.
The Issuer may agree with any Dealer and the Agent (as defined below) that Notes may be issued in a form not contemplated by the
Terms and Conditions of the Notes herein, in which event a supplement to the Base Prospectus, if appropriate, will be made
available which will describe the effect of the agreement reached in relation to such Notes.
The Programme is, as of the date of this Base Prospectus, rated Baa3 in respect of Notes with a maturity of more than one year,
Prime-3 in respect of Notes with a maturity of one year or less and Ba1 in respect of Subordinated Notes with a maturity of more
than one year Tier II by Moody's Investors Service Ltd., BBB (negative outlook) in respect of Notes with a maturity of more than
one year, A2 in respect of Notes with a maturity of one year or less and BB+ in respect of Subordinated Notes (lower Tier II) by
Standard & Poor's Credit Market Services France, a Division of the McGraw-Hill Companies Inc. and BBB+ in respect of Notes
with a maturity of more than one year and a-2 in respect of Notes with a maturity of one year or less by Rating & Investment
Information Inc.
Credit ratings included or referred to in this Base Prospectus have been issued by Moody's Investors Service Ltd. and Standard &
Poor's Credit Market Services France, each of which is established in the European Union and registered under Regulation (EU) No
1060/2009 (as amended). Moody's Investors Service Ltd. and Standard & Poor's Credit Market Services France shall be displayed
on the latest update of the list of registered credit rating agencies (as of 3 June 2013) on the ESMA website
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(http://www.esma.europa.eu/page/List-registered-and-certified-CRAs). Notes issued under the Programme may be rated or
unrated. Where an issue of Notes is rated, its rating will not necessarily be the same as the rating applicable to the Programme. A
rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, change or withdrawal at any time
by the assigning rating agency.

Arranger
BNP PARIBAS

Dealers

BNP PARIBAS

HSBC
Natixis

Société Générale

Corporate & Investment Banking
The Royal Bank of Scotland

The date of this Base Prospectus is 28 August 2013
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TABLE OF CONTENTS

Page

IMPORTANT NOTICES .............................................................................................................. 2
SUMMARY OF THE PROGRAMME ......................................................................................... 6
RISK FACTORS ......................................................................................................................... 16
DOCUMENTS INCORPORATED BY REFERENCE .............................................................. 31
GENERAL DESCRIPTION OF THE PROGRAMME .............................................................. 34
FORM OF THE NOTES ............................................................................................................. 35
APPLICABLE FINAL TERMS IN CONNECTION WITH ISSUES OF NOTES WITH A
DENOMINATION OF LESS THAN EUR 100,000 ................................................................. 37
APPLICABLE FINAL TERMS IN CONNECTION WITH ISSUES OF NOTES WITH A
DENOMINATION OF AT LEAST EUR 100,000 ..................................................................... 51
TERMS AND CONDITIONS OF THE NOTES ........................................................................ 63
USE OF PROCEEDS ................................................................................................................ 100
DESCRIPTION OF RCI BANQUE AND THE RCI BANQUE GROUP ................................ 101
TAXATION .............................................................................................................................. 103
SUBSCRIPTION AND SALE .................................................................................................. 115
GENERAL INFORMATION ................................................................................................... 122

