Trelleborg signs agreement with Freudenberg to form a global company in antivibration solutions

Trelleborg signs agreement with Freudenberg to form a global company in
antivibration solutions

Trelleborg and Freudenberg have signed an agreement to form a 50/50 joint
venture to produce antivibration solutions for light and heavy vehicles.
Completion of the transaction is subject to the approval of the relevant
competition authorities. As announced on January 17, 2011, when a letter of
intent was signed by both parties, the new joint venture will comprise
Trelleborg Automotive's operations in antivibration solutions and Freudenberg's
corresponding activities, Vibracoustic.

“The signing of this agreement is a further step in our strategy to focus and
strengthen Trelleborg in selected segments. It allows us to develop other parts
of the Group. At the same time we create a global leader in antivibration
solutions, a growing segment within the automotive industry. This agreement will
generate value for Trelleborg, our customers and our shareholders,” says
President and CEO Peter Nilsson.

“The joint venture will be a global leader in antivibration solutions that will
be able to offer the market’s best geographical coverage and broadest product
portfolio. The offering to our customers will be strong,” continues Peter
Nilsson.

Trelleborg and Freudenberg have reached an agreement in respect of the joint
venture on all points of principle and only certain ancillary and transitional
arrangements regarding the joint venture remain to be finalized, which is
estimated to be done in January 2012. Completion of the transaction is then
subject to approval of the relevant competition authorities.

“We will now continue our work to bring this joint venture to fruition. Together
with Freudenberg, we will immediately apply for competition law clearance in
Brazil and during January 2012 we will finalize the remaining ancillary
documents in order to be able to then submit a formal application to the other
relevant competition authorities requesting authorization to form the joint
venture,” concludes Peter Nilsson.

At year-end 2010, total annual sales for the joint venture were estimated at
approximately
SEK 12 billion, with 8,100 employees in 17 countries. The part of Trelleborg
Automotive that will be included in the joint venture relates to the
antivibration business for light and heavy vehicles. At year-end 2010, it
accounted for about 75 percent of sales in Trelleborg Automotive and had annual
sales of approximately SEK 6.3 billion and approximately 5,200 employees.
Trelleborg Automotive’s operations outside the area of antivibration are not
affected.

Apart from the information presented above, Trelleborg has nothing further to
communicate at this time.

For further information, please contact:
Media: Vice President Media Relations Karin Larsson, 46 (0)410 67094, 46 (0)733
747015, karin.larsson@trelleborg.com
Investors/analysts: Vice President IR Christofer Sjögren, 46 (0)410 67068, 46
(0)708 665140, christofer.sjogren@trelleborg.com

This is information of the type that Trelleborg AB (publ) is obligated to
disclose in accordance with the Swedish Securities Exchange and Clearing
Operations Act and/or the Financial Instruments Trading Act. The information was
issued for publication on December 22, 2011, at 09:00 a.m.