Valeo

Earnings Release • Sep 28, 2010

10.21

Valeo revises upwards automotive production estimates for 2010

Paris, France, September 27, 2010 – Valeo today announced that it now expects global automotive production to recover at a faster rate than the Group forecasted in July this year (increase of 19% for the full year as compared to 16% previously anticipated).

In this context Valeo is continuing to outperform its main markets and the Group's revenues in the second half should be significantly above what was expected in July.

Valeo will revise its guidance for the full year on October 21st at the occasion of the publication of its third quarter sales.

Valeo is an independent group, fully focused on the design, production and sale of components, integrated systems and modules for the automobile industry, mainly for the reduction of CO2 emissions. It is one of the world's leading automotive suppliers. The Group has 117 plants, 21 research centers, 40 development centers and 10 distribution platforms and employs 56,000 people in 27 countries worldwide.

For additional information, please contact:

Kate Philipps, Valeo Group Communications Director, Tel.: +33 1 40 55 20 65 Thierry Lacorre, Valeo Group Investor Relations Director, Tel.: + 33 1 40 20 39

For more information about the Valeo Group and its activities, please visit our web site www.valeo.com.