Mr Max Mosley and Members of the World Motor Sport Council

President

Federation Internationale de L'Automobile

7 Boulevard de Moulins

MC9800

Monaco

05 December 2007

Private & Confidential

Dear Mr Mosley and Members of the World Motor Sport Council,

We have very recently received a copy of the report by the FIA Technical Department, to the World Motor Sport Council pursuant to its 13th September 2007 decision. In the light of this report and its conclusions we felt that it was appropriate to write directly to you to express our sincere regret in regard to some of the matters that had been brought to light.

Whilst with great respect to the authors of the report, we do not agree with all of the conclusions that have been drawn following this most impressively thorough and daunting investigation into the engineering processes of McLaren Racing, we accept the central conclusion that some pieces of Ferrari information may have been disclosed via Nigel Stepney and Mike Coughlan, directly or indirectly to individuals within McLaren other than Pedro de la Rosa and Fernando Alonso.

It is a matter of deep regret for us that our understanding of the facts has improved as a result of the FIA inspection rather than our own prior investigations. We apologise unreservedly if our prior ignorance of some of these facts has misled the World Motor Sport Council and we can only assure you all that this was never our intention.