NEWSLETTER. Q December 31 st AR Freccia D Oro (Gold Arrow): Work Description: Photos:

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NEWSLETTER Q4 2017 December 31 st 2017 AR Freccia D Oro (Gold Arrow): Work Description: The chassis has been completed, all the parts in aluminium have been polished; The instrument panel is ready to be assembled; The mechanical parts were completed and assembled; Photos:

AR Giulietta S.S.: Work Description: The car was already in good conditions and the following works have been performed: Engine Overhaul; Mechanical parts fixed; Brakes were fixed; Bodywork repaired. Photos: Lancia Aprilia Cabriolet: Work Description: The underbody has been cleaned; The hood has been replaced; The interior has been cleaned and repaired; The bodywork has been fixed and preserved as much as possible; The carburetor has been cleaned and calibrated; The brakes have been repaired; The radiator has been rebuilt. Photos: AR 6C 2500 cabriolet: Work Description: The body has been assembled; The engine has been assembled; The radiator is being restored; The braking system has been restored.

CARS PORTFOLIO

Cars List: Car Year Min Valuation Price Max Valuation Price Delivery Date Alfa Romeo 6C 2500 S cabriolet 1950 420,000 500,000 30-gen-18 Alfa Romeo 6C 2500 S cabriolet Pininfarina 1946 350,000 500,000 30-apr-18 Alfa Romeo duetto 1600 USA 1966 30,000 45,000 30-mar-18 Alfa Romeo duetto 1600 USA n 2 1966 30,000 45,000 30-mar-18 Alfa Romeo Giulia Spider 1964 65,000 80,000 finished Alfa Romeo Giulietta Sprint I serie del 1957 28-Feb-57 100,000 110,000 30-mar-18 Fiat 1.100 Allemano 30-Apr-49 140,000 160,000 finished Alfa romeo Giulietta spider blu 1959 60,000 80,000 30-mag-18 AR Freccia d'oro 1950 300,000 330,000 15-dic-17 AR Giulietta sprint 1959 (Yanni) 1959 70,000 75,000 15-gen-18 Fiat-Siata 600 coupè Targa CA 020303 1956 50,000 60,000 finished MASERATI INDY 25629 125,000 140,000 1-feb-18 Lancia Aprililia Cabriolet Pininfarina Targa VA 2501 1949 350,000 400,000 finished Ferrari 355 GTS 19-Dec-94 95,000 120,000 finished Ferrari 348 Spider 1-Sep-93 98,000 115,000 finished Jaguar XK140 Spider 1-Sep-56 finished Fiat 1.100 Pinifarina 1-Apr-05 170,000 190,000 30-gen-18 Lancia Aprililia Cabriolet Pininfarina T.ga AV41294 1937 280,000 350,000 finished Fiat 1100 B Targa MI238139 Telaio 317642 1949 100,000 130,000 finished Giulietta Sprint 1959 1959 70,000 85,000 30-apr-18 MERCEDES 190 2.5 16V EVOLUTION 1989 130,000 180,000 finished Giulietta Sprint Special 19-Sep-61 150,000 170,000 28-feb-18 Mercedes- Benz Pagoda 230 SL 1967 80,000 115,000 finished Alfa Romeo 1900 C del 1952 1952 330,000 400,000 1-mag-18 Fiat 500 Abarth Telaio n ZFA 31200000159272 2008 48,000 52,500 finished Fiat 500 R Telaio - 5206022 - Targa PG254651 3-Jan-75 9,000 12,000 finished

Mercedes 190 2.5 16V Evolution: In March 1989, the 190 E 2.5-16 Evolution debuted at the Geneva Auto Show. The Evo I had a new spoiler and wider wheel arches. Many changes were made to under-the-skin components such as brakes and suspension. There was a full SLS suspension allowing vehicle ride height to be adjusted from an interior switch. The Evo I's output is similar to the 202 bhp (151 kw) of the "regular" 2.5-16. However this car had a redesigned engine of similar capacity but, most importantly, a shorter stroke and bigger bore which would allow for a higher rev limit and improved top-end power capabilities. Only 502 units of the Evolution model were produced; Fiat 1.100 Allemano: The Fiat 1100 was a model that was produced a number of different times, our car was produced in 1943; Only very few pieces of this version were produced; Carrozzeria Allemano (established 1928, discontinued 1965) was an automobile coachbuilder in Turin, Italy, owned by Serafino Allemano. Allemano made various cars based on their own designs; Alfa Romeo Giulia Spider: The Spider, Sprint and Sprint Speciale Giulias introduced together with the Giulia sedan in 1962 were rebadged and updated versions of earlier Giulietta models (series 101); Now with a 1.6 litre instead of a 1.3 litre engine. The only way to distinguish the Giulia Spider from a Giulietta Spider is the car hood which is slightly taller and from the 1600 written on the back of the car; The car has an engine of 4 cilinders, 1570 cm³ and 92 CV; Most models ofg the Giulia were discontinued in 1964; Fiat 1100 cabriolet Bertone: Fiat 1100 B Cabriolet was manufactured in 1949; 2-door convertible body type; RWD (rear-wheel drive), manual 4-speed gearbox; petrol (gasoline) engine with displacement: 1089 cm3 with 35 hp;

