KUWAIT, January 21, 2008: Audi Kuwait, part of the Fouad Alghanim & Sons Automotive Group, today signed an exclusive supply agreement with Priority Automobile Company worth over 9.5 million KD/- (US$ 34,800,000) for Audi vehicles to be supplied within 2008.

The agreement includes the new A4, new A5, A6, A8 and Q7 models and offers Priority customers a new 2 year leasing option.

James R.M du Lieu, Managing Director Fouad Alghanim & Sons Automotive Company, stated. "This is the continuation of the excellent partnership between Audi, Priority and FAA. The success of the 2007 exclusive supply contract has promulgated this deal, which includes additional Audi product lines and increased number of vehicles purchased under this agreement."

Mr. Ahmed Al-Loughani, Chairman of the Priority Automobile Company, confirmed "Priority was a pioneer in the use of leasing for the premium segment. The success of our 2007 agreement with Audi Kuwait and FAA, has given us the confidence to increase the volume to a minimum of 440 vehicles for 2008. We are proud that through our cooperation Audi Kuwait is benefiting from the exposure in the market and that in the minds of Kuwaitis and expatriates alike, Priority, FAA and Audi are being positioned as a true premium brands."

-Ends-

About Audi
Audi is a car manufacturer rich in tradition. The four rings symbolise the fusion of Audi, DKW, Horch and Wanderer in 1932. Today, Audi is one of the three big German automotive manufacturers in the premium segment. AUDI AG employs more than 50,000 people and delivered around 905,100 Audi vehicles to customers in 2006.

As a global developer and manufacturer of high-quality cars and engines, Audi has major production sites in Germany, Hungary, Brazil and China.

The current model range comprises the A3, A3 Sportback, A4 Saloon and Cabriolet, S4 Saloon, and Cabriolet, RS 4 Saloon and Cabriolet, A6 and S6, TT Coupe and Roadster, the A8, S8, the Q7 and the R8.

For more information:
Gilad Moses
Audi Marketing Manager
Fouad Alghanim & Sons Automotive Co.
Audi Kuwait
Office Tel: 965-811118
Office Fax: 965-482-9777
Email:  giladf@aa.com.kw 
 
Noha Abdulrahim Al-Awadi
General Manager
EPR
Office Tel: 965-247-3617/8
Office Fax: 965-247-3619
E-mail: Noha@epr-online.com

© Press Release 2008