Market Overview

Allison Transmission Declares Quarterly Dividend

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Allison Transmission Holdings Inc. (NYSE:ALSN) announced today that its
board of directors has declared a cash dividend of $0.15 per share on
the company's common stock for the third quarter of 2018. Payment will
be made on Aug. 31, to stockholders of record at the close of business
on Aug. 20.

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 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 2,700 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.

Forward-Looking Statements

This press release contains 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; the highly cyclical
industries in which certain of our end users operate; uncertainty in the
global regulatory and business environments in which we operate; the
failure of markets outside North America to increase adoption of
fully-automatic transmissions; the concentration of our net sales in our
top five customers and the loss of any one of these; our ability to
prepare for, respond to and successfully achieve our objectives relating
to technological and market developments, competitive threats and
changing customer needs; U.S. and foreign defense spending; general
economic and industry conditions; increases in cost, disruption of
supply or shortage of raw materials or components used in our products;
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; risks
associated with our international operations, including increased trade
protectionism; future reductions or changes in government subsidies for
hybrid vehicles and other external factors impacting demand; labor
strikes, work stoppages or similar labor disputes, which could
significantly disrupt our operations or those of our principal
customers; our intention to pay dividends and repurchase shares of our
common stock and other risks and uncertainties associated with our
business described in our Annual Report on Form 10-K, Quarterly Reports
on Form 10-Q and Current Reports on Form 8-K. 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.

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