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IMPORTANT NOTICES
This Base Prospectus comprises a base prospectus (prospectus de base) as defined in the
Luxembourg Prospectus Law and for the purposes of Article 5.4 of Prospectus Directive.
The Issuer accepts responsibility for the information contained in this Base Prospectus and in
the Final Terms in respect of each issue of Notes under the Programme accordingly. To the best
of the knowledge and belief of the Issuer (who has taken all reasonable care to ensure that such
is the case) the information contained in this Base Prospectus is in accordance with the facts and
does not omit anything likely to affect the import of such information.
In addition, in the context of any offer of Notes that is not within an exemption from the
requirement to publish a prospectus under the Prospectus Directive (a Non-exempt Offer), the
Issuer accepts responsibility, in each Member State for which it has given its consent referred to
herein, for the content of this Base Prospectus in relation to any person (an Investor) to whom
an offer of any Notes is made by any financial intermediary to whom it has given its consent to
use this Base Prospectus (an Authorised Offeror, as set out in the Final Terms or on the
website of the Issuer as set out in the paragraph below), where the offer is made during the
period for which that consent is given and where the offer is made in the Member State for
which that consent was given and is in compliance with all other conditions attached to the
giving of the consent. However, neither the Issuer nor the Dealers have or take any
responsibility for any of the actions of any Authorised Offeror, including compliance by an
Authorised Offeror with applicable conduct of business rules or other applicable local
regulatory requirements or other securities law requirements in relation to such offer.
If so specified in the Final Terms in respect of any Tranche of Notes, the Issuer consents to the
use of this Base Prospectus in connection with a Non-exempt Offer of the relevant Notes during
the Offer Period specified in the relevant Final Terms (the Offer Period) either (1) in the
Member State(s) specified in the relevant Final Terms by any financial intermediary which is
authorised to make such offers under the Markets in Financial Instruments Directive (Directive
2004/39/EC) and which satisfies any conditions specified in the relevant Final Terms or (2) by
the financial intermediaries, in the relevant Member State(s) and subject to the relevant
conditions, in each case specified in the relevant Final Terms, for so long as they are authorised
to make such offers under the Markets in Financial Instruments Directive (Directive
2004/39/EC). The Issuer may give consent to additional financial intermediaries after the date
of the relevant Final Terms and, if it does so, the Issuer will publish the above information in
relation to them on http://www.rcibanque.com/financial-communication/debt-programs-and-
ratings/?lang=en. Such consent shall not extend beyond twelve months from the date of this
Base Prospectus.
Any Authorised Offeror who wishes to use this Base Prospectus in connection with a Non-
exempt Offer as set out in (1) above is required, for the duration of the relevant Offer
Period, to publish on its website that it is using this Base Prospectus (and all the existing
amendments and supplements thereto) for such Non-exempt Offer in accordance with the
consent of the Issuer and the conditions attached thereto.
To the extent specified in the relevant Final Terms, a Non-exempt Offer may be made during
the relevant Offer Period by any of the Issuer, the Dealers or any relevant Authorised Offeror in
any relevant Member State and subject to any relevant conditions, in each case all as specified
in the relevant Final Terms.
Other than as set out above, neither the Issuer nor any of the Dealers has authorised the making
of any Non-exempt Offer by any person in any circumstances and such person is not permitted
to use this Base Prospectus in connection with its offer of any Notes. Any such Non-exempt
Offers are not made on behalf of the Issuer or by any of the Dealers or Authorised Offerors and
none of the Issuer or any of the Dealers or Authorised Offerors has, or takes, any responsibility
or liability for the actions of any person making such Non-exempt Offers.
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An Investor intending to acquire or acquiring any Notes from an Authorised Offeror will
do so, and offers and sales of the Notes to an Investor by an Authorised Offeror will be
made, in accordance with any terms and other arrangements in place between such
Authorised Offeror and such Investor including as to price, allocation and settlement
arrangements (the "Terms and Conditions of the Non-exempt Offer"). The Issuer will not
be a party to any such arrangements with Investors (other than Dealers) in connection
with the offer or sale of the Notes and, accordingly, this Base Prospectus and any Final
Terms will not contain such information. The Terms and Conditions of the Non-exempt
Offer shall be published by that Authorised Offeror on its website at the relevant time.
None of the Issuer, any of the Dealers or other Authorised Offerors has any responsibility
or liability for such information.
In the case of any Tranche of Notes which are being (a) offered to the public in a Member State
(other than pursuant to one or more of the exemptions set out in Article 3.2 of the Prospectus
Directive) and/or (b) admitted to trading on a regulated market in a Member State, the relevant
Final Terms shall not amend or replace any information in this Base Prospectus. Subject to
this, to the extent permitted by applicable law and/or regulation, the Final Terms in respect of
any Tranche of Notes may supplement any information in this Base Prospectus.
Copies of this Base Prospectus and of the Final Terms will be available from registered office
of the Issuer and the specified office set out below of each of the Paying Agents
(as defined below).
This Base Prospectus is to be read in conjunction with all documents which are deemed to be
incorporated herein by reference (see "Documents Incorporated by Reference" below). This
Base Prospectus shall be read and construed on the basis that such documents are incorporated
and form part of this Base Prospectus.
The Dealers have not independently verified the information contained herein. Accordingly, no
representation, warranty or undertaking, express or implied, is made and no responsibility or
liability is accepted by the Dealers as to the accuracy or completeness of the information
contained or incorporated in this Base Prospectus or any other information provided by the
Issuer in connection with the Programme. No Dealer accepts any liability in relation to the
information contained or incorporated by reference in this Base Prospectus or any other
information provided by the Issuer in connection with the Programme.
No person is or has been authorised by the Issuer to give any information or to make any
