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VALEO: 28% GROWTH IN SALES

6 January 2000

VALEO: 28% GROWTH IN SALES

    PARIS--January 6, 2000--Valeo's 1999 consolidated sales totaled 7.7 billion euros, up 28% over 1998.
    Group sales progressed on all continents except for South America. In Europe, sales rose by 13%, in North America, by 86% and in Asia, by 83%.
    Original equipment sales increased by 32%. The aftermarket business grew by 14%.
    Valeo's growth, at a constant reporting entity and exchange rates, was 2.2%, and 4.1% excluding South America.
    Commenting these results, Noel Goutard, Chairman and CEO of Valeo, stated: "The 28% rise in sales was achieved through internal growth and especially due to the acquisitions carried out in 1998 and 1999. Our new initiatives will enable the Group to pursue its high level of profitable growth in 2000 and beyond."
    Valeo will publish its final 1999 results on January 31, 2000.
    Valeo is an independent industrial group fully focused on the design, production and sale of components, integrated systems and modules for cars and trucks, and ranks among the world's top automotive suppliers. The Group has 113 plants, 35 R&D centers and 10 distribution centers in 20 countries worldwide.