July 2008 1Interim Results July 23, 2008

July 2008 2

This presentation may contain forward-looking statements. Such forward-looking statements do not constitute forecasts regarding the Company’s results or any other performance indicator, but rather trends or targets, as the case may be. These statements are by their nature subject to risks and uncertainties as described in theCompany’s annual report available on its Internet website (www.psa-peugeot-citroen.com). These statements do not reflect future performance of the Company, which may materially differ. The Company does not undertake to provide updates of these statements.

More comprehensive information about PSA Peugeot Citroën may be obtained on its Internet website (www.psa-peugeot-citroen.com), under Regulated Information.

July 2008 3

Christian Streiff

First Half Highlights

July 2008 4

Key Highlights

� CAP 2010 plan: one year after its launch, a key competitive edge to face the difficult environment

� Priority growth regions showing strong momentum

� Successful launch of new models

July 2008 5

First half 2008 sales growth driven

by international expansion

� 15% volume growth in our priority regions

Mercosur: +32.2%

Eastern Europe & Russia: +12.5%

� Vehicles adapted to local market needs

Citroën C-Elysée & Peugeot 307 hatchback in China

Citroën C3 in Mercosur Peugeot 307 hatchback China

Citroën C3 Mercosur

Citroën C-Elysée China

July 2008 6

First half 2008 sales growth driven by product momentum & environmental leadership

� Successful launch of 10 new models

� Leadership in light commercial vehicles:253,400 units sold, up 13.6%

� Leadership in low emission vehicles: 568,000 vehicles sold emitting less than 140g CO

2/km in Europe

(47% of PSA unit sales in Europe)

Peugeot Bipper

Citroën Nemo

Peugeot Partner

Citroën Berlingo

Citroën C5 Peugeot 308 SW

July 2008 7

� Russian development accelerated by new JV with Mitsubishi and new plant under construction

� Environmental leadership to be reinforced by:

New family of 1-litre 3 cylinder petrol engines

Cooperation project for electric powertrainswith Mitsubishi

� Acceleration of product launch rhythm

Major new steps in building future growth

July 2008 8

400

June 30, 2007 June 30, 2008

CAP 2010Competitiveness

CAP 2010Development

Inflationand R&D

In million euros

633-188

+882

-461

Competitiveness plan drives 58% growth in automotive recurring operating income

+58%1.7%

2.6%

July 2008 9

Warranty expenses in constant decline(basis 100)

66.0

78.0

86.0

100.0

72.0

H1 2006 H2 2006 H1 2007 H2 2007 H1 2008

CAP 2010 drives improvement in quality

July 2008 10

CAP 2010: 5.3%* productivity gains in the automotive division

24,50224,169

47,45644,566

2006 2007 June 30,

2007

June 30,

2008

132,200

136,900134,100

139,600

2006 2007 June 30,

2007

June 30,

2008

Automotive division sales and revenue(in million euros)

Automotive division workforce(end of period, in number of people)

�

+1.4%

�

-3.4%

* On the basis of average workforce

Decrease in Western Europe: -7,823 people (-6.3%)

July 2008 11

June 30,

2007

June 30,

2008

Group headcount reduction in Western Europe

In number of people

172,247

-6,304

Voluntary

separation

Natural

attrition

-1,519-1,952

Automotive division Non Automotivedivision

162,472

Group workforce decrease in Western Europe: -9,775 people

-7,823

July 2008 12

CAP 2010 delivers a boost to financial performance

� Group operating margin increases to 3.6%

� Competitiveness plan generates gross savings of €882 million

� Net profit climbs 49% to €733 million

� Free cash flow generation* positive at €134 million

* Manufacturing and sales companies

July 2008 13

Isabel Marey-Semper

First Half Results

July 2008 14

Profit attributable to equity holders of the parent 733492

2.3%1.6%% of sales

2.3%1.6%% of sales

731483Consolidated profit for the period

6523Share in net earnings (losses) of companies at equity

(293)(91)Income taxes

(70)(4)Net financial income (expenses)

(86)(287)Non-recurring operating income and (expenses)

3.6%2.7%% of sales

+32.4%1,115842Recurring operating income

+1.6%31,29930,818Sales and revenue

ChangeJune 30,

2008June 30,

2007

Group results

In million euros

Operating income 1,029555

July 2008 15

+2.3%308301

+32.4%1,115842

+3.9%7976

+42.9%9063

+58.3%633400

ChangeJune 30,

2008June 30,

2007

All Group businesses contribute to recurring operating income growth

% margin

% margin

1.7

1.0

4.2

nm

2.7

2.6

4.1

1.4

nm

3.6

Faurecia

PSA Peugeot Citroën

Gefco

Banque PSA Finance

Automotive

Others businesses and eliminations

2 - 5 -

In million euros

July 2008 16

2007

Positive cash flow generation

In million euros – Manufacturing and sales companies

Net financial position

(Dec. 31, 2007)