representation not contained in or not consistent with this Base Prospectus or any other
information supplied in connection with the Programme or the Notes and, if given or made,
such information or representation must not be relied upon as having been authorised by the
Issuer or any of the Dealers.
Neither this Base Prospectus nor any other information supplied in connection with the
Programme or any Notes (a) is intended to provide the basis of any credit or other evaluation or
(b) should be considered as a recommendation by the Issuer or any of the Dealers that any
recipient of this Base Prospectus or any other information supplied in connection with the
Programme or any Notes should purchase any Notes. Each investor contemplating purchasing
any Notes should make its own independent investigation of the financial condition and affairs,
and its own appraisal of the creditworthiness, of the Issuer. Neither this Base Prospectus nor
any other information supplied in connection with the Programme or the issue of any Notes
constitutes an offer or invitation by or on behalf of the Issuer or any of Risk the Dealers to any
person to subscribe for or to purchase any Notes. See "Risk Factors" below.
Neither the delivery of this Base Prospectus nor the offering, sale or delivery of any Notes shall
in any circumstances imply that the information contained herein concerning the Issuer is
correct at any time subsequent to the date hereof or that any other information supplied in
connection with the Programme is correct as of any time subsequent to the date indicated in the
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document containing the same. The Issuer will, in the event of any significant new factor,
material mistake or inaccuracy relating to Information included in this Base Prospectus which is
capable of affecting the assessment of any Notes, prepare a supplement to this Base Prospectus
or publish a new Base Prospectus for use in connection with any subsequent issue of Notes. The
Dealers expressly do not undertake to review the financial condition or affairs of the Issuer and
its subsidiaries during the life of the Programme or to advise any investor in the Notes of any
information coming to their attention. Investors should review, inter alia, the most recently
published documents incorporated by reference into this Base Prospectus when deciding
whether or not to purchase any of the Notes.
The distribution of this Base Prospectus and the offer, distribution or sale of Notes may be
restricted by law in certain jurisdictions. Neither the Issuer nor any of the Dealers represents
that this document may be lawfully distributed, or that the Notes may be lawfully offered, in
compliance with any applicable registration or other requirements in any such jurisdiction, or
pursuant to an exemption available thereunder, or assume any responsibility for facilitating
any such distribution or offering. In particular, no action has been taken by the Issuer or the
Dealers which would permit a public offering of the Notes outside the European Economic
Area or distribution of this document in any jurisdiction where action for that p urpose is
required. Accordingly, the Notes may not be offered or sold, directly or indirectly, and neither
this Base Prospectus nor any advertisement or other offering material may be distributed or
published in any jurisdiction, except under circumstances that will result in compliance
with any applicable laws and regulations; and the Dealers have represented that all offers and
sales by them will be made on the same terms. Persons into whose possession this Base
Prospectus or any Notes come must inform themselves about, and observe, any such
restrictions. In particular, there are restrictions on the distribution of this Base Prospectus and
the offer or sale of Notes in the United States, the European Economic Area (including
the United Kingdom, Italy, The Netherlands and France), Singapore, Hong Kong, the
Peoples Republic of China (the PRC) and Japan (see "Subscription and Sale" below) .
The Notes have not been and will not be registered under the United States Securities Act of
1933, as amended, and are subject to U.S. tax law requirements. Subject to certain
exceptions, Notes may not be offered, sold or delivered, directly or indirectly, within the
United States or to U.S. persons as defined herein (see "Subscription and Sale" below).
In this Base Prospectus, references to U.S.$ and U.S. dollars are to United States dollars,
references to Yen are to Japanese Yen, references to £ are to Pounds sterling, references to
euro, Euro, EUR or are to the currency introduced at the start of the third stage of
European economic and monetary union pursuant to the Treaty establishing the European
Community, as amended, and references to Renminbi or CNY mean Renminbi Yuan
and are to the lawful currency of the PRC, excluding the Hong Kong Special
Administrative Region, the Macau Special Administrative Region and Taiwan.
This Base Prospectus (including the documents incorporated by reference) contains certain
statements that are forward-looking including statements with respect to the Issuer's business
strategies, expansion and growth of operations, trends in its business, competitive advantage,
and technological and regulatory changes, information on exchange rate risk and generally
includes all statements preceded by, followed by or that include the words "believe", "expect",
"project", "anticipate", "seek", "estimate" or similar expressions. Such forward-looking
statements are not guarantees of future performance and involve risks and uncertainties, and
actual results may differ materially from those in the forward-looking statements as a result of
various factors. Potential investors are cautioned not to place undue reliance on forward-
looking statements, which speak only as of the date hereof.
In connection with the issue of any Notes, the Dealer or Dealers (if any) named as the
Stabilising Manager(s) or persons acting on behalf of any Stabilising Manager(s) in the
applicable Final Terms may over-allot or effect transactions which support the market
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price of the Notes at a level higher than that which might otherwise prevail. However,
there is no assurance that the Stabilising Manager(s) (or persons acting on behalf of a
Stabilising Manager) will undertake stabilisation action. Any stabilisation action may
begin on or after the date on which adequate public disclosure of the terms of the offer of
the relevant Tranche of Notes is made and, if begun, may be ended at any time, but it
must end no later than the earlier of 30 days after the issue date of the relevant Tranche of
Notes and 60 days after the date of the allotment of the relevant Tranche of Notes. Any
stabilisation action or over-allotment must be conducted by the relevant Stabilising
Manager(s) (or person(s) acting on behalf of any Stabilising Manager(s)) in accordance
with all applicable laws and rules.

