Trelleborg responds to allegations of price fixing in Marine Hose

Trelleborg, Sweden - In a statement about allegation sof price-fixing in marine hose market, Trelleborg has confirmed that two managers of Trelleborg Industrie SAS were arrested yesterday in the US. They have since been released. In conjunction with the investigation in the US, the European Union competition authorities are also conducting a similar investigation at Trelleborg Industrie SAS's site in Clermont Ferrand in France.

Trelleborg said the operation targeted by the investigation accounts for a small part of the Group's sales in France. The operations had sales in 2006 of approx. SEK 250 million. (€27 million)

The company said it has a very clear and well communicated policy to adhere to applicable competition laws. Should the allegation of cartel activities prove to be correct this is serious and obviously completely unacceptable.

Trelleborg said its Trelleborg Industrie SAS subsidiary is responding to questions from the authorities and has handed over the materials requested to them. No formal request have been made by the authorities. The investigation is being closely monitored at Group level.