DGAP-News

SAF-HOLLAND withdraws all-cash offer for Haldex AB

DGAP-News: SAF-HOLLAND S.A. / Key word(s): Offer/Statement
SAF-HOLLAND withdraws all-cash offer for Haldex AB

25.08.2016 / 07:31
The issuer is solely responsible for the content of this announcement.

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The offer is not being made, and this press release may not be distributed,
directly or indirectly, in or into, nor will any tender of shares be
accepted from or on behalf of holders in, Australia, Canada, Hong Kong,
Japan, New Zealand, South Africa or any other jurisdiction in which the
making of the offer, the distribution of this press release or the
acceptance of any tender of shares would contravene applicable laws or
regulations or require further offer documents, filings or other measures
in addition to those required under Swedish law.

SAF-HOLLAND withdraws all-cash offer for Haldex AB

Luxembourg, 25 August 2016 - SAF-HOLLAND GmbH ("SAF-HOLLAND"), a wholly-
owned subsidiary of SAF-HOLLAND S.A., announced an all-cash offer for
Haldex AB (publ) ("Haldex") in the amount of SEK 94.42 per Haldex share on
14 July 2016 (the "Offer"). On 11 August 2016, SAF-HOLLAND gave notice, in
light of a higher offer announced by another bidder on 4 August 2016, that
the Offer price would not be increased.

The acceptance period for the Offer ended on 24 August 2016. As of the end
of the acceptance period, 199,461 Haldex shares, representing 0.45 per cent
of the outstanding shares and votes, had been tendered.

Completion of the Offer was, among other things, conditional upon the offer
being accepted by Haldex' shareholders to such an extent that SAF-HOLLAND
would become the owner of shares representing more than 90 per cent of the
outstanding shares in Haldex. This condition has not been satisfied. Thus,
SAF-HOLLAND has decided to withdraw the Offer.

Accordingly, the shares tendered will not be acquired by SAF-HOLLAND and
will remain in the respective holders' ownership without any action needed
on the part of the shareholder. As previously communicated, SAF-HOLLAND is
holding 1,590,000 shares in Haldex, representing 3.6 per cent of the
outstanding shares and votes, following purchases prior to the Offer
announcement.

SAF-HOLLAND remains commited to generating value for all its stakeholders
and delivering on its Strategy 2020. The Group sees itself very well
positioned as it operates on the basis of a strong business model and long-
standing relationships to its customers. Furthermore, it has a number of