Highlightsof 2018/19 Half-Year Results

• Group sales US$1,678 million -- up9% compared to first half of the prior financial year. Excluding the impact ofacquisitions and foreign exchange rate changes, sales increased 7%
• EBITDA increased 5% to US$273million or 16.3% of sales (17.0% of sales in prior half year)
• Operating profit US$171 million or10.2% of sales (compared to US$170 million or 11.1% of sales in prior halfyear)
• Net profit attributable toshareholders US$140 million or 15.76 US cents per share on a fully dilutedbasis (compared to US$140 million or 15.80 US cents per share in prior halfyear)
• Total debt to capital ratio of 19%and cash reserves of US$170 million as of 30 September 2018
• Interim dividend 17 HK cents pershare (2.18 US cents per share) with a scrip dividend alternative

HONG KONG, CHINA- Media OutReach - 7th November 2018 - Johnson Electric Holdings Limited ("Johnson Electric"), aglobal leader in electric motors and motion subsystems, today announced itsresults for the six months ended 30th September 2018.

Total group sales for thefirst half of the 2018/19 financial year totalled US$1,678 million, an increaseof 9% over the first half of the prior financial year. Excluding the impact ofacquisitions and foreign exchange rate changes, underlying sales increased 7%.Net profit attributable to shareholders was essentially unchanged year on yearat US$140 million or 15.76 US cents per share on a fully diluted basis.

Johnson Electric continuesto deliver healthy top line growth from both of its Automotive Products andIndustry Products divisions. The long term shifts towards more electrified,more controllable and more connected end-products underpin demand for ourmotion technologies and solutions. Technology leadership combined with a globalmanufacturing footprint is a compelling value proposition to the more than2,000 OEMs, system manufacturers and distributors across the world thatcomprise the Group's diverse and growing customer base.

Overview of Financial Results

The Automotive ProductsGroup ("APG"), excluding acquisitions, increased sales by 8% on a constantcurrency basis compared to the first half of the prior year. The strongestbusiness unit performances came from Stackpole International, PowertrainCooling and Engine & Transmission Management which are benefiting from theramp-up of major customer programmes for a new generation of products.

APG's strong overall salesperformance comes against a subdued picture in terms of global automotiveindustry volume growth. North American light vehicle production grew by lessthan 1% during the period under review as rising interest rates and highervehicle prices have begun to impact demand. In Europe, production volumes roseby just over 1% and there has recently been a reduction in output following theintroduction of new emissions tests that has caused significant delays to thelaunch of new vehicle models. And in China, which has been the world's largestand stand-out growth market for automobiles for the past decade, productiongrowth slowed in the first half to below 3%. This reflected both a slowdown indomestic economic activity and a degree of natural maturing of a sector thathas been expanding at exceptionally rapid levels.

The Industry Products Group("IPG"), which contributed 23% of total Group sales, recorded 4% sales growthin constant currency terms in the first half. Among IPG's best performingsegments were medical devices, power tools, ventilation and remote disconnectmetering. All three major geographic regions achieved growth in sales despitethe increasing global trade dispute and tighter financial conditions.

Gross profit increased 4% toUS$398 million -- which as a percentage of sales represented a decline from24.9% to 23.8%. This decline in margins was largely due to the combination ofhigher material and labour costs, increased depreciation and competitivepricing pressure. Management is continuing to direct a major programme ofcapital investments in automation and business infrastructure to support thegrowth in new business awarded, reduce costs and strengthen the long termcompetitiveness of Johnson Electric's business model.

Group operating profitsamounted to US$171 million compared to US$170 million in the first half of theprior financial year. In addition to the factors impacting gross margins notedabove, the year on year comparison of reported operating income reflects thenet effect of a number of positive and negative non-cash items. These include avaluation gain related to an acquisition in the prior half year period whichwas not repeated in the period under review, a mark-to-market liability relatedto structured foreign exchange contracts in the prior half year period thatbecame a gain in the period under review and the revaluation of monetary assetsand liabilities due to the effect of foreign currency movements.

Net profits attributable toshareholders totalled US$140.2 million compared to the prior half year's figureof US$140.5 million.

