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Valeo to Transmit Its General Meeting of Shareholders Live on the Internet

20 May 1999

Valeo to Transmit Its General Meeting of Shareholders Live on the Internet

    PARIS, May 20 -- Valeo's Annual General Meeting of
Shareholders, to be held at the Palais des Congres in Paris on May 25 at
4 p.m., will be transmitted live and interactively on the Group's Web site:
http://www.valeo.com .
    During the transmission, Web surfers will be able to listen to the
presentations of Noel Goutard, Chairman and CEO of the Valeo Group, and the
other speakers, while following the visual aids on screen.  They will also be
able to address questions to the Chairman.  Valeo shareholders participating
in the Web conference cannot exercise their voting rights on-line, however,
but may, in accordance with the applicable regulations, vote by mail
(following the usual procedures) or by proxy.
    The transmission of sound and video images on the Internet is based on
"Real Video," a frequently used technology on this network.  Valeo recommends
that all Web surfers who do not have the "RealPlayer" program download it from
the Valeo Web site, free of charge, before the May 25 General Meeting.  Valeo
has also opened a Web-based "hotline" to answer any technical questions.
    In order to participate in the meeting via the Internet, Web surfers must
sign up beforehand.  This can be done as of today on the Valeo Web site, where
full details of the operation are provided.

    Valeo is an independent industrial Group fully focused on the design,
production and sale of components, integrated systems and modules for cars and
trucks.  With sales of 6,019 million euros in 1998, it ranks among the world's
top 10 automotive suppliers.  The Group has 114 plants, 29 R&D centers and
12 distribution centers in 20 countries worldwide.
    For more information on the Group and its businesses, please consult the
Group's Web site: http://www.valeo.com .

    CONTACT:  Kim Derderian of Valeo, +33-1-40-55-20-34.