Update on the reorganization process in Haldex

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On July 16, 2010 the Haldex Board of Directors announced that it will propose a reorganization of the divisions of Haldex into three separate listed companies, with the intention of submitting a proposal to shareholders at the AGM in the second quarter of 2011. 

The internal reorganization process is underway, and proceeding according to schedule. Haldex intends to make an update on the progress and costs of the restructuring in conjunction with the Q3 results announcement, on October 21, 2010.

For additional information, please contact:

Joakim Olsson, President and Group CEO or Stefan Johansson, CFO, phone 46 8 545 049 52.

Haldex (www.haldex.com), headquartered in Stockholm, Sweden, is a provider of proprietary and innovative solutions to the global vehicle industry, with focus on products in vehicles that enhance safety, environment and vehicle dynamics. Haldex is listed on the Nasdaq OMX Stockholm Stock Exchange and had net sales of nearly 5.5 billion SEK in 2009. The number of employees amounts to about 4,000.

Haldex discloses the information in this press release according to the Swedish Securities Market Act and/or the Swedish Financial Trading Act. The information was provided for public release on Thursday September 23, 2010.