Net financial position

(June 30, 2008)

1,404 1,257

+2,158

(464)

(1,143)(179)

Cash flowChange

in WCR

Capitalized

R&D

Capex

(excl. R&D)

Net

dividends

(417)

Others

(102)

Free cash flow: +134

July 2008 17

Faurecia: recurring operating income up 43%

Free cash flow (6)(10)

(1,856)(1,865)

-0.3%-0.6%% of sales

(19)(40)Consolidated profit (loss) for the period

(48)(43)Net financial income (expenses)

(27)(39)Non-recurring operating income and (expenses)

1.4%1.0%% of sales

9063Recurring operating income

6,6016,512Sales and revenue

June 30, 2008

June 30,

2007

Net financial position

In million euros

6324Operating income

� Turnaround continues

� Positive profitability in North America

� Encouraging outlook

July 2008 18

Gefco: sales and revenueup 6%

7976Recurring operating income

713701� Third parties

1,1911,096� PSA Peugeot Citroën

1,9041,797Sales and revenue

% of sales 4.2% 4.1%

Non-recurring operating income and (expenses)

(1) (1)

In million euros June 30, 2008

June 30,

2007

Operating income 75 78

� International growth

� Customer base diversification

� Tight cost control

July 2008 19

Recurring operating income

Net banking revenue

Penetration rate

Number of new contracts(lease and financing)

Total outstanding loans(end of period)

Sales and revenue

€308 m

€504 m

25.5%

444,598

€24.4 bn

€1,059 m

June 30, 2008

€301 m

€492 m

25.2%

443,700

€23.5 bn

€975 m

June 30,

2007

Banque PSA Finance: a solid performance

� International growth

� Cost of riskstill benchmark

� Solid profit performance

July 2008 20

(at June 30, 2008 - average net outstandings)

Banque PSA Finance: instalment sales continueto account for the bulk of the business

By product (new + used vehicles)

Long-term rental

Leasing

Instalment sales62%

14%

24%

20

July 2008 21

Banque PSA Finance: increase in Tier 1 capital, while the risk-weighting of assets remains low

10.54%

10.36%

9.62%

9.90%

December 2005 December 2006 December 2007 June 2008

*

(1) Equity /aggregate credit risk exposure

* Tier one ratio: 2007: 10.46% 2008: 10.60%

European capital adequacy ratio (1)

Regulatory capital (in million euros)

2,063 2,321 2,543

21

2,649

*

July 2008 22

Banque PSA Finance: diversification, a core component of the financing strategy

June 08Dec. 07June 07

Stockholder’s

equity +

subordinated debt

Other

liabilities

Bank

facilities

Capital

Markets

Securizations

16%17%15%Loan securizations

45%52%56%Capital markets

39%31%29%Interbank facilities

June 30,

2008

Dec. 31,

2007

June 30,

2007

2.72.9 2.9

2.01.72.0

6.87.5

9.3

13.112.6

10.6

3.64.13.8

22

Excluding undrawn confirmed lines of creditIn billion euros

July 2008 23

Automotive: strong profit growth

(58)(247)Non-recurring operating income and (expenses)

2.6%1.7%% of sales

+58.3%633400Recurring operating income

+1.4%*24,50224,169Sales and revenue

� o/w restructing costs & impairment losses

� o/w others

(339)

92

(61)

3

June 30,

2007ChangeIn million euros

June 30, 2008

575153Operating income

Citroën C4 Picasso

* +2.6% at constant scope

2.3%0.6%% of sales

July 2008 24

In million euros

New car salesJune 30, 2007

New car salesJune 30, 2008

+0.4%

+1.0%

+1.1%

-0.2%

+2.1%

-1.2%

18,207

Country mix

Others (inc. CKD)*

CurrencyProduct mix

Volume

Price

* Excluding DPCA

New car sales growth driven by volume, product mix and price

17,638+3.2%

July 2008 25

H1

2007

H1

2008

In million euros

Competitiveness plan drives 58% growth in automotive recurring operating income

+89

(143)

PayrollWarranty,

general expenses,

fixed costs

Others

Production

& procurement

(46)

(277)

(90)

Raw

materials

Currency

(179)