Ferrari 355 GTS: The Ferrari F355 is an evolution of the Ferrari 348 and was produced from May 1994 to 1999; It is a mid-engined, rear wheel drive, V8-powered two-seat coupe, targa, or convertible with 375 hp; At launch, two models were available: the coupe Berlinetta and the targa GTS. The Spider was introduced in 1995; In 1997 the Formula One style paddle gear shift electrohydraulic manual transmission was introduced with the Ferrari 355 F1; Total production of 11,273 units made the F355 the most-produced Ferrari at the time. This sales record would be surpassed by the next generation 360 and later, the F430. Ferrari 348 Spider: The Ferrari 348 comes in 3 versions: 348 TB for the coupé (Trasversale Berlinetta), 348 TS (Targa) and the 348 SP (Spider, or Convertible); 3.4-litre V8 version of the quad-cam engine, four-valve-per-cylinder; The engine has 300 hp; The 348 Spider (convertible) model was produced in only 1,090 units. Lancia Aprilia Cabriolet Pininfarina 1937: The stunning Lancia Aprilia was one of the first designed cars using wind tunnel; The production commenced in February 1937; This very rare cabriolet was styled by Pininfarina himself. This car is one of approximately 50 cars ever made. Lancia Aprilia Cabriolet Pininfarina 1949: The stunning Lancia Aprilia was one of the first designed cars using wind tunnel; The production commenced in February 1937; This very rare cabriolet was styled by Pininfarina himself. This car is one of approximately 50 cars ever made.

Mercedes-Benz Pagoda 230 SL: Production of the 230 SL commenced in 1963 and ended on 1967; The 230 SL has a 4-speed manual transmission, or an optional 4-speed automatic transmission. From May 1966, the ZF S5-20 5-speed manual transmission was available as an additional option, which was particularly popular in Italy. 19,831 230 SLs produced. The engine is a 2,308 cc (2.3 L) M127.II inline-six engine with 150 hp; Fiat Siata 600 Coupé: SIATA (acronym of Società Italiana Applicazioni Tecniche Auto-Aviatorie) was a small Italian car company, active from 1926 to 1970; Siata initially sold performance parts to modify and tune cars manufactured by Fiat. After World War II, the company began making its own sports cars under the Siata brand until its eventual bankruptcy in the mid-1970s. Fiat 500 Abarth Pied de Poule: The Abarth 500 is a performance model of the Fiat 500 tuned in-house by FCA's Abarth subsidiary. It was unveiled at the 78th Geneva Motor Show, a year after the rebirth of Abarth brand and company. All models use a turbocharged and intercooled version of the 1.4 L Fire I4 petrol engine; This version is a unique piece customized by Lapo Elkann and Garage Italia Customs; Fiat 500 R: The last version of the Fiat 500 was the R model produced from 1972 to 1975. It had the same 594 cc engine of the Fiat 126, however, the power rating is the same as the L but at lower rpm (4000 instead of 4400) and with a bit more torque;

Alfa Romeo 6C 2500 S Cabriolet: The Alfa Romeo 6C name was used on road, race, and sports cars produced between 1927 and 1954 by Alfa Romeo; the "6C" name refers to six cylinders of the car's straight-six engine. Bodies for these cars were made by coachbuilders such as James Young, Zagato, Touring, Castagna, and Pininfarina. The car comes with 110 hp, 2,443 cc DOHC inline six-cylinder engine with three Weber carburettors, four-speed manual synchromesh transmission, independent front suspension with coil springs, independent rear suspension with swing axles and torsion bars, and four-wheel drum brake. Alfa Romeo 6C 2500 S Cabriolet Pininfarina: The Alfa Romeo 6C name was used on road, race, and sports cars produced between 1927 and 1954 by Alfa Romeo; the "6C" name refers to six cylinders of the car's straight-six engine. Bodies for these cars were made by coachbuilders such as James Young, Zagato, Touring, Castagna, and Pininfarina. The car comes with 110 hp, 2,443 cc DOHC inline six-cylinder engine with three Weber carburettors, four-speed manual synchromesh transmission, independent front suspension with coil springs, independent rear suspension with swing axles and torsion bars, and four-wheel drum brake. Maserati Indy: The Maserati Indy is a four-seater fastback grand tourer produced by Italian car manufacturer Maserati from 1969 to 1975; In 1969 the Indy was offered with a 4.2-litre V8 engine. From 1970 a 4.7- litre Indy 4700 was offered alongside the 4200; the same year some interior updates were introduced, including seats with retractable headrests and a new dashboard. In 1972, Maserati added the Indy 4900 to the range, equipped with the new 4.9-litre V8. Production of the Indy ended in 1975. In total 1,104 were produced, 440 of them Indy 4.2s, 364 Indy 4.7s and 300 Indy 4.9s. Alfa Romeo Freccia d oro: The Alfa Romeo 6C 2500 was the last car of the series before the second world war and resumed in the first post-war period until 1950 in about 2,800 pieces. 680 pieces of the above were built in the Freccia d'oro (Golden Arrow) version, a 5-seater sedan equipped with a 90 hp engine combined with a four-speed manual transmission and a speed of 155 km/h. The 2500 was the last version of the 6C series before it was withdrawn from the market and replaced by the Alfa Romeo 1900.

