FCA

Dear Colleag ues.

Capping off an historic year. during which we madethetransition to asingle. global organization. FCAtoday released its preliminary 2D14
financial results that report strong performance in line with our expectations. These results are testimony to your continued commitment to our
values. the ability to maintain focus on our key objectives and our determination to build a tn_ily special group.

We shipped 4.6 million vehicles in an increase of 6 percent over the previous year. with NAFTA. APAC and EMEA all contributing to the
growth and the Jeep brand setting an all?time annual record with global sales of more than one million units.

The increase in shipments. together with a better product mix. droye reyenues 11 percent higher to ?951 billion. with increases in all regions but
LATAM. where weak market conditions continued.

EElleEamings Before Interest and Taxes} increased 3" percent to ?32 billion. Excluding unusual items. EElthotaled ?33" billion. with strong
improyements Maserati and EMEA. which returned to profitability in the fourth quarter. an indication that wearetuming the comer in
the region as our focus on producing premium vehicles for export begins to pay off.

FDA posted a net profit of ?632 million for the year. Excluding unusual items. net profit was ?955 million. which represented a slight
improvement over the prior year.

We will remember 2D14 as a momentous year that included the formation of FDA [now the world's seventh?largest automaker}. the debut of our
shares on the NYSE. our return to the US. equity markets. record sales for both Jeep and Maserati and the return of Alfa Romeo to North
America after a Ell-year absence. We also presented an ambitious fiyeyear plan to grow our business and continue building an extraordinary
enterprise that has the potential to enrich us at both the industrial and the human levels.

We have already begun RENE with the same momentum. Based on positive results for the new Jeep Renegade and Fiat EDDX. earlier this month
we announced plans to add newjobs at the Melfi plant. where we have already invested more than E1 billion in production of the new
models. At the North American lntemational Auto Show in Detroit. we unveiled the all?new 2D15 Alfa Romeo Spider. another step on our way
to reinyigorating Alfa Romeo and making it a We global brand. We also introduced the new 2D15 Ram Rebel and announced the new Ram
EcoDiesel HFE. which remains the most fuel?efficient full?size pickup in North America.

This is just the beginning of a new year filled with opportunities for continued growth together with the challenges of an incredibly competitive
landscape.

Let's continue to dream big and take accountability forachieying ourtargets so that this time next year we. as ateam. can look back with pride
at the progress we have made as we continue this remarkable journey.

i

Sergio