+484

+398

Europe

and

overseas

Mercosur

and

other BUs

-188 +882 -461Development Competitiveness Inflation

R&D

(3)

6332.6%

4001.7%

+58%

� Major fixed costs and SG&A reduction now flowing

� Substantial savings delivered by production & purchasing performance

� Currency impact due to decline in GBP versus €

June 30,

2007

June 30,

2008

July 2008 26

Christian Streiff

Second Half Key Priorities and Outlook

July 2008 27

� Reap full benefits of successful new models launched in first half

� Build on positive trends and demand for low consumption & CO2 emission vehicles

� Launch 9 new models:

Europe: passenger versions

of the Peugeot Bipper and Citroën Nemo

Mercosur: Peugeot 207 Hatchback,

SW and Passion and Citroën C4 Hatchback

China: Citroën C-Quatre and 2 new models for Peugeot

Key priorities for second half:momentum of vehicle sales to continue

New vehicle sales

July 2008 28

Key priorities for second half: driving costs down

Continuously drivingcosts down

� Downward trends in production& fixed costs and SG&A to continue

� Quality improvement to continueand warranty expenses to be reduced

� Extend benefits from PSA production system

July 2008 29

Key priorities for second half: new actions

Prices� Pass through of raw materials cost

increases

Commercial costs

� Media cost reductions

� New internal efficiency initiatives

Lean everywhere

� Roll out lean process to all areas

July 2008 30

Outlook for full year 2008

Full year marketvolume trends

� Western Europe expected -4%

� Growth regions expected around +15%

Total Group unit sales objectiveof around 5% confirmed

Full year raw materials& currencyheadwinds

� Raw materials cost inflation expected in range of €300-350 million

� Negative currency impact of GBP at 80 pence/€

Group operating margin target of 3.5% confirmed

July 2008 31

Appendices

July 2008 32

Sales and revenue

In million euros

+1.6%31,29930,818PSA Peugeot Citroën

(2,767)(2,635)Other businesses and intra-company eliminations

1,059975Banque PSA Finance

1,9041,797Gefco

6,6016,512Faurecia

24,50224,169Automotive

June 30, 2008

June 30,

2007

+8.6%

+6.0%

+1.4%

+1.4%

Change

-

July 2008 33

Sales and revenue

109119Other businesses

31,29930,818PSA Peugeot Citroën

829762Banque PSA Finance

713701Gefco

5,1685,090Faurecia

24,48024,146Automotive

June 30, 2008

June 30,

2007

(net of intra-company sales)

In million euros

July 2008 34

4.44.44.5

2.4

3.6

3.1

2.7

1.6

2.4

3.33.33.4

0.7

1.7

1.0

0.2

2.6

2.0

H1-04 H2-04 H1-05 H2-05 H1-06 H2-06 H1-07 H2-07 H1-08

PSA Peugeot Citroën

Automotive

Operating margin expansion continues

As a % of sales and revenue

July 2008 35

Inventories

668,000604,000566,000619,000620,000578,000641,000644,000Total

302,000329,000280,000290,000333,000269,000326,000339,000Independantdealership inventory*

366,000275,000286,000329,000287,000309,000315,000305,000Group inventory

70,00060,00057,00062,00059,00058,00061,00055,000Proprietary dealership inventory

296,000215,000229,000267,000228,000251,000254,000250,000Manufacturer inventory

June 30,

2008

Dec. 31,2007

Sept. 30,2007

June 30,2007

Dec. 31,2006

Sept. 30,2006

June 30,2006

Dec. 31,2005

(in units)

* Change in perimeter: from the beginning of 2007, addition of independent dealership inventories from overseas countries not included in previous years. Figures have been updated from December 31, 2005

July 2008 36

Automotive: a 4.6% growth in worldwide unit sales

In thousand units

1,234.5 1,210.7 -1.9%

68.7 70.0 +1.9%

1,670.7 1,679.3 +0.5%

93.4 165.4 +77.0%

Western Europe (18)

Eastern Europe*

Total assembled vehicles

Total CKD units

TOTAL AV + CKD units 1,764.1 1,844.7 +4.6%

Change

154.3 144.7 -6.3%Rest of the world

16.7 26.0 +56.0%Russia

93.9 124.1 +32.2%Mercosur**

102.6 103.8 +1.2%China

(assembled vehicles and CKD units)

H1 2007 H1 2008

+81

+9

+15%

* Croatia, Hungary, Poland, Czech Republic, Slovakia, Slovenia, Lithuania, Latvia, Estonia, Cyprus, Malta** Brazil, Argentina

