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05 May 2008 12:55 CET

Leif Östling’s contract extended

Scania’s Board of Directors has extended the President and CEO Leif Östling’s employment contract by three years, until 31 March 2012.

The terms and conditions of the new contract will remain essentially the same as in the current contract.

The Board of Directors believe that the extension of President and CEO
Leif Östling’s employment contract will secure stability and continuity for Scania,
to the benefit of all shareholders.

For further information, please contact Cecilia Edström, Senior Vice President Corporate Relations, tel +46 8 553 835 57.

Scania is one of the world’s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. A growing proportion of the company’s operations consists of products and services in the financial and service sectors, assuring Scania customers of cost-effective transport solutions and maximum uptime. Employing 35,000 people, Scania operates in about 100 countries. Research and development activities are concentrated in Sweden, while production takes place in Europe and South America, with facilities for global interchange of both components and complete vehicles. In 2007, invoiced sales totalled SEK 84.5 billion and the net income amounted to SEK 8.5 billion. Scania press releases are available on the Internet at