Sauber Motorsport Formula 1 Team engages Larry Woghiren of award winning proprietary investment firm Eliseo Partners as

1. “Sauber Motorsport Formula 1 Team engages Larry “Sauber Motorsport Formula 1 Team engages Larry Woghiren of award winning proprietary investment firm winning proprietary investment firm Eliseo Partners as advisor in June 2016.” 2016.” After several discussions Sauber Motorsport appoint Larry Woghiren from award winning proprietary investment firm Eliseo Partners to advice on team sale in June 2016. Eliseo continues to advise Sauber for the remainder of 2016/17 and is at the Sauber F1 team paddocks at the April 2017 Shanghai Formula one race weekend. Woghiren of award Eliseo Partners as advisor in June Some of the great drivers of all time have raced for Sauber, including drivers such as Heinz-Harald Frentzen, Michael Schumacher, Karl Wendlinger, Jochen Mass, Jean-Louis Schlesser and Mauro Baldi. Sauber Motorsport is located in Hinwil, Switzerland, the heart of continental Europe, which includes an innovation and production center, the race cars are developed, designed and operated by approximately 330 employees. As founder, owner and former team principal, Peter Sauber is a responsible business man, who has motor sports in his DNA. By building up a race team in his home country which still had restrictions on motor racing, he is a pioneer in his area and has mastered the challenges and enjoyed the triumphs of motorsport over the course of the past 45 years. In 1970 Peter Sauber built his first two-seater race car, the C1, and won the 1970 Swiss Sportscar Championship. In the same year PP Sauber AG in Hinwil was founded. The most successful of the early Sauber cars was the C5. For the first time a small series of five cars was built. In 1976 the well-known Swiss racing driver Herbert Müller won the overall title in the European Interseries. In 1983 the Sauber team managed to finish a good ninth in the Le Mans 24 Hours with the C7. The C8 and its engine were the start of a long, pleasant and very successful co- operation with Mercedes- Benz. The first contacts went back all the way to 1982. In 1986, the C8’s first big success came when Mike Thackwell and Henri Pescarolo won the 1000 km on the Nurburgring.

2. In 1988 Sauber was named Mercedes’ official works team. Five victories in the Sportscar Championship in 1988 and second place overall in the series were sufficient for the C9 to start in the traditional silver colour in the 1989 season. The new Silver Arrows made 1989 the most successful racing season in Sauber’s history: double victory in Le Mans, a total of eight victories in the World Championship, and victory in both the Constructors’ and Drivers’ Championships. In 1993 Sauber entered Formula One and in 1995 Red Bull joined as a partner and sponsor, and this marked the entry of a big brand into Formula One. Sauber were one of the four oldest teams in Formula One (with Ferrari, McLaren and Williams). In 2001 Sauber achieved 4th place in the Constructors’ World Championship. In 2001, three milestones in the team’s history were set in a rapid pace: the partnership with Credit Suisse, fourth place in e Formula One Constructors’ World Championship and thestart of the construction of the team’s own wind tunnel. In 2004 another milestone was set with Sauber first wind tunnel. It is one of the most advanced wind tunnels in Formula One. 2005 saw Peter Sauber on the lookout for a new engine partner. An offer from BMW seemed like a good solution. The car manufacturer was keen to set up its own works team. In June 2005, BMW announced its acquisition of a majority stake in the Swiss team.

3. The 2008 season would mark the next milestone in the history of the team. The team’s target for that year was to achieve its maiden victory – which turned out to be a one- two, with Robert Kubica winning the Canadian Grand Prix ahead of Nick Heidfeld. Sauber also made 3rd place in the Constructors’ World Championship along with a double victory in Montreal. Following a challenging start to the 2009 season, news broke in July. BMW announced that it was withdrawing from Formula One at the end of the season. The next press conference was held in November 2009 in Hinwil. Peter Sauber had reached an agreement with BMW and bought back his life’s work, So, in 2010s Sauber was Back in private ownership. In 2010 Monisha Kaltenborn becomes CEO of Sauber Motorsport AG. With Ferrari as engine partner and Kamui Kobayashi and Pedro de la Rosa, the team embarks on the 2010 race season. In 2010, after a break of four years, Peter Sauber returned to the pitwall after buying the team back from BMW. He declares that this was the only way to preserve the workplaces and technical facilities. Kobayashi was retained for 2011; he was joined by teammate Sergio Pérez and his compatriot Esteban Gutiérrez as reserve driver. The team debuted their 2011 car – the C30 – on 31 January, with testing beginning the following day. In 2012 Sauber announced a sponsorship deal with English Premier League team Chelsea. Peter Sauber announced that he had transferred ownership of a third of the team to CEO Monisha Kaltenborn. On 20 July 2016 it was announced that Swiss based investment firm Longbow Finance had bought both Peter Sauber and Monisha Kaltenborn's shares in the company, which made Longbow Finance the sole owner of Sauber. Longbow's owners are said to include Swedish billionaires Finn Rausing, Stefan Persson and Karl-Johan Persson. On 29 November 2017, Sauber announced that they had signed a multi-year technical and commercial partnership contract with Alfa Romeo, therefore the team was renamed to Alfa Romeo Sauber F1 Team for the 2018 season onwards.

4. Sauber confirmed their new multi-year agreement with Ferrari for up-to-date engines starting in 2018. On 11 September 2018, Sauber announced that Kimi Räikkönen would be returning to drive for the team for the 2019 and 2020 seasons, swapping places with Charles Leclerc who would be moving to Ferrari. On 1 February 2019, Sauber announced that it would compete in the 2019 season as "Alfa Romeo Racing" although the ownership and management structure would remain unchanged. “Running a Formula One team from picturesque Switzerland was considered foolish by almost everyone in the sport when we started. The way it developed seems to be little short of a miracle. With the Sauber F1 Team, we have managed to establish a motorsport culture in a country that still has restrictions on motor racing. It is a work of a lifetime which is being carried forward by all the people in Hinwil with the same passion and vision. Today, we all feel obliged to preserve this. That is what drives us forward.” Peter Sauber Source from - https://www.pr.com/press-release/815159