Alfa Romeo Giulietta Sprint 1959 (photo from internet): Alfa Romeo Giulietta Sprint is a sports car produced from 1954 to 1965; The car has 80 hp with 165 km/h maximum speed. Alfa Romeo Giulietta Sprint I Serie 1957: Alfa Romeo Giulietta Sprint is a sports car produced from 1954 to 1965; Alfa Romeo Giulietta Spider III Serie blu (photo from internet): The Alfa Romeo Giulietta Spider has been built from 1955 to 1962; The car has a 1.290 cm³ four-cylinder engine with a power output of 65 hp (80 hp from 1959), which allows the car to reach a top speed of 155 km/h (165 from 1959). Fiat 1100 Pininfarina 1950: Fiat 1100 ES, manufactured or sold in 1950, version for Europe; 2-door coupe body type; RWD (rear-wheel drive), manual 4-speed gearbox; petrol (gasoline) engine with displacement: 1089 cm3 with 50 hp;

Alfa Romeo Giulietta Sprint Special: The Alfa Romeo Giulietta Sprint Speciale ("Type 750 SS/101.20"), also known as Giulietta SS is a small sports car manufactured by Alfa Romeo from 1959 to 1966; The first prototype of the Giulietta SS was presented in 1957 at the Turin Motor Show. Alfa Romeo 1900 C del 1952: The Alfa Romeo 1900 is an automobile produced by Italian car manufacturer Alfa Romeo from 1950 to 1959. Designed by Orazio Satta, it was an important development for Alfa Romeo as the marque's first car built entirely on a production line and first production car without a separate chassis. It was also the first Alfa Romeo offered with left-hand drive. The car was introduced at the 1950 Paris Motor Show; The 1900 was offered in two-door or four-door models, with a new 1,884 cc, 90 hp (67 kw), 4-cylinder twin cam engine. It was spacious and simple, yet quick and sporty. Alfa Romeo Duetto 1200: The Alfa Romeo Spider, commonly known as the "Duetto", is a spider produced by Alfa Romeo between 1966 and 1994. It is one of the best known models and is the longest-lived in the history of the Alfa Romeo, with 28 uninterrupted years of production, divided into 4 different series.; The 1st series produced was called - "Osso di seppia" (1966-1969) as the shape recalls a cuttlefish bone; In 1966 the only version produced was the Giulia Spider Duetto "Serie 105.03" or "Serie 105.05" in the right-hand drive version. The car is equipped with the engine labeled "AR 00536", a classic 4-cylinder 1.570 cm³ with 109-hp. Alfa Romeo Duetto 1200: The Alfa Romeo Spider, commonly known as the "Duetto", is a spider produced by Alfa Romeo between 1966 and 1994. It is one of the best known models and is the longest-lived in the history of the Alfa Romeo, with 28 uninterrupted years of production, divided into 4 different series.; The 1st series produced was called - "Osso di seppia" (1966-1969) as the shape recalls a cuttlefish bone; In 1966 the only version produced was the Giulia Spider Duetto "Serie 105.03" or "Serie 105.05" in the right-hand drive version. The car is equipped with the engine labeled "AR 00536", a classic 4-cylinder 1.570 cm³ with 109-hp.

Alfa Romeo Giulietta Sprint 1959: Alfa Romeo Giulietta Sprint is a sports car produced from 1954 to 1965; The car has 80 hp with 165 km/h maximum speed;

INVESTMENT

Chart: Main Terms: Key Data Instrument Note Name 7Y EUR Jalopy Index Tracker Issuer ISIN Opus Chartered Issuances S.A. - Lux DE000A179ZR3 Global Custody Clearstream Banking AG, Frankfurt Issue Date 12 June 2015 Maturity Date 13 June 2022 Currency Listing Maturity Date Currency Min. Denomin. Min. trading Issue Price Governing Law EUR Düsseldorf Stock Exchange 7 Years EUR 1 000 USD 100 000 USD 100% German