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AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF WABCO HOLDINGS INC. (THE COMPANY) CHARTER

PURPOSE
The primary purpose of the Audit Committee (the "Committee") is to provide assistance to the Board of Directors (the “Board”) in fulfilling its oversight responsibilities with respect to:

1. The quality and integrity of the Company's financial statements, financial reporting process and system of internal accounting and financial controls.

2. The Company's compliance with legal and regulatory requirements and ethics policies.

3. The independent auditors' qualifications and independence.

4. Audits of the Company's financial statements, including the performance of the Company's internal audit function and independent auditors.

In fulfilling its responsibility, the Committee shall maintain free and open communication between the Committee, on the one hand, and the independent auditors, the internal auditors and management of the Company, on the other hand. The Committee is empowered to investigate any matter brought to its attention with full access to all books, records, facilities, and personnel of the Company and shall have authority to engage independent counsel and advisers, as it deems necessary or appropriate.

STRUCTURE AND OPERATIONS
This Charter governs the operations of the Audit Committee. The Committee shall review the Charter at least annually and recommend any significant changes deemed necessary to the Board of Directors for approval. Specifically the Committee shall:

1. Be elected by the full Board and serve at the pleasure of the Board.  Any vacancy on the Committee shall be filled by the Board.  No member of the Committee shall be removed except by the Board.

2. Be comprised of three or more independent Board members each having a working familiarity with basic financial and accounting practices as contemplated by the New York Stock Exchange ("NYSE") or acquiring such familiarity within a reasonable amount of time after his or her appointment to the Committee and one of which has "accounting or related financial management expertise" as required by the NYSE listing standards. The term independent shall have the meaning set forth in the Company's Definition of Director Independence.

3. Have at least one member who is a "financial expert" under the requirements of the Sarbanes-Oxley Act of 2002 or as defined by the Regulations of the U.S. Securities and Exchange Commission (“SEC”) promulgated thereunder.

4. Meet at least quarterly and report regularly to the Board of Directors on its activities.

5. Meet separately and periodically with management, the director of internal audit and the independent auditors to review the quarterly and annual financial statements. Require that independent and internal auditors meet privately with the Committee to discuss issues and concerns warranting special attention.

6. Not have any member serve on the Audit Committee of more than three public corporations, including the Company, unless the Board of Directors (i) determines that such simultaneous service would not impair the ability of such member to effectively serve on the Committee, and (ii) discloses such determination in the annual proxy statement.

DUTIES AND RESPONSIBILITIESThe primary responsibility of the Committee is to oversee the Company's financial reporting process on behalf of the Board of Directors and report the results of their activities to the Board. Management of the Company is responsible for the preparation, presentation, and integrity of the Company's financial statements and for the appropriateness of the accounting principles and reporting policies that are used by the Company. The independent auditors are responsible for auditing the Company's financial statements and for reviewing the Company's unaudited interim financial statements.

Specifically, with respect to the following topics the Committee shall:

1. Be directly responsible for the appointment, compensation, retention and oversight of the work of the independent auditors.

2. Pre-approve all audit and permitted non-audit services provided by the independent auditors. The Committee may delegate pre-approval authority to a member of the Committee.

3. Instruct the independent auditors to report directly to the Committee.

4. Oversee the work of the independent auditors and review and resolve any disagreements between management and the independent auditors regarding audit work or financial reporting.

5. Review at least annually the qualifications, performance and independence of the independent auditors, including the lead partner, and present its conclusions with respect thereto, and its view on whether there should be a regular rotation of the independent auditors, to the Board.

6. Annually obtain and review a report from the independent auditors describing their internal quality control procedures and any material issues raised by the most recent internal quality control or peer reviews of the independent auditors or by any inquiry or investigation of the independent auditors by governmental or professional authorities during the past five years and any corrective steps taken to deal with the issues.

7. Annually obtain and review from the independent auditors a listing of all relationships between them and the Company.

8. Establish clear hiring policies for employees and former employees of the independent auditors that meet the SEC regulations and NYSE listing standards.

9. Review the integrity and adequacy of the Company's internal and external financial reporting processes including management's assessment of the effectiveness of internal controls, including the responsibilities, budget, compensation and staffing of the Company’s internal audit function, at the end of the most recent fiscal year and the independent auditors' report on management's findings.

10. Review with management the Company’s administrative, operational and accounting internal controls, including any special steps adopted in light of the discovery of significant control deficiencies.

11. Review with the independent auditors: (i) any audit or accounting adjustments proposed by the independent auditors but not undertaken by the Company, (ii) any issues presented by the engagement that may impair the independent auditors' effectiveness or difficulties caused by restrictions placed on the scope of activities or access to information; (iii) significant disagreements with management and management's response; (iv) any communications between the audit team and the audit firm's national office concerning auditing or accounting issues presented by the engagement; and (v) any management or internal control letters issued or proposed by the independent auditors to the Company.

12. Periodically review the effect of new regulatory and accounting initiatives and any off balance sheet structures on the financial statements of the Company.

13. Review with the internal auditors and independent auditors their overall scope and plans for their respective audits, including the adequacy of staffing and compensation.

14. Meet with management and the independent auditors to review and discuss the company's press releases with respect to the Company’s financial results and financial condition. The Audit Committee shall discuss generally the financial information and financial guidance provided to analysts and rating agencies, including the types of information or presentations. The Audit Committee is not required to discuss financial guidance and other financial information in advance of each press release or each instance in which the company may provide financial guidance or financial information.

15. Meet with management and the independent auditors to review and discuss the interim financial statements and specific disclosures under Management's Discussion and Analysis of Financial Conditions and Results of Operations in each Quarterly Report on Form 10-Q.

16. Meet with management and the independent auditors to review and discuss the audited financial statements and specific disclosures under Management's Discussion and Analysis of Financial Conditions and Results of Operations in the Annual Report on Form 10-K including the clarity of their disclosures.

17. Review with the Company's legal counsel any legal matters, including but not limited to any actual or potential violations of laws or regulations or breaches of fiduciary duty or other matters that could have a material impact on the financial statements.

18. Discuss with management and the independent auditors the Company's actions and activities concerning risk assessment and risk management.

19. Establish a procedure to ensure the proper receipt and investigation of confidential, anonymous or other complaints relating to questionable accounting, internal controls, auditing matters or other financial, accounting or auditing practices.

20. Annually review this charter; perform an annual evaluation of the Committee and its compliance with this Charter.

21. Prepare any Audit Committee reports required in connection with the annual proxy statement.

22. Provide recommendations to the Board, as the Committee deems appropriate.

23. Maintain minutes and records of the meetings and activities.

24. Review the operation of the Company's pension plans and the policies and actions of the Pension Board, with particular attention to actuarial assumptions, funding policy and investment results.

25. Perform such additional activities, and consider such other matters, within the scope of its responsibilities, as the Board deems necessary or appropriate.