Spyker Cars N.V., manufacturer of high-quality sports cars, today announced the trading update for the first quarter of 2005. Spyker Cars is listed on Eurolist by Euronext Amsterdam.

US certification: Spyker has obtained the approval for its C8 short wheel base models by EPA in the United States of America. Certification of Spyker’s long wheel base models
(C8 Double12 S and Double12 Spyder) is expected by Summer 2005.
Strong positive impact of US certification on sales in 1st quarter of 2005.
Order backlog (cars on order still to be produced) increased from 99 at the end of 2004 to 131 cars at the end of the 1st quarter.
Car production and delivery 1st quarter 2005 reached 12 cars.
Karmann production agreement for 350 bodies in white, expected to be closed within
a short time frame.
Karmann agreement will have strong positive impact on cost price reduction.
The company announced that it will be cash flow positive as from the beginning of 2006.
Issue of 125.000 new ordinary shares at 12,00 euro per share. Placed with private investors including CEO Victor Muller and Mr. R. van de Laar.
AEK (Amsterdams Effectenkantoor) will become a liquidity provider for Spyker as of
May 1, 2005.
New dealer Spyker of Delray Beach, Florida, USA appointed. Official openings ofSpyker of Portland, Oregon, USA and Spyker of Sherman Oaks, California, USA took place.
In March 2005 Spyker Squadron participated during the 12-hour race in Sebring, Florida, USA with its new race model Spyker C8 Spyder GT2R.
Spyker Squadron will participate during the 24-hours of Le Mans, France with at least one Spyker C8 Spyder GT2R. A second car is on the back-up list.
Successful motor show exhibitions at Los Angeles, USA (5-19 January), Amsterdam (9-20 February), Geneva (1-13 March) and Shanghai (22-28 April).
Introduction of new Spyker C12 LaTurbie, powered by a 6.0 litre W12 engine at Geneva’s Salon d’Automobile.
A Spyker C8 Laviolette (chassis number 015) will play a prominent role in the motion picture Basic Instinct 2: Risk Addiction, the sequel to the very successful film Basic Instinct. An agreement has been concluded in that respect with the producers of the film (MGM)
First annual general meeting of shareholders took place on April 14, 2005, at the Spyker factory in Zeewolde.
Interim results will be announced August 26, 2005.
Victor Muller, CEO of Spyker Cars says: "The first quarter of 2005 has been exiting for the company and its management, with major achievements in all aspects of the business. The US certification will have a strong positive impact on US sales and deliveries. Cost price of our product will be significantly reduced by the Karmann agreement."

Muller continues: "The agreement with MGM on the role of a Spyker C8 Laviolette in the motion picture Basic Instinct 2: Risk Addiction and the entry of two cars for Le Mans, will strongly support our marketing and brand awareness all over the world. It all proves Spyker Cars is on the right track in building a premium brand in the highest segment of the sports cars market."