Haldex divests the disc brake friction material business

Haldex divests the disc brake friction material business

As a final step of the restructuring of Friction Products, a business unit
within the Commercial Vehicle Systems (CVS) division, Haldex has signed an
agreement to divest the disc brake friction material business.

At the end of 2007, Haldex announced that a review was to be conducted of the
production structure of Friction Products, a business unit within the Commercial
Vehicle Systems (CVS) division. 

Friction Products is responsible for the manufacture and sale of pads for disc
brakes and linings for drum brakes in the North American. Haldex has produced
these products in a plant in Prattville, Alabama, USA. 

The initial step in the restructuring plan was to discontinue the production of
drum brake linings at the plant in Prattville, which was completed during the
first quarter of 2008.  Haldex outsourced drum brake lining manufacturing to a
number of high quality global suppliers.  CVS N. America will continue to sell
and give technical support for drum brake friction products through their
service center network.

As a final step of the restructuring, Haldex has entered into an agreement to
sell the disc brake friction material business to a Brazilian company, Fras-Le
S.A. through its North American subsidiary, Fras-Le North America, Inc., on June
30, 2008. The transaction includes all tangible and intangible assets of the
disc brake friction material business, excluding the land and building. The
revenue of the business was approximately 100 MSEK in 2007. The parties expect
the transaction to close on July 31, 2008.

Approximately 80 employees will be affected by the changes. 



For additional information, please contact Joakim Olsson, President and Group
CEO, phone. +46 8 545 049 52 or +46 70 545 86 54 or Stefan Johansson, CFO,
phone. +46 8 545 049 52 or +46 70 224 24 01.

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 Stockholm Stock Exchange and has annual sales of nearly
8 billion SEK with 6,000 employees.

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 Monday, 30 June 2008.