Auditors

The Annual General Meeting elects two ordinary auditors and two deputy auditors for a period of three to four years at a time.

Auditors’ assignment

The auditors follow an audit schedule that was set in consultation with the Audit Committee. In connection with the audit, the auditors report their observations to Group Management for reconciliation and then to the Audit Committee. The report to the Audit Committee takes place after the conclusion of the audit of the administration and the review of the hard-close accounts and after the Annual Report is adopted.

The Board of Directors meets with the auditors at the February Board meeting where the auditors report their observations directly to the Board of Directors without the presence of the Executive Committee. Finally, the auditors participate in the Annual General Meeting and briefly describe their auditing work and summarize for the shareholders the recommendations in the Auditor’s Report.

Auditors elected for the period of 2007 to 2010

At the 2007 Annual General Meeting, Authorized Public Accountants Liselott Stenudd and Michael Bengtsson from PricewaterhouseCoopers AB were re-elected and newly elected, respectively, as auditors until the 2010 Annual General Meeting. Authorized Public Accountants Christine Rankin-Johansson and Ronnie Ekman were re-elected and newly elected, respectively, as deputy auditors.

Liselott Stenudd has been an Authorized Public Accountant since 1986, and is the elected auditor of such companies as SinterCast AB, Medivir AB, the Swedish Cargotec companies and Diamyd Medical AB. Michael Bengtsson has been an Authorized Public Accountant since 1988, and is the elected auditor of such companies as Enea, Onoff, Perstorp Holding AB and Sweco. Neither Liselott Stenudd nor Michael Bengtsson has assignments in other companies that are associated with Haldex’s largest owners or President.

Between 2004 and 2007, the auditors had extra assignments outside the scope of the ordinary audit. These assignments included consultations in tax and accounting issues and other company issues. These assignments are not considered to be in violation of the Code’s regulations.