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Dividend Distribution Info

2019 Extraordinary Dividend Distribution

Dividend per common share €1.30
$1.45639
Official EUR/USD exchange rate fixed by the
European Central Bank (ECB) on May 16, 2019
1.1203
Italian and US ex-date May 20, 2019
Italian and US record date May 21, 2019
Payment date May 30, 2019
Deadline for DTC participants to submit required
documentation to GlobeTax in order to avoid 15%
holdback, if applicable
CA Web Instruction & ESP Deadline:
May 23, 2019 at 8pm EDT
First deadline for DTC participants to submit required
documentation to GlobeTax in order to receive 15%
holdback, if applicable
CA Web Instruction & ESP Deadline:
June 11, 2019 at 8pm EDT
Date of first payment of 15% holdback June 2019
Second deadline for DTC participants to submit required
documentation to GlobeTax in order to receive 15%
holdback, if applicable (if not submitted by previous
deadlines)
CA Web Instruction & ESP Deadline:
July 12, 2019 at 8pm EDT
Date of second payment of 15% holdback July 2019
Type of reserves distributed Existing reserves (retained earnings)
   
Where to obtain further information:
For DTC shareholders, please refer to the attached Notice, email GlobeTax at dutchesp@globetax.com, or call +1-212-747-9100
For Monte Titoli shareholders, please contact your depository bank, stockbroker or financial intermediary


Applicable Withholding Tax

This chart only includes withholding tax applicable to the FCA NV dividend. Shareholders are urged to consult their tax advisors as to the overall tax consequences of acquiring, holding and disposing of FCA NV shares and the receipt of any dividends from FCA NV including any applicable withholding tax.

FCA Extraordinary  Dividend Distribution FCA Extraordinary Dividend Distribution

* Dutch corporate shareholders that own 5% or more of FCA NV’s share capital are not subject to Dutch withholding tax.



FCA Extraordinary Dividend Distribution Q&A

Owners of FCA NV shares are urged to consult their tax advisors as to the overall tax consequences of acquiring, holding and disposing of FCA NV shares and of the receipt of any dividends from FCA NV including any applicable withholding tax.


Q: Which shareholders are subject to 15% Dutch withholding tax?

A: Because FCA NV is incorporated in the Netherlands, 15% Dutch withholding tax applies to dividends paid by FCA NV to Dutch tax resident shareholders except Dutch tax resident corporate shareholders who own more than 5% of FCA NV’s share capital.

Q: Are US and other non-Dutch shareholders subject to the 15% Dutch withholding tax?

A: No, US and other non-Dutch resident shareholders are not subject to Dutch withholding tax. However, unless tax residency information is submitted by your stockbroker or other financial intermediary as requested by GlobeTax by May 23, 2019, 15% of the dividend will be subject to holdback with respect to DTC shareholders and only paid after the appropriate information including tax residency has been provided by the shareholder’s broker or other financial intermediary as requested by GlobeTax as discussed below.

Q: Which shareholders are subject to Italian withholding tax?

A: Italian tax resident individual shareholders who hold their shares through Monte Titoli and who do not qualify for reduction or exemption under Italian law are generally subject to 26% Italian withholding tax. Italian tax resident shareholders who hold their shares through the Depository Trust Company (“DTC”) must self-assess and pay any applicable Italian tax unless an Italian-based financial intermediary is responsible to withhold Italian tax.

Q: What amount of the dividend will I receive on May 30, 2019?

A: Dutch tax resident shareholders will receive the dividend net of 15% Dutch withholding tax, on May 30, 2019. Dutch tax resident corporate shareholders who own more than 5% of FCA NV’s share capital are not subject to Dutch withholding tax and will receive 100% of the dividend on May 30, 2019.

