Valeo is dedicated to the design, the manufacture and the sale of components, integrated systems and modules for cars and heavy lorries. 3 Fields of Innovation for surer, cleaner and more comfortable vehicles.

Share Price

Rating and Coverage

On May 3, 2011, Moody’s has improved Valeo’s rating from Ba1 to Baa3 outlook “stable”. Short-term rating has been changed from Not-Prime to Prime-3.

	Long term	Outlook	Short term
Moody's Notation	Baa3	Stable	Prime-3

List of analysts in charge of Valeo shares

Establishment	Name of analyst	Phone	e-mail
BANK OF AMERICA MERRILL LYNCH	Thomas Besson	+33 1 53 65 59 47	thomas.besson@baml.com
BARCLAYS CAPITAL	Martin Asenov	+44 207 77 35480	Martin.Asenov@barclayscapital.com
CA CHEVREUX	Bruno Lapierre	+33 1 41 89 74 53	blapierre@chevreux.com
CITI	Philip Watkins	+44 207 98 63949	philip.watkins@citi.com
CM CIC	Florent Couvreur	+33 1 45 96 77 60	couvrefl@cmcics.com
DEUTSCHE BANK SECURITIES	Gaëtan Toulemonde	+33 1 44 95 66 68	gaetan.toulemonde@db.com
EXANE BNP PARIBAS	Thierry Huon	+33 1 44 95 41 06	thierry.huon@exanebnpparibas.com
GOLDMAN SACHS	Stefan Burgstaller	+44 207 55 25784	stefan.burgstaller@gs.com
HSBC GLOBAL RESEARCH	Niels Fehre	+49 211 910 3426	niels.fehre@hsbc.de
KEPLER CAPITAL MARKETS	Pierre Boucheny	+33 1 53 65 35 06	pierre.boucheny@keplercm.com
MORGAN STANLEY	Edoardo Spina	+44 207 42 50664	edoardo.spina@morganstanley.com
NATIXIS SECURITIES	Michael Foundoukidis	+33 1 58 55 04 92	mfoundoukidis@sec.natixis.com
ODDO SECURITIES	Jean-François Granjon	+33 4 72 68 27 05	jfgranjon@oddo.fr
SOCIETE GENERALE	Stephen Reitman	+44 207 76 25535	stephen.reitman@sgcib.com
UBS	David Lesne	+44 207 56 75815	david.lesne@ubs.com

General information

Valeo shares are quoted on the Paris Bourse under the deferred settlement system:
- ISIN code (previously Euroclear/Sicovam): FR0000130338
- Reuters ticker: VLOF.PA
- Bloomberg ticker: FR FP

A component of the following indexes:
- Euronext 100
- SBF 120
- FTSE All-Share
- FTSE4good indices.

• Quoted in the form of sponsored ADRs (American Deposit Receipts) in the U.S.
• Shares may be held in either registered or bearer form, at the shareholder's discretion.
• Double voting rights for registered shares if held for more than four years.