Disclaimer

IMPORTANT: You must read the following before continuing. In accessing this presentation (the "Presentation"), the recipient agrees that it will not disclose any information contained in this presentation to any other party. This presentation was prepared by MAHLE GmbH (the "Company", and together with its consolidated subsidiaries, the "Group") and provided exclusively for the benefit and internal use of the recipient.

This presentation is incomplete without reference to, and should be viewed solely in conjunction with, the oral briefing provided by the Company. The presentation is proprietary to the Company and may not be disclosed to any third party or used for any other purpose without the prior written consent of the Company. The recipient shall treat any information contained in this presentation as highly confidential and undertakes to maintain and comply with the highest professional standards, including all necessary organizational measures, to ensure that any such information will remain confidential.

The information in this presentation reflects prevailing conditions and the Company's views as of this date, which are accordingly subject to change without notice. In preparing this presentation, the Company has relied upon and assumed, without independent verification, the accuracy and completeness of all the information from public sources or information which was provided to or available to us. Information contained in this presentation has not been subject to any independent audit or review. A significant portion of the information contained in this presentation, including all market data and trend information, is based on estimates or expectations of the Group, and there can be no assurance that these estimates or expectations are or will prove to be accurate. The Group's competitors may define its and their markets differently than the Group does. In addition, past performance of the Group is not indicative of future performance. The future performance of the Group will depend on numerous factors which are subject to uncertainty. No responsibility or liability whatsoever is accepted by any person for any errors, misstatements, or omissions in this presentation or any other such document or information.

Neither this presentation nor any of the information contained herein constitute or form part of, and should not be construed as, an offer to sell or issue, or the solicitation of an offer to purchase, subscribe to or acquire the Company's (or its subsidiaries') securities, or an inducement to enter into investment activity in any jurisdiction in which such offer, solicitation, inducement or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction. No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. This presentation is not for publication, release or distribution in any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction nor should it be taken or transmitted into such jurisdiction.

This presentation includes forward-looking statements within the meaning of the securities laws of certain applicable jurisdictions. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this presentation, including, without limitation, those regarding the Group's or any of its affiliate's future financial position and results of operations, their strategy, plans, objectives, goals and targets, future developments in the markets in which they participate or are seeking to participate or anticipated regulatory changes in the markets in which they operate or intend to operate.

In some cases, these forward-looking statements can be identified by terminology such as "aim," "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "guidance," "intend," "may," "plan," "potential," "predict," "projected," "should," or "will" or the negative of such terms or other comparable terminology. By their nature, forward-looking statements involve known and unknown risks, uncertainties, and other factors because they relate to events and depend on circumstances that may or may not occur in the future. Readers are cautioned that forward-looking statements are not guarantees of future performance and are based on numerous assumptions and that the Group's or any of its affiliate's actual results of operations, financial condition and liquidity, and the development of the industries in which they operate, may differ materially from (and be more negative than) those made in, or suggested by, the forward-looking statements contained in this presentation. In addition, even if the Company or any of its affiliate's results of operations, financial condition and liquidity, and the development of the industries in which they operate, are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in subsequent periods.

This Presentation includes financial information of the Group and, in addition, includes certain financial measures that are not recognized by IFRS or any other generally accepted accounting principles, including the German Commercial Code (Handelsgesetzbuch) ("HGB"), and that may not be permitted to appear on the face of the financial statements or footnotes thereto ("Alternative Performance Measures"). Alternative Performance Measures should not be considered as substitutes to the historical financial results or other performance measures derived in accordance with IFRS, HGB or any other generally accepted accounting principles, may not be comparable to other similarly-titled measures of other companies and have limitations as analytical tools. This Presentation may further include certain other unaudited financial information prepared by the Group. The Company's independent auditors have not audited, verified, reviewed, compiled or performed any procedures with respect to such unaudited financial information for the purpose of its inclusion herein and accordingly, they have not expressed an opinion or provided any form of assurance with respect thereto. Furthermore, such unaudited financial information does not take into account any circumstances or events occurring after the period it refers to. Actual results may vary from the information contained herein and such variations could be material. In addition, certain non-financial operating data, included in this Presentation may have been extracted from the Group's management accounts and are therefore unaudited. The unaudited financial information and the Alternative Performance Measures contained in this Presentation are based on a number of assumptions that are subject to inherent uncertainties and are subject to change. As such, you should not place undue reliance on the inclusion of such financial information in this Presentation and such inclusion should not be regarded as an indication that it will be an accurate prediction of future events or as a representation or warranty as to the accuracy or completeness of such financial information's portrayal of the Group's financial conditions or results of operations.

Except as required by law, the Company and its respective directors, officers, employees, agents and consultants make no representation or warranty as to the accuracy or completeness of the information contained in this Presentation, and take no responsibility under any circumstances for any loss or damage suffered as a result of any omission, inadequacy, or inaccuracy in this Presentation.