AUTOMOTIVE COMPONENTS EUROPE SA Recommendation of the Board of Directors regarding dividend distribution for the year 2013

The Management Committee of Automotive Components Europe S.A. ("the Company") herby informs that the Board of Directors on its meeting held on 2 April 2014 recommended to pay out a dividend for the year 2013 in an amount not lower than EUR 0.15 per share and to maintain the buy back, both items resulting in the amount equal to last year shareholders' retribution of near EUR 4m. The final level of the dividend proposal submitted to the GSM should depend on current financial situation of the ACE Group, especially capex and working capital needs due to growing production and ramp-up of the Feramo project. In the Board of Directors' view it shouldn't also breach current long term bank loan covenants or slow down future development of the ACE Group and thus creating inability to meet the Company's strategy guidelines as they were published as of the end of 2011.

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