KAR Auction Services, Inc. (NYSE: KAR), a global automotive remarketing and technology services company, announced it has reached a definitive agreement to acquire Belgium-based CarsOnTheWeb (COTW). KAR is a Fortune 750 company with 17,500 employees across the United States, Canada, Mexico and the United Kingdom. KAR’s diverse team helps the world’s largest automotive marketplaces buy, sell and trade used vehicles. Last year KAR facilitated more than 5.5 million transactions valued at over $40 billion through its physical, online, and digital/mobile auction marketplaces. COTW’s highly complementary assets and capabilities will help fuel KAR’s continued growth and allow KAR to deliver more globally integrated solutions to its customers. #702 Fortune 1000 list $3.5B revenue $40B value of vehicles sold 40M data from ancillary and related services annually ~50% vehicles sold online 5.5M vehicles sold annually 75 auction locations 3.2M vehicles sold 192 auction locations 2.4M vehicles sold (includes HBC) 130 branch locations ~1.7M loan transaction units 120 countries in our customer base 17.5K employees 300+ operating locations across the US, Canada, Mexico & UK KAR to Extend International Footprint with Agreement to Acquire CarsOnTheWeb Online Auction Types KAR Auction Services, Inc. CarsOnTheWeb 97% cross border sales 19 languages 170 employees 40K+ registered dealers* Pan- European logistics Dynamic auctions Target auctions Buy Now auctions Blind auctions “x-Time” auctions Core Businesses *Figures represent 12 month period. Location data as of November 2018. All other KAR company figures represent end of year 2017 data. | Rev. 11/18 Additional KAR Business Units Operating locations Buyer Distribution Partnerships COTW offices VAT Compliant processes