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Spyker Cars N.V. strengthens Management Board

ZEEWOLDE, THE NETHERLANDS - Spyker Cars N.V., manufacturerof exclusive premium sports cars, announces the appointments of Messrs LexRoukens (44) as Chief Financial Officer and Frans Liebregts (61) as ChiefOperating Officer. Both gentlemen will be nominated for appointment asmembers of Spyker´s Management Board at the General Meeting of Shareholdersof Spyker Cars N.V. to be held on 17 April 2008.

As per 2 April 2008, Mr. Roukens will assume his function as CFO,succeeding Klaas Stuijfzand (54) who was appointed interim CFO on 8 May2007.

As per 1 July 2008, Mr Liebregts will assume his function as COO, a newrole within the Management Board. Mr Liebregts will coordinate alloperations related to production, logistics and procurement, as well asengineering and research & development, headed by CTO Wicher Kist.

Spyker expects to fill the vacancy of Chief Commercial Officer(reporting to CEO) in the near future.

Lex Roukens (CFO)

Lex Roukens is currently Group Treasury Director of Zain, a mobiletelecom operator with 22 operations across Sub Sahara Africa and the MiddleEast. He is responsible for all Corporate Finance, Treasury and FinancialRisk Management related activities. Prior to his current position, Lexworked for Celtel International as Corporate Finance Director, and FronterAS as interim CFO. Previously, he was based in Amsterdam, Singapore andLondon, and worked amongst others for ING Bank and TD Securities inrespectively their Telecommunications Project Finance Team and TMTInvestment Banking Group. Lex Roukens holds a Master of BusinessAdministration degree in International Management from Nyenrode University,the Netherlands.

Frans Liebregts (COO)

Frans Liebregts is vice-president technology of Cogent-Power Ltd., acompany specialized in electrical steel with its head office in New Port,South Wales, U.K. He will retire from his current position as per 30 June2008. Previously, Mr. Liebregts worked at Polynorm N.V., an engineering andproduction company of automobile body panels and structures. At Polynorm, Mr.Liebregts held the position of vice-president. Mr. Liebregts also worked atSteelweld B.V., a designer and manufacturer of automated assembly systemsfor the production of automobile bodies and automobile body components. He has beenworking in the automobile industry for more than thirty years and has a broadexperience in all areas of automobile production. Frans Liebregts holds a Masterdegree in mechanical engineering with a specialisation in productiontechnology from the Technical University of Eindhoven.

Mr. Liebregts was appointed Supervisory Board Member of Spyker CarsN.V.on 27 May 2004. As a result of the investment by Snoras Bank in theCompany and the subsequent change of composition of the Supervisory Board,he retired as Supervisory Board Member on 21 January 2008.

Victor Muller, Chief Executive Officer of Spyker Cars N.V., stated:“Lex Roukens will succeed Klaas Stuijfzand, who was appointed on aninterim basis in May 2007. Lex has a vast experience in the internationalfinancial business arena and this experience will prove crucial for theexpansion of Spyker in the years to come. I take the opportunity to thankKlaas cordially for his relentless support and tenacity in the past year,and welcome Lex to the Company."

In addition, Victor Muller said: "I am also very pleased to announce theappointment of Frans Liebregts. Frans has been involved with Spyker fromthe start of business in 2000. He joined the Supervisory Board as anautomotive production expert when we went public in 2004 and, as aconsequence, he is completely familiar with the operational side of ourbusiness. With the intended growth and the start of production of theSpyker C8 Aileron (Long Wheel Base with automatic gearbox) in Q3 2008 andthe Spyker D8 Peking-to-Paris in 2009, the organisation requires the vastexperience and expertise, particularly in production, which Frans brings tothe table.”

Commenting on the composition of the Management Team, Victor Mulleradded: “With Wicher Kist as Chief Technology Officer the finalvacancy to be filled is that of Chief Commercial Officer. We are currentlyin discussions with a number of potential candidates and expect to announcean appointment before summer. Once that position has been taken, ourManagement Team will be ready to face the challenges of Spyker’scontrolled expansion with great confidence.”