April 11, 2002

Jaguar offers cash incentives to Trans Am winners

Jaguar XKR Trans Am
Rocketsports Racing’s 2002 Jaguar XKR Trans-Am Series challenger. Click image to enlarge

Irvine, California – Jaguar North America announced it will expand its popular Trans-Am Series contingency award program. In addition to continuing last year’s pole award, the 2001 manufacturers’ champion will also add a cash payment to competitors driving Jaguar XKR-bodied cars finishing in first, second and third place in each race.

“There’s a growing number of Jaguar XKR racers in the series, and this
sponsorship recognizes those competitors campaigning individually, and waving
the company banner throughout the season,” said Sue Callaway, vice president
and general manager, Jaguar North America. “The Series mandates a new
narrow-bodied vehicle, and this provides a visual connection between our
production Jaguar XKR and the racecar on the track.”

The Jaguar Contingency Award Program will reward Jaguar drivers U.S.$5,000 for
a win, $3,000 for second, and $2,000 for a third-place finish. Jaguar also
will continue to support the Jaguar Pole Award program, which is open to all
Trans-Am competitors. The Pole Award is given to the fastest qualifier in
each of the 12 Trans-Am Series races in the form of a key. At the end of the
season, one lucky key holder will have an opportunity to start the engine of a
Jaguar XKR sports coupe, and drive away with a two-year lease.

The Trans-Am Series is the premier form of professional closed-roof
performance coupe and sedan road racing in North America. After 37 years, it
is also the longest-running road racing series in North America. The Series
runs many of its races in conjunction with the CART FedEx Series, and the
American Le Mans Series. The first race of the season will kick off with the
Johnson Controls 100 on the streets of Long Beach, California, April 14, 2002.

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