July 2008 37

Registrations

Registrations

103,100

124,000

25,200

67,800

1,225,800

4.0%

7.5%

1.4%

11.7%

14.1%

1.3

26.8

61.7

3.4

-3.9

14.3

26.5

32.9

8.3

-3.0

H1-07 H1-08

14.0%

11.2%

1.7%

7.5%

3.5%

H1-08/H1-07 change in %

PSAMarket

China

Mercosur

Russia

Eastern Europe

Western Europe

37

(cars and light commercial vehicles)

Market share

July 2008 38

Western Europe

Others

Italy

United Kingdom

Spain

France

Germany

Europe

Registrations

246,400

140,700

139,800

159,700

438,700

100,500

1,225,800

12.5%

10.2%

10.5%

20.0%

31.6%

5.6%

14.1%

-7,9

-3.4

7.2

-10.8

-20.1

5.2

-3.9

-0.6

3.9

-11.2

-1.4

-19.0

4.6

-3.014.0%

31.8%

19.8%

9.8%

10.2%

5.7%

12.2%

H1-07 H1-08

Market share

PSAMarket

(cars and light commercial vehicles)

H1-08/H1-07 change in %

July 2008 39

In thousand units

Worldwide sales

268 276

159 155

H1 2007 H1 2008

427 431

Peugeot 207 SW

Peugeot 207 CC

H1 2007 H1 2008

11.111.5

In %

206 + 207 market sharein its segment – Europe 18 countries

Peugeot 207

Peugeot 206

�

+1.0%

207 + 206 leader in the B segmentin Europe for the second year in a row

39

July 2008 40

In thousand units

Xsara Picasso + C4 Picasso market sharein its segment – Europe 18 countries

In %

92119

7145

H1 2007 H1 2008

+0.6%163 164

22.7

Picasso leader in the compact MPVs segment in Europe for the second year in a row

Citroën C4 Picasso

Citroën Grand C4 Picasso

H1 2007 H1 2008

19.0

Citroën

C4 Picasso

Citroën

Xsara Picasso

�

40

Worldwide sales

July 2008 41

Peugeot 308: on track with its 2008 target

151

99

H1 2007 H1 2008

+13.0%

� 250

Worldwide sales

Peugeot 308

Peugeot 307

350,000 units sold

In thousand units

41

220

S1 2007 S1 2008

307 + 308 market sharein its segment – Europe 18 countries

In %

6.3

H1 2007 H1 2008

5.5

2008 Target

Peugeot 308 SW

July 2008 42

New Citroën C5

� Launched in April 2008

� Orders since launch:

52,000 orders

� Full year target:

150,000 units sold

42

Citroën C5

Citroën C5 Tourer

July 2008 43

Worldwide sales (LCVs)

Peugeot Expert Tepee

H1 2007 H1 2008

18.8

19.6

Market share Europe 18 countries

Light commercial vehicles (in %)

113

82

348

PSA: reinforced leadership in light commercial vehicles in Europe

In thousand units

94 86

40 44

55 63

2934

31

H1 2007 H1 2008

223253

+13.6%

Partner/Berlingo

Expert/Jumpy

Boxer/Jumper

Bipper/Nemo

�Others

Peugeot Bipper

Citroën Nemo

July 2008 44

In million euros

DPCA recurring operating income

103.8102.6

H1 2007 H1 2008

+1.2%

�

In thousand of units sold

H1 2007 H1 2008

12.0

39.5

China

Market:

+14.3%

July 2008 45

79.7

55.4

H1 2007 H1 2008

44.538.4

H1 2007 H1 2008

In thousand of units sold

+43.7%Market:

+30.2% +15.7%Market:

+12.9%

Brazil

� �

Argentina

61.0

-14.0

H1 2007 H1 2008

In million euros

Automotive division recurring operating income

Mercosur

July 2008 46

22.3

11.5

3.7

5.2

H1 2007 H1 2008

Russia

+56.0%

�26.0

16.7

Market:

+32.9%

Citroën C6Peugeot 207

� Peugeot: 58 sales points at June 30, 2008 (40 at end-2007)

� Citroën: 31 sales points at June 30, 2008 (37 at end-2007)

In thousand of units sold

Citroën

Peugeot

July 2008 47

2,580,000 vehicles

Russia: to capture part

of the market in value

9.7%

36.2%

17.6%

5.7%2.7%

3.9%

15.1%

9.1%

2007 units

19.4%

19.1%

9.5%

9.1%

3.8%

28.2%

7.1%

3.7%

2007

A B C D E MPVs SUVs LCVs

Market value (in €)