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SUMMARY OF THE PROGRAMME
Summaries are made up of disclosure requirements known as "Elements". These elements are
numbered in Sections A E (A.1 E.7).
This summary contains all the Elements required to be included in a summary for this type of
securities and Issuer. Because some Elements are not required to be addressed, there may be
gaps in the numbering sequence of the Elements.
Even though an Element may be required to be inserted in the summary because of the type of
securities and Issuer, it is possible that no relevant information can be given regarding the
Element. In this case a short description of the Element is included in the summary with the
mention of "Not Applicable".

Section A Introduction and Warnings
A.1 Introduction:
Warning that:
· this summary should be read as introduction to the Base
Prospectus;
· any decision to invest in the Notes should be based on
consideration of the Base Prospectus as a whole by the investor;
· where a claim relating to the information contained in the Base
Prospectus is brought before a court, the plaintiff investor might,
under the national legislation of the Member States, have to bear
the costs of translating the prospectus before the legal
proceedings are initiated; and
civil liability attaches only to those persons who have tabled the
summary including any translation thereof, but only if the
summary is misleading, inaccurate or inconsistent when read
together with the other parts of the Base Prospectus or it does not
provide, when read together with the other parts of the Base
Prospectus, key information in order to aid investors when
considering whether to invest in such securities.
A.2 Consent:
The Issuer [consents/does not consent] to the use of the Base Prospectus
in connection with a Non-exempt Offer of the Notes by any financial
intermediary which is authorised to make such offers under the Markets
in Financial Instruments Directive (Directive 2004/39/EC). The Offer
Period during which such offers may be made is [·]. [The following is a
list of clear and objective conditions attached to the consent which are
relevant to the use of the Base Prospectus: [·]]. The Member States in
which financial intermediaries may use the Base Prospectus for
subsequent resale or final placement of securities are the following:
[].The Issuer may give consent to additional financial intermediaries
after the date of the Final Terms and, if it does so, the Issuer will publish
the above information in relation to them on www.rcibanque.com.

[An Investor intending to acquire or acquiring any Notes from an
Authorised Offeror will do so, and offers and sales of the Notes to an
Investor by an Authorised Offeror will be made, in accordance with
any terms and other arrangements in place between such Authorised
Offeror and such Investor including as to price, allocation and
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settlement arrangements (the "Terms and Conditions of the Non-
exempt Offer"). The Issuer will not be a party to any such
arrangements with Investors (other than Dealers) in connection with
the offer or sale of the Notes and, accordingly, the Base Prospectus
and the Final Terms will not contain such information. The Terms
and Conditions of the Non-exempt Offer shall be published by that
Authorised Offeror on its website at the relevant time. None of the
Issuer nor any of the Dealers or other Authorised Offerors has, or
takes, any responsibility or liability for such information.]

