Spyker acquires Midland MF1 Racing

On September 27th, 2006, at an Extraordinary General Meeting of Shareholders, the shareholders of Spyker Cars N.V. officially approved the acquisition. During this meeting, Michiel Mol was officially appointed as Director of Formula One Racing. He has been involved in Formula One racing as a sponsor of teams and drivers for almost ten years. Mr. Fred Mulder was officially appointed as member of the Supervisory Board.

Mike Gascoyne becomes Spyker F1 Team's Chief Technology Officer, effective November 1st, 2006. Collin Kolles remains Team Principal of Spyker F1 Team.

Spyker's entry in Formula One racing is an unparalleled way to both underline Spyker Car's commitment to racing and to benefit from a massive increase in worldwide brand awareness.

New unique livery for Spyker F1 Team

On September 20th, 2006, Spyker F1 Team unveiled its new livery for its M16 race cars for the remainder of the 2006 Formula 1 World Championship. The new livery design has been specially selected to represent the exciting future in store for the Team and Spyker Cars. The orange and silver colouration is combined plain black sponsor branding. These colours are unique to Formula One and will ensure instant recognition on track. The orange colour pays tribute to the Team's Dutch connection, Spyker's heritage and the national colour of The Netherlands.

The new livery and sticker design has been implemented in time for the team's Silverstone test on September 19th, 2006.

Spyker F1 Team signs engine supply with Ferrari

30 September 2006 - Spyker F1 Team is proud to announce it has agreed an engine supply agreement with Ferrari.

Under this contract, Ferrari will supply its V8 engines to Spyker F1 Team as well as the required technical assistance to run the engines in all races and tests.

Victor Muller, Spyker Cars and Spyker F1 CEO: "To reach agreement with the number one name in the Formula One world for over 50 years is a milestone in the history of our company. I am convinced that the co-operation of Spyker F1 Team with Ferrari and its dedicated staff will bear fruit for the 2007 season. Mike Gascoyne's input as Chief Technology Officer, effective November 1, 2006, leads me to believe that Spyker will become a serious contender in the F1 seasons to come."

Michiel Mol, Director of F1 Team - Spyker Cars and Spyker F1: 'After the completion of the sale yesterday this announcement completes the first chapter of Spyker F1 Team and I believe truly illustrates our commitment and ambition. We are in F1 to be competitive.

Quote Colin Kolles: 'It has been an agonising wait for this decision but I think it reflects the new found stature of our team under the Spyker ownership. The most important element for our technical team is that for the first time in many years they have long-term stability which is something which has hurt our design process in recent years. There is a lot of work to do before we get running in early 2007 but we all love a challenge!.'