Basel, Switzerland – 16 November 2018 – Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, congratulates Mercedes-AMG Petronas Motorsport on becoming the 2018 FIA Formula One™ World Constructors’ Champions*, which was secured at the Brazilian Grand Prix on 11 November 2018 in São Paulo. Mercedes-AMG Petronas Motorsport is only the second team to win five consecutive Constructors’ titles since it was first awarded in 1958.

This historic win follows driver Lewis Hamilton gaining his fifth FIA Formula One™ World Drivers’ Championship title*, which he secured at the Mexico Grand Prix on 28 October 2018. Hamilton is just the third driver in the sport’s history to become a five-time World Driver’s Champion, alongside legends Michael Schumacher and Juan Manuel Fangio. Each of Hamilton’s titles has been won with Mercedes-Benz power, and four of them at the wheel of a Silver Arrow.

Robert Bryant, Axalta’s Interim Chief Executive Officer, commented, “On behalf of Axalta, I would like to congratulate Mercedes-AMG Petronas Motorsport on its fifth consecutive FIA Formula

One™ World Constructor’s Championship, and Lewis Hamilton on winning his fifth FIA Formula One™ World Drivers’ Championship. Both of these incredible achievements are the culmination of terrific teamwork and outstanding performance, values we share with Mercedes-AMG Petronas Motorsport. We’re happy to be part of creating a winning formula of technology and innovation with Spies Hecker’s lightweight and highly-efficient paint systems."

Axalta has a long-lasting relationship with Mercedes-AMG Petronas Motorsport as Official Team Supplier. Axalta’s premium global refinish brand Spies Hecker has been responsible for the paint on the team’s Silver Arrows race cars, including this year’s Mercedes-AMG F1 W09 EQ Power+, for more than five years. Axalta works closely with the team’s Paint Shop in Brackley, UK, to ensure that the paintwork on the cars is light, durable and can withstand the extreme track conditions, while also looking stunning.

For more information on Axalta and its links to motorsports, visit www.axaltaracing.com.

For more information about Spies Hecker and its relationship with Mercedes-AMG Petronas Motorsport, please follow the brand on www.facebook.com/spieshecker or on Twitter @spieshecker, or visit www.spieshecker.com/F1speed.

To find out more about Mercedes-AMG Petronas Motorsport, follow #HiFive at www.facebook.com/MercedesAMGF1, www.instagram.com/MercedesAMGF1 and www.twitter.com/MERCEDESAMGF1.

About Axalta

Axalta is a leading global company focused solely on coatings and providing customers with innovative, colourful, beautiful and sustainable solutions. From light OEM vehicles, commercial vehicles and refinish applications to electric motors, buildings and pipelines, our coatings are designed to prevent corrosion, increase productivity and enable the materials we coat to last longer. With more than 150 years of experience in the coatings industry, the 14 000 people of Axalta continue to find ways to serve our more than 100,000 customers in 130 countries better every day with the finest coatings, application systems and technology. For more information visit axalta.co.uk and follow us @Axalta on Twitter and on LinkedIn.

* Subject to official confirmation by the FIA of the results of the 2018 FIA Formula One^TM World Championship