Interim Dividend with Scrip Dividend Alternative

The Board has today declaredan interim dividend to 17 HK cents per share, equivalent to 2.18 US cents pershare (2017 interim: 17 HK cents per share). The interim dividend will bepayable in cash with a scrip alternative where a 4% discount on thesubscription price will be offered to shareholders who elect to subscribe forshares. Full details of the scrip dividend alternative will be set out in acircular to shareholders.

The interim dividend will bepayable on 7 January 2019 to shareholders registered on 28 November 2018. TheBoard has further been informed that the controlling shareholder of the Companyintends to subscribe for its entire eligible allocation of shares under thescrip dividend alternative.

US-China Tariffs

The most significantnegative development impacting global manufacturing businesses over the pastsix months has been the escalating trade dispute between the USA and China.

Johnson Electric operates aglobal manufacturing footprint with over 30 facilities spanning 18 countriesacross four continents. Establishing and strengthening this global footprinthas been a key element in our corporate strategy for the past several years andits intent is to ensure that the Group is effectively positioned to respondover time to changing customer demands, production and delivery costs, foreignexchange rate fluctuations, as well as taxes, tariffs and import duties.

Our current analysis of thethree tranches of Section 301 tariffs recently imposed on goods imported intothe USA from China indicates that these apply to Johnson Electric products thatin aggregate contribute approximately 5% of the Group's total annual salesvolume. This estimated direct sales exposure to Section 301 tariffs is notespecially large in the context of the Group's highly diversified global salesbase. Nonetheless, if a political resolution to this dispute cannot be found inthe near future, we can foresee a period of increasing risk of disruption toglobal trade and manufacturing supply chains -- with likely higher costs forbusinesses and consumers alike.

Chairman's Comments on the Half-Year Results and Outlook

Commenting on the results, Dr. Patrick Wang, Chairmanand Chief Executive, said, "Johnson Electric achievedsatisfactory financial results for the six month period ended 30 September 2018in the context of an increasingly challenging global operating environment".

Dr. Wang further commented, "JohnsonElectric's portfolio of innovative products and technology solutions are wellpositioned to address the major trends shaping our end markets. And our gainsin market share and growing book of new business wins gives us a high level ofconfidence about the underlying strength of our business".

"In the near term, theindications are that many of the factors that shaped the performance of thebusiness in the first half of the financial year are set to continue in thesecond half -- but with an increasing downside risk with respect to the globaleconomy. Order volumes in China and Europe remain somewhat below anticipatedlevels, though the outlook for second half sales for the Group as a wholecurrently looks broadly similar to the first half".

About Johnson Electric Group

The JohnsonElectric Group is a global leader in electric motors, actuators, motionsubsystems and related electro-mechanical components. It serves a broad rangeof industries including Automotive, Smart Metering, Medical Devices, BusinessEquipment, Home Automation, Ventilation, White Goods, Power Tools, and Lawn& Garden Equipment. The Group is headquartered in Hong Kong and employsover 40,000 individuals in more than 20 countries worldwide.  Johnson Electric Holdings Limited is listedon The Stock Exchange of Hong Kong Limited (Stock Code: 179). For furtherinformation, please visit: www.johnsonelectric.com.

Forward Looking Statements

This news release contains certain forward lookingstatements with respect to the financial condition, results of operations andbusiness of Johnson Electric and certain plans and objectives of the managementof Johnson Electric.

Words such as "outlook", "expects", "anticipates","intends", "plans", "believe", "estimates", "projects", variations of suchwords and similar expressions are intended to identify such forward-lookingstatements.  Such forward lookingstatements involve known and unknown risk, uncertainties and other factorswhich may cause the actual results or performance of Johnson Electric to bematerially different from any future results or performance expressed orimplied by such forward looking statements. Such forward looking statements are based on numerous assumptionsregarding Johnson Electric's present and future business strategies and thepolitical and economic environment in which Johnson Electric will operate inthe future.

Note to Editors and Securities Analysts: Thefull text of the Half-Year Results announcement, including additional financialinformation, is available through the Investor Relations section of company'swebsite at www.johnsonelectric.com