New Member Appointed to Executive Board of FAG Kugelfischer AG:

Norbert Indlekofer Represents FAG-Automotive SCHWEINFURT, November 15, 2004. At its meeting on November 12, the Supervisory Board of FAG Kugelfischer AG ¨C a member of the Schaeffler Group (Herzogenaurach) ¨C appointed Norbert Indlekofer (46) to the company¡¯s Executive Board, with responsibility for the automotive sector. In addition to this new post, Indlekofer will keep his position as Managing Director at INA-Schaeffler KG, where he has been in charge of ¡°INA Transmissions and INA/FAG Chassis Systems¡± within the Schaeffler Group¡¯s automotive division since September 2004. Following his studies of mechanical engineering with a special focus on control and automotive engineering in Stuttgart and initial work experience, gained for instance at ZF Friedrichshafen, Indlekofer joined LuK GmbH in B¨¹hl as Product Testing Manager in 1989. Later on he became CEO of LuK Getriebesysteme GmbH, then headed LuK Fahrzeug-Hydraulik in Homburg und set up the CVT production at Bußmatten. Before changing from B¨¹hl to Herzogenaurach, he was Purchasing and Production Director at LuK. Mr. Indlekofer is 46 years of age, married and a father of three. The Schaeffler Group in Figures With more than 57,000 employees at 180 locations around the globe and group sales of almost 7 billion euros (fiscal year 2003), the Schaeffler Group is one of the world's leading rolling bearing manufacturers and automotive suppliers. The corporate group includes the INA Group headquartered at Herzogenaurach (ball and needle roller bearings, linear guides, engine components), the FAG Group at Schweinfurt (rolling bearings, mechatronics) and the LuK Group at B¨¹hl (clutches, transmissions systems, dual mass flywheels, hydraulic pumps).