The shareholders of Haldex Aktiebolag (publ) are hereby invited to attend the annual general meeting to be held at 14.00 CET on Tuesday 23 June 2020, at Strandvägen 7A, Strandvägen 7, Stockholm, Sweden.

The board of Haldex Aktiebolag (publ) (”Haldex” or the “Company”) has, pursuant to the authorization given at the annual general meeting 2019, resolved to issue a total of 4,421,597 new shares to AMF Pensionsförsäkring and AFA Försäkring. The new shares have been issued at a subscription price of SEK 35.56 per share, corresponding to the volume-weighted average price of the Company's share on Nasdaq Stockholm during the last five trading days prior to the board’s resolution to issue new shares.

Haldex Aktiebolag (publ) (”Haldex” or the ”Company”) has reached an agreement with the Company’s lenders including to extend the maturity of the existing syndicated credit facility of EUR 90 million and the existing short-term loan of SEK 270 million to April 2022 and to make certain adjustments to the terms of the loans regarding financial ratios and the interest rates. The agreement also stipulates that the Company be provided with new equity. The parties intend to conclude final agreements shortly.

Haldex has recruited Lottie Saks as new CFO. She succeeds Andreas Larsson, who ends on 30 July 2020. Lottie will take up the position as CFO on 1 June 2020.

Haldex extends the short-term working plan (previously called short-term layoffs) for most employees in Landskrona, introduced on 30 March. In total, approximately 250 employees are affected.

Haldex and the Wielton Group have entered into a cooperation where Haldex will be the leading supplier of EBS and air suspension systems, thus supporting the Wielton Group to expand their services for fleets all over Europe.

Covid-19 puts pressure on operations and Haldex implements long-term structural savings programme

The Board of Directors of Haldex has decided to postpone the Annual General Meeting 2020 due to the uncertain situation and effects of the COVID-19 outbreak.

There is still a high degree of uncertainty regarding both short- and long-term effects of COVID-19, but there has been substantial negative impact on both demand and operations during March. For the first quarter of 2020, Haldex expects sales and operating margins to be significantly lower than was expected in the previously communicated full-year forecast. Given the circumstances, Haldex has withdrawn the full year forecast and at this stage no updated forecast can be submitted.