Peugeot Citroen Chairman to Retire

Jean-Martin Folz has informed Thierry Peugeot, chairman of the Supervisory Board of Peugeot S.A., that he wishes to retire at 60. He will turn 60 in January 2007. Mr Folz was appointed chairman of the managing board on 1 October 1997.

Thierry Peugeot has put the Supervisory Board’s Compensation and Appointments Committee in charge of launching the selection process of the future chairman of the Group’s managing board who is to replace Jean-Martin Folz.

The new chairman will take up his duties during the first quarter of 2007.