KAC to use ‘Korean Monolithic Snow-removal Vehicles’ equipped with Allison transmissions

SEOUL, South Korea – Allison Transmission, the world’s largest manufacturer of fully automatic transmissions for medium and heavy duty commercial vehicles, announced that RETECH’s monolithic snow-removal vehicles, recently procured by Korea Airport Corporation (KAC) for effective snow-removal on runway and taxiing areas, are equipped with Allison 4500 Series fully automatic transmissions.

Recognized for outstanding reliability and durability, Allison 4500 Series transmissions are customized for special vehicles, including heavy equipment transport, refuse, fire-fighting, airport rescue and snow-removal vehicles. As an example, Tata Daewoo 16-ton trucks, used by Gunpo City as cleaning vehicles, are also equipped with Allison 4500 Series transmissions.

In January, KAC announced a competitive open bid to local vehicle manufacturers in order to address both operational performance problems and the high cost of imported snow removal vehicles and related parts.

RETECH’s monolithic snow-removal vehicles, selected by KAC, are made with domestic Korean technology and satisfy all International Civil Aviation Organization (ICAO) and Airport Operation Manual regulations. According to these safety guidelines, airport staff are required to remove snow on one runway and one to two taxiways within 30 minutes, if more than 2.5 cm of snow accumulates in a location with more than 40,000 arrival and departure times annually.

“For the past 30 years, RETECH has focused on R&D and special vehicle manufacturing in order to solve issues generated by the import of high-cost foreign equipment,” said Lee Du-Sik, CEO of RETECH. “I expect a world-class snow-removal vehicle, ensuring fuel economy and efficiency, will enhance the level of airport safety and passenger services in Korea.”

“As domestic demand for specialized vehicles increases, Allison Transmission’s product advantages, including minimized maintenance efforts and lower fuel consumption, along with maximum productivity and vehicle uptime, will be recognized,” said Simon Kim, Managing Director of Korea Sales for Allison Transmission. “Additional benefits of Allison’s fully automatic transmissions, such as driving convenience and fatigue reduction, will increase the efficiency of snow-removal equipment operation and performance.”

About Allison Transmission

Allison Transmission is the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles, medium- and heavy-tactical U.S. military vehicles and hybrid-propulsion systems for transit buses. Allison transmissions are used in a variety of applications including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school and transit), motor homes, off-highway vehicles and equipment (primarily energy and mining) and military vehicles (wheeled and tracked). Founded in 1915, the Allison business is headquartered in Indianapolis, Indiana, U.S.A. and employs approximately 2,800 people. Allison has manufacturing facilities and customization centers located in China, The Netherlands, Brazil, India and Hungary, with a global presence, serving customers in North America, Europe, Asia, Australia, South America and Africa. Allison also has more than 1,500 independent distributor and dealer locations worldwide. More information about Allison is available at www.allisontransmission.com.

About Allison Transmission Korea

Allison Transmission’s Korean office was established in 1989 and has supplied thousands of automatic transmissions to Korean truck and bus manufacturers. Please visit our homepage

(www.allisontransmission.com) for further information

This press release may contain forward-looking statements. All statements other than statements of historical fact contained in this press release are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plans," "project," "anticipate," "believe," "estimate," "predict," “intend,” “forecast,” “could,” "potential," "continue" or the negative of these terms or other similar terms or phrases. Forward-looking statements are not guarantees of future performance and involve known and unknown risks. Factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made include, but are not limited to: risks related to our substantial indebtedness; our participation in markets that are competitive; general economic and industry conditions; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments and changing customer needs; the failure of markets outside North America to increase adoption of fully-automatic transmissions; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; the concentration of our net sales in our top five customers and the loss of any one of these; risks associated with our international operations; brand and reputational risks; our intention to pay dividends; and labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. All information is as of the date of this press release, and we undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in expectations.

Press Contacts

Chunghyun Song

Weber Shandwick

Ch.song@webershandwick.com

+82 10 3392 1225

W Bldg., 7/F 813-4, Yeoksam-dong, Gangnam-gu, Seoul, Korea

Kyoungmee Lee

Allison Transmission – Korea

Kyoungmee.lee@allisontransmission.com

+82 2 3497 0457

18F, 5, Mabangro-10gil, Seocho-gu

Seoul, Korea

Aug 27, 2012

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About Allison Transmission

Allison Transmission (NYSE: ALSN) is the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles and is a leader in hybrid-propulsion systems for city buses. Allison transmissions are used in a variety of applications including refuse, construction, fire, distribution, bus, motorhomes, defense and energy. Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA and employs approximately 2,600 people worldwide. With a market presence in more than 80 countries, Allison has regional headquarters in the Netherlands, China and Brazil with manufacturing facilities in the U.S., Hungary and India. Allison also has approximately 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.