Allison Transmission Declares Quarterly Dividend

               Allison Transmission Declares Quarterly Dividend

PR Newswire

INDIANAPOLIS, Nov. 7, 2013

INDIANAPOLIS, Nov.7, 2013 /PRNewswire/ --Allison Transmission Holdings Inc.
(NYSE: ALSN), the largest global provider of commercial duty fully automatic
transmissions and hybrid-propulsion systems,  today announced that its board
of directors declared a cash dividend of $0.12 per share on the Company's
common stock and non-voting common stock for the fourth quarter of 2013.
Payment will be made on December 2, 2013, to stockholders of record at the
close of business on November 18, 2013.

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The payment of any future dividends will be at the discretion of the board of
directors and will be dependent upon Allison Transmission's financial
position, results of operations, available cash, cash flow, capital
requirements and other factors deemed relevant by the board of directors.

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
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 2,800
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 

Forward-Looking Statements
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, including all statements regarding future
financial results. 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.

SOURCE Allison Transmission Holdings Inc.

Contact: Melissa Sauer, Allison Transmission Inc., (317) 242-5000,
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