Haldex receives a development business for its AWD system.

Haldex receives a development business for its AWD system. Stockholm, Sweden, January 8, 2004 - Haldex Traction Systems, a division in the Haldex grop, has received a development assignment from a European car manufacturer. In close cooperation with the customer, the assignment aims at further developing the vehicle dynamics characteristics of the Haldex AWD system in order to maximize sportyness and driving joy with retained safety properties. If the contemplated car project is realized, the yearly delivery value is estimated at 6-7 MSEK from 2006. Haldex Traction Systems is a division in the Haldex group and develops, manufactures and markets electronically controlled four-wheel-drive systems (AWD systems). Haldex (www.haldex.com) is a vehicle technology company with proprietary systems and products for applications in the areas of vehicle dynamics & motion control, performance & safety, and fuel & environmental efficiency. The product range includes brake systems for heavy vehicles, power systems for off-road vehicles, four-wheel-drive systems for light vehicles, and specialty spring wire products for combustion engines. For further information Claes Warnander, President and CEO, or Lennart Hammargren, CFO, phone +46 8 545 049 50. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/01/08/20040108BIT20060/wkr0006.pdf

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Over 100 years of powerful innovation gives Haldex unsurpassed expertise when it comes to braking systems and air suspension systems for heavy trucks, trailers and buses. We live and breathe our business with the goal to deliver robust and technically superior solutions which is founded in a deep insight in our customer’s reality. Through focusing on our core competences and the passion we all share, we achieve the agility and flexibility that the market demands. Innovative collaborations aren’t only the core of our products, but our philosophy. Our 2300 employees, spread out across four continents, challenge the conventional on a daily basis in order to secure that the products we deliver create a unique value to our customers and the end users. We are listed on Nasdaq Stockholm and have a turnover of approx. 5 billion SEK.

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