Institutional Shareholder Services (ISS) and Glass Lewis Recommend That Valeo Shareholders Vote Against Pardus Resolutions

Paris, France (ots/PRNewswire) - Valeo announced today that two
leading independent proxy voting advisors, ISS and Glass Lewis had
recommended that Valeo shareholders vote against the resolutions
proposed by Pardus for eight Valeo Board members at the Annual
General Meeting to be held on 21 May 2007. They also recommended
voting for all of the Board's proposals.

In their analysis ISS stated that the main reasons for their
recommendation were the following:

- Risk of conflict of interest: Pardus holds approximately
17.4% of Visteon, which is a serious competitor of Valeo.

- Absence of proportionality: Pardus' request for eight out of
thirteen Board Members exceeds any proportionality for a shareholder
with 13% of the share capital

- Risk of a divided board, which would not be in the interests
of shareholders

- Absence of prior discussions with Valeo management.

At the same time, ISS recommended that shareholders support
Valeo's recommendations for Board members which would lead to a
significant number of independent directors.

Glass Lewis recommended that shareholders vote against the Pardus
resolutions as, without the support of the rest of the Board Members,
the proposed directors could prove disruptive to the Board which
would not be in shareholders' interests.

Valeo 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 131 production sites, 68 R&D centers, 9
distribution platforms, and employs 71,100 people in 29 countries
worldwide.

For all additional information, please contact:
Kate Philipps
Group Communications Director
Tel: +33-1-40-55-20-65
Rémy Dumoulin
Investor Relations Director
Tel: +33-1-40-55-29-30

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

ots Originaltext: Valeo Management Services
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For all additional information, please contact: Kate Philipps, Group
Communications Director, Tel: +33-1-40-55-20-65; Rémy Dumoulin,
Investor Relations Director, Tel: +33-1-40-55-29-30


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