Pinley House Funday for Employees Marks the Official Opening of the Company's New HQ.

COVENTRY, UNITED KINGDOM – June 24, 2008: Last Saturday (21 June) 500 employees of Peugeot and PSA Peugeot Citroën and their families made the best of the bad weather and joined the celebrations that marked the opening of the company’s new headquarters in Sunbeam Way.

Councillor Jack Harrison MBE was on hand to help mark the occasion with the burial of a time capsule in the grounds of Pinley House that one day when discovered might offer an interesting insight into life in the 21st century. Buried in the capsule were various items including a copy of the Coventry Telegraph, various model Peugeot cars and brochures and price lists from the current Peugeot range together with an iPod and details of the week’s music charts.

The Company’s new headquarters will be the UK home to almost 500 employees of both PSA Peugeot Citroën and Peugeot and is situated just 500 metres from the old Aldermoor House base.

Work on the Pinley House site started in June 2006 and was finished in January of this year. The gleaming new glass HQ is linked by an underground passageway to another brand new building that will house the technical and training teams whose job it is to train the Peugeot dealer network in the latest automotive technologies.

In a speech to employees and their families on Saturday afternoon Pierre Louis Colin, Managing Director of Peugeot UK said: “for us the new building is very important and to move to a brand new HQ in Coventry sends a strong message of commitment from Peugeot to the city of Coventry and to the local community.”

In his welcome speech, Mike Lynch, PSA Peugeot Citroën’s Director of Human Resources, Northern Europe spoke of some of the challenges that his team faced during the development including what to do with 4000 litres of pink paint that was found buried deep beneath one of the buildings that was demolished.

The new Peugeot headquarters dominates what will become a revitalised part of Coventry when the whole development, which includes some 1600 new houses, is completed by 2012.