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SAF-HOLLAND S.A. announces all-cash offer for Haldex to create a new integrated champion for chassis-related commercial vehicle components - Seite 3

the combined group's sales share in the aftermarket business would exceed
the level of 30 per cent targeted by SAF-HOLLAND under its "Strategy 2020".
The new group would also benefit from substantial further growth potential
in the global aftermarket businesses, through combining the respective
regional network additions as well as leveraging SAF-HOLLAND's sales
channels and infrastructure for Haldex' products. With around 9,000
aftermarket and service stations, SAF-HOLLAND features a unique worldwide
distribution network for spare parts already.

Furthermore, the market demand for aggregate system solutions, especially
in the United States, as well as SAF-HOLLAND's close relationships with
major global fleet operators would enable the combined group to further
improve the approach towards end customers and develop products that meet
exactly their needs; end customers are a strategically important target
group as they play a key part in the decision which components are
purchased by truck and trailer manufacturers. In addition, SAF-HOLLAND and
Haldex could leverage their opportunities with Chinese bus OEMs, fortifying
their position in this segment.

As part of SAF-HOLLAND's "Strategy 2020", the company aims at realizing EUR
1.5 billion in sales by 2020. With the planned acquisition of Haldex, SAF-
HOLLAND is expected to deliver on this target ahead of time. The Haldex
Group is expected to deliver a positive contribution to SAF-HOLLAND's
earnings already in the first year of the transaction. Additional
significant growth potential for the combined business is expected in the
following years.

The offer is fully financed by cash already available to SAF-HOLLAND as
well as credit facilities secured for the intended transaction. The
conditions to drawdown under such credit facilities are customary for
facilities of this type. The offer is not subject to any financing
condition. SAF-HOLLAND intends to refinance parts of the purchase price for
Haldex by way of a capital increase, utilizing its existing authorized
share capital up to the authorized extent.

The offer is conditional, among other things, upon being accepted by
Haldex' shareholders to an extent that SAF-HOLLAND becomes the owner of
more than 90 per cent of the outstanding shares in Haldex. The announced
transaction is subject to merger control clearance by the relevant
authorities; this process will be initiated shortly. Detailed terms and
conditions of the offer have been published in the formal announcement of