For non-Dutch tax resident DTC shareholders, if tax residency information is submitted by your stockbroker or other financial intermediary as requested by GlobeTax by May 23, 2019, you will receive 100% of the dividend on May 30, 2019 and avoid a 15% holdback. If tax residency information is not provided to GlobeTax by May 23, 2019, non-Dutch tax resident DTC shareholders will receive 85% of the dividend on May 30, 2019 and the remaining 15% of the dividend will be subject to holdback and paid only after necessary information is submitted by your stockbroker or other financial intermediary as requested by GlobeTax (see below for submission of required information to GlobeTax and timing of payment of any holdback).

Italian tax resident Monte Titoli individual shareholders will receive the dividend, net of 26% Italian withholding tax (unless an Italian withholding tax reduction or exemption applies) on May 30, 2019.

All other Monte Titoli shareholders will receive 100% of the dividend on May 30, 2019.

Q: How do I know if my shares are held by DTC or by Monte Titoli?

A: Shares held by DTC are generally traded on the New York Stock Exchange. Shares held by Monte Titoli are generally traded on Borsa Italiana. Please contact your depositary bank, stockbroker or other financial intermediary to obtain this information with respect to your FCA NV shares.

Q: If I am an eligible DTC shareholder, what is the process to receive 100% of the dividend on May 30, 2019 and avoid a 15% holdback?

A: Stockbrokers and other financial intermediaries will be required to provide to GlobeTax, by May 23, 2019, 8 pm EDT, each DTC shareholder’s name, address, country of residence, tax identification number and share position in order to receive 100% of the dividend on May 30, 2019 and avoid 15% holdback (refer to the attached Notice for the instructions to submit the requested information to GlobeTax). Individual DTC shareholders should not submit any information directly to GlobeTax.

Q: If I am an eligible DTC shareholder and did not receive 100% of the dividend on May 30, 2019, what information should be provided to GlobeTax in order to receive payment of the 15% holdback and who provides the information to GlobeTax?

A: Stockbrokers and other financial intermediaries will be required to provide GlobeTax with each DTC shareholder’s name, address, country of residence, tax identification number and share position in order to process payment of the 15% holdback (refer to the attached Notice for the instructions to submit the requested information to GlobeTax). Individual DTC shareholders should not submit any information directly to GlobeTax.

Q: What is the deadline for stockbrokers and financial intermediaries of DTC shareholders to submit the required information to GlobeTax in order to receive payment of the 15% holdback and when will the 15% holdback be paid?

A: The first deadline to submit information to GlobeTax is June 11, 2019, 8 pm EDT with payment of the 15% holdback in June 2019. The second deadline to submit information to GlobeTax is July 12, 2019, 8 pm EDT with payment of the 15% holdback in July 2019. If the proper information is not submitted by the second deadline, then a longer process will apply and it may take longer to process payment of the 15% holdback. In any case, the proper information should be submitted no later than March 1, 2022.

Payment of the 15% holdback will follow the same process of the dividend distribution according to your broker or bank policy.

Please contact your depositary bank, stockbroker or other financial intermediary for further details.

Q: Why are there multiple deadlines for information submission to GlobeTax?

A: We have provided multiple deadlines for the submission of information to GlobeTax to provide applicable shareholders with the opportunity to avoid the 15% holdback or to receive payment of the 15% holdback as soon as possible.

Q: What happens if my stockbroker or financial intermediary does not submit the requested information for the payment of the 15% cash holdback?

A: You will not receive payment of the 15% cash holdback. You should contact your stockbroker or other financial intermediary and urge them to provide the requested information including your tax residency to GlobeTax.

Q: What will be the currency of the dividend?

A: Shareholders holding the Company’s common shares on the record date that are traded on Borsa Italiana will receive the dividend in Euro.

Shareholders holding the Company’s common shares on the record date that are traded on the NYSE will receive the dividend in U.S. dollars at the official EUR/USD exchange rate reported by the European Central Bank on May 16, 2019.

Q: What happens if I am a non-Dutch shareholder holding my shares through the DTC direct registration system (“DRS”)?

