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10th  June 2009

Team Lotus and 2010 Formula 1

Group Lotus plc and its subsidiary Lotus Cars Limited, the manufacturer of the iconic Lotus Elise and global high technology engineering consultancy, are not connected or affiliated to, nor in any other way associated with the newly announced "Team Lotus" that has submitted an entry for the 2010 Formula 1 championship. Group Lotus plc will take all necessary steps to protect its name, reputation and brand image.

Lotus will continue to focus on the tremendous worldwide opportunities that exist for its core businesses. Lotus Cars has recently launched the stunning new Evora 2+2 global sportscar to great acclaim and deliveries to the first customers are imminent. The company is pulling all stops to ensure production meets demand. Lotus Engineering, one of the market leaders in automotive green transport solutions, is currently working with many of the world's vehicle manufacturers on state of the art projects with plans of growth in its international targeted markets such as Malaysia, China, USA and India.