Statement by the Board of Directors of Haldex in relation to the public cash offer by Knorr-Bremse

The Board of Directors of Haldex unanimously recommends the shareholders of
Haldex not to accept the offer made by Knorr-Bremse.
BACKGROUND

This statement (the “Statement”) is made by the Board of Directors (the “Board”)
of Haldex Aktiebolag (“Haldex” or the “Company”) pursuant to Section II.19 of
Nasdaq Stockholm’s Takeover Rules (the “Takeover Rules”).

On 5 September 2016, Knorr-Bremse AG (“Knorr-Bremse”) announced a public cash
offer to Haldex’s shareholders to transfer their shares in Haldex to Knorr
-Bremse. Knorr-Bremse is offering SEK 110.00 per Haldex share. For more
information about the Knorr-Bremse offer, please refer to Knorr-Bremse’s
announcement of its offer, available at www.Knorr-BremseandHaldex.com.

Earlier today ZF Friedrichshafen AG, through its wholly-owned subsidiary ZF
International B.V. (“ZF”), announced an increase of its public cash offer to
Haldex’s shareholders from SEK 100.00 to SEK 110.00 per Haldex share. For more
information about the increased offer by ZF, please refer to ZF’s announcement
today, which is available at www.zf.com.

The Chairman of Haldex, Göran Carlson, AFA Försäkring and Handelsbanken Fonder,
whose shareholdings in Haldex represent in aggregate approximately 17.06% of the
total number of shares and votes in Haldex, have agreed to sell all their Haldex
shares to ZF, subject to certain conditions. Please refer to ZF’s announcement
of today for more information about these agreements.

As a result of Göran Carlson having agreed to sell his shares to ZF subject to
certain conditions, Göran Carlson has not participated in the Board’s decision
regarding the Statement. The Board has appointed Magnus Johansson as acting
chairman for the purpose of handling the Board’s decisions in relation to the
ongoing offers for Haldex.

Haldex has retained Lazard as financial adviser and Mannheimer Swartling as
legal adviser.

THE BOARD’S EVALUATION OF OF KNORR-BREMSE’S OFFER

The Board has unanimously decided to recommend the Haldex shareholders to accept
the increased offer by ZF, having concluded that the offer by ZF provides the
Haldex shareholders with significantly greater deal certainty than Knorr
-Bremse’s offer and is likely to close significantly faster than Knorr-Bremse’s
offer. For more information about the reasons for the Board’s recommendation of
ZF’s offer, please refer to the Board’s statement in relation to ZF’s increased
offer that was announced earlier today through a separate press release, which
is available at http://corporate.haldex.com.

On this basis, the Board unanimously recommends the Haldex shareholders not to
accept the offer by Knorr-Bremse.

Under the Takeover Rules the Board is required, on the basis of Knorr-Bremse’s
statements in the offer document concerning Knorr-Bremse’s offer, to make public
its opinion of the effects the implementation of Knorr-Bremse’s offer may have
on Haldex, specifically employment, and its views on Knorr-Bremse’s strategic
plans for Haldex and the effect these may be expected to have on employment and
the places where Haldex conducts its business. Knorr-Bremse has in this respect
stated:

“Knorr-Bremse values the competence and expertise of Haldex’s management and the
preservation of Haldex’s excellent employee relationship will be a key focus
during integration. Managing the integration of Haldex as a highly valued asset
of the group will be of full attention by Knorr-Bremse’s senior management.
Knorr-Bremse does not currently intend to implement any material changes to
Haldex’s operational sites, to its employees or their terms of employment.” The
Board assumes that this description is accurate. However, in the Board’s
opinion, the description does not address the risk of competition authorities
seeking divestitures or other remedies in order to approve the completion of
Knorr-Bremse’s offer. The Board is at this stage unable to assess the potential
impact on the business of Haldex, its employees and its operational sites of any
such remedies.

___________

The Statement shall in all respects be governed by and construed in accordance
with substantive Swedish law. Disputes arising from the Statement shall be
settled exclusively by Swedish courts.

___________

Landskrona, 14 september 2016

Haldex Aktiebolag (publ)

The Board of Directors
For further information, visit http://corporate.haldex.com or contact:

Magnus Johansson, Board member and acting chairman
Phone: +46 706 671812

Catharina Paulcén, SVP Corporate Communications
Phone: +46 418 476157
E-mail: catharina.paulcen@haldex.com

Haldex AB (publ) is required to publish the above information under the EU
Market Abuse Regulation and the Takeover Rules. The information was submitted
for publication by the Haldex media contact stated in the release on Sept 14,
2016 at 8.45 CEST.
About Haldex

With more than 100 years of intensely focused innovation, Haldex holds unrivaled
expertise in brake systems and air suspension systems for heavy trucks, trailers
and buses. We live and breathe our business delivering robust, technically
superior solutions born from deep insight into our customers’ reality. By
concentrating on our core competencies and following our strengths and passions,
we combine both the operating speed and flexibility required by the market.
Collaborative innovation is not only the essence of our products – it is also
our philosophy. Our 2,100 employees, spread on four continents, are constantly
challenging the conventional and strive to ensure that the products we deliver
create unique value for our customers and all end-users. We are listed on the
Nasdaq Stockholm Stock Exchange and have net sales of approximately 4.8 billion
SEK.