A: Non-Dutch shareholders holding shares through the DRS will receive 100% of the dividend on May 30, 2019, without the 15% cash holdback.

Q: What happens if I sell the shares in the meantime?

A: Shareholders of FCA NV on the record date (May 21, 2019) are entitled to receive the dividend and the potential payment of the 15% holdback if applicable and eligible.

Q: What type of reserve is FCA NV distributing?

A: The dividend is distributed from existing reserves.

Q: Who can I contact if I need more information?

A: DTC shareholders should refer to the attached Notice for further information. Monte Titoli shareholders should contact their tax advisor and depositary bank, stockbroker or other financial intermediary.


For more information, please refer to the following Notice.



2019 Ordinary Dividend Distribution

Dividend per common share €0.65
$0.734565
Official EUR/USD exchange rate fixed by the European
Central Bank (ECB) on April 17, 2019
1.1301
Italian and US ex-date April 23, 2019
Italian and US record date April 24, 2019
Payment date May 2, 2019
First deadline for DTC participants to submit required
documentation to GlobeTax in order to receive 15%
holdback, if applicable
CA Web Instruction & ESP Deadline:
May 13, 2019 at 8pm EDT
Date of first payment of 15% holdback June 2019
Second deadline for DTC participants to submit required
documentation to GlobeTax in order to receive 15%
holdback, if applicable and not submitted by the first
deadline
CA Web Instruction & ESP Deadline:
June 21, 2019 at 8pm EDT
Date of second payment of 15% holdback July 2019
Type of reserves distributed Retained earnings
   
Where to obtain further information:
For DTC shareholders: please refer to the attached Notice, email GlobeTax at dutchesp@globetax.com, or call +1-212-747-9100
For Monte Titoli shareholders: please contact your depository bank, stockbroker or financial intermediary


Applicable Withholding Tax

This chart only includes withholding tax applicable to the FCA NV dividend. Shareholders are urged to consult their tax advisors as to the overall tax consequences of acquiring, holding and disposing of FCA NV shares and the receipt of any dividends from FCA NV including any applicable withholding tax.

FCA Dividend Distribution FCA Dividend Distribution

* Dutch corporate shareholders that own 5% or more of FCA NV’s share capital are not subject to Dutch withholding tax.



FCA Ordinary Dividend Distribution Q&A

Owners of FCA NV shares are urged to consult their tax advisors as to the overall tax consequences of acquiring, holding and disposing of FCA NV shares and of the receipt of any dividends from FCA NV including any applicable withholding tax.


Q: Which shareholders are subject to 15% Dutch withholding tax?

A: Because FCA NV is incorporated in the Netherlands, 15% Dutch withholding tax applies to dividends paid by FCA NV to Dutch tax resident shareholders except Dutch tax resident corporate shareholders who own more than 5% of FCA NV’s share capital.

Q: Are US and other non-Dutch shareholders subject to the 15% Dutch withholding tax?

A: No, US and other non-Dutch resident shareholders are not subject to Dutch withholding tax. However, 15% of the dividend will be subject to holdback with respect to DTC shareholders and only paid after the appropriate information including tax residency has been provided by the shareholder’s broker or other financial intermediary as requested by GlobeTax as discussed below.

Q: Which shareholders are subject to Italian withholding tax?

A: Italian tax resident individual shareholders who hold their shares through Monte Titoli and who do not qualify for reduction or exemption under Italian law are generally subject to 26% Italian withholding tax. Italian tax resident shareholders who hold their shares through the Depository Trust Company (“DTC”) must self-assess and pay any applicable Italian tax unless an Italian-based financial intermediary is responsible to withhold Italian tax.

Q: What amount of the dividend will I receive on May 2, 2019?

A: Dutch tax resident shareholders will receive the dividend net of 15% Dutch withholding tax, on May 2, 2019. Dutch tax resident corporate shareholders who own more than 5% of FCA NV’s share capital are not subject to Dutch withholding tax and will receive 100% of the dividend on May 2, 2019.

