Approval and Effectiveness

Approved in its original version by IOCHPE-MAXION’s Board of Directors at its meeting of September 21, 2005 and effective since that date.

Signed:

Dan Ioschpe – Iochpe-Maxion S.A.
Fred Bentley – Maxion Wheels
Armando Ulbricht Jr. – Maxion Structural Components
Ricardo Chuahy – AmstedMaxion