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Valeo Combined Annual General Shareholders' Meeting Notice

Various types of organizations with connection to coin-op machines.

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The website features an extensive collection of resources for businesses
in the toy industry , including:

* Daily news;
* Free email newsletters;
* Upcoming trade shows;
* International trade resources;
* Membership information; and,
* A private networking and discussion forum for members. Payment of the
dividend is planned for June 1, 2006.

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LOS ANGELES, Excluding video games, toys are a
$21 billion a year industry in the United States.

In addition, it will propose a renewal of the authorization to
trade in the Company 's shares.

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Asian immigrant toy manufacturers have cornered 60 percent of the
market -- equivalent to over $1 billion dollars in sales.

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The Board will propose to the Ordinary AGM the payment of a dividend of
1.1 euros per share, representing a payout ratio of 60%. It is one of the world's leading
automotive suppliers. The Group has 134 production sites, 65 R+D centers, 9
distribution platforms and employs 70,400 people in 26 countries.

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Given the changes in quorum rules, the AGM will most
likely be held on first notice on May 17, 2006 at 3 p.

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Southern California's Toy Industry Association - an Economic Powerhouse - and Now a New Website

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at Paris Expo CNIT
La Defense, 2 place de la Defense 92053 Paris La Defense.

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While there are over
800 toy companies nationwide, 500 of these are located in Southern California
alone.

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"
Consistent with the growth of the toy industry, the Toy Association of
Southern California (TASC) -- a nonprofit business association dedicated to
promoting the welfare of the toy industry in Southern California -- has
launched its new website: http://www.tasc-toys.com/.
Regarding resolutions of an extraordinary nature, the Board will propose
modifications to the Company by-laws in order to adapt them to the new Code
of Commerce measures now in force.

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m. The Board will also propose the
appointment of two new independent members, Daniel Camus and Jerome
Contamine.

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, Megatoys, Playhut, Intex Recreation and TC
Toys Corporation.

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Valeo (Euronext Paris: FR, OTC: VLEEY) is an independent industrial group
dedicated to the design , production and sale of components, integrated
systems and modules for cars and trucks.

Organization can be for dealers, collectors, operators and so on.

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PARIS, The Valeo Board of Directors,
which met today, has called the Combined Annual General Meeting of
Shareholders (AGM). Failing a quorum ,
the AGM will be held on May 30, 2006, at a location to be communicated later.

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Members of the Toy Industry Association of Southern California include
private firms like Mattel, Inc.

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This industry has
also revitalized a dilapidated area of Los Angeles just south of Los Angeles,
and this area is now affectionately known as "Toy Town.

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