Changes in Haldex Group Executive Committee

Effective October 1, 2006, Jay Longbottom, Executive Vice President and Head of Hydraulic Systems Division, has been appointed Head of Commercial Vehicle Systems Division. Jay Longbottom has successfully headed the Hydraulic Systems division since 2002, and before that he had an international career in the US as well as Europe. A search has been initiated for a new Hydraulic Systems Division head. In the meantime, Brian Nelson will serve as acting head of the Hydraulic Systems Division. Brian Nelson is currently Vice President and General Manager North America, Hydraulic Systems Division. Effective October 1, 2006, Charles Kleinhagen has left his position as Executive Vice President and Head of Commercial Vehicle Systems Division. He will work with special projects, reporting to Joakim Olsson, CEO. Jan-Erik Dantoft, Executive Vice President Operations and member of Haldex Group Executive Committee,will leave the Group on December 1, 2006 for a leading position with another Swedish industrial company. His areas of responsibilities will be transferred to other members of the Haldex Executive Committee as well as to other members of Group Management. Stockholm, Sweden, October 3, 2006 Joakim Olsson CEO