Valeo Management Services

Valeo Combined Annual General Shareholders' Meeting Notice

    Paris (ots/PRNewswire) - The Valeo Board of Directors, which met today, has called the Combined Annual General Meeting of Shareholders (AGM). Given the changes in quorum rules, the AGM will most likely be held on first notice on May 17, 2006 at 3 p.m. at Paris Expo CNIT La Defense, 2 place de la Defense 92053 Paris La Defense. Failing a quorum, the AGM will be held on May 30, 2006, at a location to be communicated later.

    The Board will propose to the Ordinary AGM the payment of a dividend of 1.1 euros per share, representing a payout ratio of 60%. Payment of the dividend is planned for June 1, 2006. The Board will also propose the appointment of two new independent members, Daniel Camus and Jerome Contamine. In addition, it will propose a renewal of the authorization to trade in the Company's shares.

    Regarding resolutions of an extraordinary nature, the Board will propose modifications to the Company by-laws in order to adapt them to the new Code of Commerce measures now in force.

    Valeo (Euronext Paris: FR, OTC: VLEEY) 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 134 production sites,  65 R&D centers, 9 distribution platforms and employs 70,400 people  in 26 countries.

ots Originaltext: Valeo
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For more information, contact: Bruno-Roland Bernard, Group
Communications Director, Tel.: +33-40-55-37-86, Remy Dumoulin,
Investor Relations Director, Tel.: +33-1-40-55-29-30

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