Penske Automotive Group Inc.

Mr. Kurnick, Jr., 46 , has served as our Vice Chairman since March 8, 2006 and a director since May 3, 2006. From February 2000 until March 2006, Mr. Kurnick served as our Executive Vice President and General Counsel. He also serves as President and a director of Penske Corporation, which he joined in 1995. We previously announced that Mr. Kurnick will assume the position of President effective April 1, 2008.

Prior to co-founding Charlesbank in 1998, Michael was the president of Harvard Private Capital Group, the firm's predecessor. He began his tenure at Harvard Management Company in 1986 as managing director. Before joining Harvard Management, Michael was with The Boston Consulting Group, a corporate-strategy consulting firm. He is a summa cum laude graduate of Williams College, with a BA in economics, and holds JD and MBA degrees from Yale University. Michael is a member of the Executive Committee of the Dana-Farber Cancer Institute and the Berklee College of Music Board of Trustees. He is also a founding member of Horizons for Homeless Children. Michael lives with his wife, Barbara, and their four children in Wayland, MA.

Mr. Noto, 69 , has served as a director since March 2001. Mr. Noto retired as Vice Chairman of ExxonMobil Corporation in January 2001, a position he had held since the merger of Exxon and Mobil companies in November 1999. Before the merger, Mr. Noto was Chairman and CEO of Mobil Corporation, where he had been employed since 1962. Mr. Noto is a managing partner of Midstream Partners LLC, an investment company specializing in energy and transportation projects. He is also a director of International Business Machines Corporation, the Altria Group, Inc., Shinsei Bank, Stem Cell Innovations, Inc. and the Commercial International Bank of Egypt. Mr. Noto is a member of the Temasek Technologies (Singapore) International Advisory Counsel.