Non-Dutch tax resident DTC shareholders will receive 85% of the dividend on May 2, 2019 and the remaining 15% of the dividend will be subject to holdback and paid only after necessary information is submitted by your stockbroker or other financial intermediary as requested by GlobeTax (see below for submission of required information to GlobeTax and timing of payment of any holdback).

Italian tax resident Monte Titoli individual shareholders will receive the dividend, net of 26% Italian withholding tax (unless an Italian withholding tax reduction or exemption applies) on May 2, 2019.

All other Monte Titoli shareholders will receive 100% of the dividend on May 2, 2019.

Q: How do I know if my shares are held by DTC or by Monte Titoli?

A: Shares held by DTC are generally traded on the New York Stock Exchange. Shares held by Monte Titoli are generally traded on Borsa Italiana. Please contact your depositary bank, stockbroker or other financial intermediary to obtain this information with respect to your FCA NV shares.

Q: If I am a DTC shareholder and eligible to receive payment of the 15% holdback, what information should be provided to GlobeTax and who provides the information to GlobeTax?

A: Stockbrokers and other financial intermediaries will be required to provide GlobeTax with each DTC shareholder’s name, address, country of residence, tax identification number and share position in order to process payment of the 15% holdback (refer to the attached Notice for the instructions to submit the requested information to GlobeTax). Individual DTC shareholders should not submit any information directly to GlobeTax.

Q: What is the deadline for stockbrokers and financial intermediaries of DTC shareholders to submit the required information to GlobeTax in order to receive payment of the 15% holdback and when will the 15% holdback be paid?

A: The initial deadline to submit information to GlobeTax is May 13, 2019, 8 pm EDT with payment of the 15% holdback in June 2019. The second deadline to submit information to GlobeTax is June 21, 2019, 8 pm EDT with payment of the 15% holdback in July 2019. If the proper information is not submitted by the second deadline, then a longer process will apply and it may take longer to process payment of the 15% holdback. In any case, the proper information should be submitted no later than March 1, 2022.

Payment of the 15% holdback will follow the same process of the dividend distribution according to your broker or bank policy.

Please contact your depositary bank, stockbroker or other financial intermediary for further details.

Q: Why are there multiple deadlines for information submission to GlobeTax?

A: We have provided multiple deadlines for the submission of information to GlobeTax to provide applicable shareholders with the opportunity to receive payment of the 15% holdback as soon as possible.

Q: What happens if my stockbroker or financial intermediary does not submit the requested information for the payment of the 15% cash holdback?

A: You will not receive payment of the 15% cash holdback. You should contact your stockbroker or other financial intermediary and urge them to provide the requested information including your tax residency to GlobeTax.

Q: What will be the currency of the dividend?

A: Shareholders holding the Company’s common shares on the record date that are traded on Borsa Italiana will receive the dividend in Euro.

Shareholders holding the Company’s common shares on the record date that are traded on the NYSE will receive the dividend in U.S. dollars at the official EUR/USD exchange rate reported by the European Central Bank on April 17, 2019 which was 1.1301.

Q: What happens if I am a non-Dutch shareholder holding my shares through the DTC direct registration system (“DRS”)?

A: Non-Dutch shareholders holding shares through the DRS will receive 100% of the dividend without the 15% cash holdback.

Q: What happens if I sell the shares in the meantime?

A: Shareholders of FCA NV on the record date (April 24, 2019) are entitled to receive the dividend and the potential payment of the 15% holdback if applicable and eligible.

Q: What type of reserve is FCA NV distributing?

A: The dividend is distributed from 2018 profits.

Q: Who can I contact if I need more information?

A: DTC shareholders should refer to the attached Notice for further information. Monte Titoli shareholders should contact their tax advisor and depositary bank, stockbroker or other financial intermediary.


For more information, please refer to the following Notice.