Valeo.com Receives Accolade From Shareholders

    PARIS--June 14, 2002--Valeo (Paris: FR; OTC: VLEEY) The Challenger Award, for the wealth and diversity of web site information, has been presented to Valeo following a poll of shareholders in the Paris Euronext.
    Valeo representatives received the Award at a ceremony held in Paris on June 11 which was sponsored by Boursorama, the premier free site for stock exchange shareholder information, and TLB, a consultancy specializing in shareholder attitudes.
    The 2002 Boursoscan Study, the second to be undertaken, surveyed the web sites of companies quoted on the Paris Stock Exchange. Over 7,000 shareholders participated in the survey making 14,000 web site visits, and over 9,500 evaluation reports were collated and analyzed by Boursoscan for the Awards.
    Commenting on the Challenger Award presented to Valeo, Charles-Henri d'Auvigny, executive vice president, TLB, said, "Valeo won this award because of the wealth and diversity of information they make available to shareholders and investors from their web site. The content allows a visitor to benefit from detailed information on many different aspects of the Valeo business. Valeo will certainly be one of the contenders for next year's Grand Prix Award. "
    Results of the Boursoscan Study confirmed an increase in the number of shareholders using web sites to access information.
    "Our web site serves the very important function of presenting important information to our various audiences. It is an integral part of the company's communication strategy. I am pleased that the internet community recognizes the advance of Valeo in the field of modern communication," said Thierry Morin, Chairman of Valeo's Management Board.
    Valeo is an independent industrial Group fully focused on the design, production and sale of components, integrated systems and modules for cars and trucks. Valeo ranks among the world's top automotive suppliers. The Group has 143 plants, 53 R&D centers, 10 distribution centers and employs nearly 71,500 people in 24 countries worldwide (end March 2002).
    For more information on the Group and its businesses, consult our website: www.valeo.com