PENSKE AUTOMOTIVE GROUP, INC.

Penske Automotive Group, Inc. (NYSE: PAG) operates as a diversified international transportation services company and premier automotive and commercial truck retailer. The company maintains its corporate presence at www.penskeautomotivegroup.com and employs over 27,700 people worldwide across multiple continents.

The company generates approximately $31.8 billion in annual revenue through three primary business segments. Retail automotive dealerships contribute $27.5 billion in revenue and represent the largest segment, operating 365 franchised dealerships across the United States, United Kingdom, Germany, Italy, Japan, and Australia. These dealerships represent over 40 vehicle brands, with 71 percent of revenue derived from premium brands including Audi, BMW, Land Rover, Lexus, Mercedes-Benz, and Porsche, while 23 percent comes from volume non-U.S. brands such as Toyota and Honda. The retail automotive segment also includes 15 used vehicle dealerships operating under the CarShop, Sytner Select, and Penske Select brand names. Retail commercial truck dealerships, operating under the Premier Truck Group banner, generate $3.4 billion in revenue through 45 locations across ten U.S. states and Canadian provinces, primarily selling Freightliner and Western Star trucks. Commercial vehicle distribution and other operations contribute $922.6 million in revenue, principally through Penske Australia's distribution of Western Star, MAN, and Dennis Eagle commercial vehicles, along with diesel and gas engines and power systems across Australia, New Zealand, and the Pacific region.

Beyond its direct operations, the company holds a 28.9 percent ownership interest in Penske Truck Leasing Co., L.P., which operates as Penske Transportation Solutions. This joint venture manages one of North America's largest trucking fleets comprising over 396,600 trucks, tractors, and trailers under lease, rental, and maintenance contracts, employing over 42,000 people worldwide and providing full-service truck leasing, rental, contract maintenance, and logistics services.

The company's business model emphasizes diversified revenue streams across vehicle sales, used vehicles, finance and insurance products, and high-margin service and parts operations. Geographic diversification spans multiple continents, with 62 percent of revenue generated in the United States, 26 percent in the United Kingdom, and the remainder distributed across Germany, Italy, Japan, Canada, and Australia.