JLR To Restart Some Manufacturing operations On October 8

JLR:

• RESTARTS MANUFACTURING AND INTRODUCES NEW FINANCING SOLUTION TO PAY JLR SUPPLIERS EARLY

• PHASED RESTART OF JLR’S MANUFACTURING OPERATIONS BEGINS AT THE ELECTRIC PROPULSION MANUFACTURING CENTRE

• NOW FAST‑TRACKING NEW FINANCING SCHEME THAT WILL PROVIDE QUALIFYING JLR SUPPLIERS WITH CASH‑UP‑FRONT DURING THE PRODUCTION RESTART PHASE

• WITH NEW SCHEME, QUALIFYING JLR SUPPLIERS WILL BE PAID MUCH FASTER THAN UNDER STANDARD PAYMENT TERMS, AIDING THEIR CASHFLOW IN NEAR TERM

• QUALIFYING JLR SUPPLIERS WILL RECEIVE A MAJORITY PREPAYMENT SHORTLY AFTER THE POINT OF ORDER AND A FINAL TRUE‑UP PAYMENT ON RECEIPT OF INVOICE

• PHASED RESTART OF MANUFACTURING OPERATIONS BEGINS AT EPMC, IN WEST MIDLANDS, UK, ON 8 OCTOBER