Valeo Board of Directors Meeting

Paris (ots/PRNewswire) - Valeo's Board of Directors, which met
today, has co-opted Helle Kristoffersen as an independent director,
replacing Veronique Morali who resigned in light of her new
functions. This co-optation will be submitted for ratification at the
forthcoming Annual General Meeting of Shareholders.

Helle Kristoffersen is Vice-President Corporate Strategy with
Alcatel-Lucent, a Group within which she has held a variety of
management positions since 1994. She began her career at the Lazard
investment bank, before joining the management of Bollore
Technologies.

The Board also specified that it had received an indication of
interest from an investment fund regarding the Company's share
capital. It considers that it is in the Group's interest to explore
this, in a preliminary and non-exclusive manner, while examining at
the same time other strategic options.

Valeo is an independent industrial group dedicated to the design,
production and sale of components, integrated systems and modules for
cars and trucks. It is one of the world's leading automotive
suppliers. The Group has 129 production sites, 68 R&D centers, 9
distribution platforms, and employs 69,800 people in 29 countries
worldwide.

For all additional information, please contact:

Kate Philipps, Group Communications Director, Tel:
+33-1-40-55-20-65

Remy Dumoulin, Investor Relations Director, Tel: +33-1-40-55-29-30

Rückfragehinweis:
For all additional information, please contact: Kate Philipps, Group
Communications Director, Tel: +33-1-40-55-20-65, Remy Dumoulin,
Investor Relations Director, Tel: +33-1-40-55-29-30

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