Section B Issuer
B.1
Legal name and RCI Banque
commercial name of
the Issuer:
B.2
Domicile and legal RCI Banque is a société anonyme (a public limited company under French
form of the Issuer, law) registered at the Paris Commercial Court and domiciled in France at
the
legislation 14, avenue du Pavé Neuf, 93168 Noisy-le-Grand Cedex.
under which the
Issuer operates and The Issuer is governed by the provisions of the Code de Commerce
its
country
of (French Commercial Code). On 7 March 1991, the Issuer received
incorporation:
approval from the Banque de France to make the requisite changes in its
articles and by-laws allowing it to become a bank. Since that date, the
Issuer has been subject to all the laws and regulations applicable to credit
institutions, in particular the provisions of Frances Act 84-46 of 24
January 1984, incorporating into the Code monétaire et financier (French
Monetary and Financial Code).

B.4b Trends:
Not Applicable. There are no particular trends indicated by RCI Banque.

B.5
The Group and the The Issuer is the French holding company of the RCI Banque group.
Issuer's
position
within the Group:
RCI Banque is the captive finance company of the Renault Nissan
Alliance and, as a consequence, finances sales of the following brands:
Renault, Renault Samsung Motors, Dacia, Nissan and Infiniti.

The RCI Banque group operates mainly in Europe but also in South
America, Euromed-Africa, Eurasia, and South Korea.

B.9
Profit Forecast:
Not Applicable. RCI Banque does not provide profit forecasts.

B.10 Audit
Report Not Applicable. There are no qualifications in the audit reports to the
Qualifications:
Annual Report 2011 and the Annual Report 2012.

B.12 Selected
Key Key consolidated audited financial information as at 31 December 2011
Historical Financial and 31 December 2012 and the consolidated unaudited financial results
Information:
information as at 30 June 2013. This information has been extracted from
the Annual Report 2011, the Annual Report 2012 and the Semi-Annual
Report 2013 which are incorporated by reference into the Base
Prospectus.

31 Dec
31 Dec
30 June 2012
30 June 2013
2011
2012
Balance Sheet (in million

euros)
Total assets
27,105
28,767
28,127
29,333
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Total liabilities & Equity
27,105
28,767
28,127
29,333
Consolidated
Income

Statement
(in
million
euros)
Net banking income
1,189
1,238
638
604
Net income
521
526
274
262
Consolidated Statement of

Changes in Equity (in
million euros)
Equity at 31 December
2,569
2,681
2,566
2,704
2011 / Equity at 31
December 2012 / Equity at
30 June 2012 / Equity at 30
June 2013
Consolidated Cash Flow

Statement
(in
million
euros)
Cash flow
453
535
294
214
Change in net cash
(106)
169
(372)
(360)

There has been no material adverse change in the financial position or
prospects of RCI Banque and the RCI Banque group since 31
December 2012, being the date of the latest published annual audited
accounts of RCI Banque and the RCI Banque group, respectively and
there has been no significant change in the financial or trading position
of RCI Banque and the RCI Banque group since 30 June 2013, being
the date of the latest published interim accounts, of RCI Banque and
the RCI Banque group, respectively.

B.13 Recent Events:
Not Applicable. Other than the information provided in this Base
Prospectus, there have been no recent events which RCI Banque
considers material to the investors since the publication of the Semi-
Annual Report 2013.

B.14 Dependence upon See item B.5 for the Group and the Issuer's position within the Group. The
other
Entities Issuer is, directly or indirectly, the ultimate holding company of all the
within the Group:
companies in the RCI Banque group and its assets are substantially
comprised of shares in such companies. It does not conduct any other
business and is accordingly dependent on the other members of the RCI
Banque group and revenues received from them.

B.15 The
Issuer's The Issuer is the French holding company of the RCI Banque group.
Principal Activities:
RCI Banque is the captive finance company of the Renault Nissan
Alliance and, as a consequence, finances sales of the following brands:
Renault, Renault Samsung Motors, Dacia, Nissan and Infiniti.

The RCI Banque group operates mainly in Europe but also in South
America, Euromed-Africa, Eurasia and South Korea.

The RCI Banque group offers a comprehensive range of financings and
services to:
Customers (Retail and Corporate), to whom the RCI Banque
group offers new and used car loans, rentals with options to buy,
leases and long-term rentals. It also provides related services such
as insurance, maintenance, extended warranties, roadside
assistance, fleet management and credit cards;

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