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Nominations to the Scania Board of Directors

Supported by owners who together represent more than half of the capital and the votes in Scania, Peggy Bruzelius, former Executive Vice President of Skandinaviska Enskilda Banken, and Dr Rolf Stomberg, former member of the Board of British Petroleum (BP), have been nominated as new members of Scania's Board of Directors for election at Scania's Annual General Meeting on 22 April.

They are proposed to replace Lars V Kylberg and Tom Wachtmeister, who both have declined re-election.

"Peggy Bruzelius and Rolf Stomberg are both highly knowledgeable and will further strengthen Scania's Board of Directors. Their international experience and contacts will be an advantage to the Board of Scania," says Anders Scharp, Chairman.

"Rolf Stomberg has also been responsible for BP's truck fleets worldwide, an experience that is highly valuable to a customer-oriented company as Scania. Peggy Bruzelius has considerable experience of customer financing, leasing, etc., which is of increasing importance to Scania," concludes Anders Scharp.

Peggy Bruzelius, 48, earlier held a position as Executive Vice President, Business Area Asset Management at Skandinaviska Enskilda Banken and was a member of the bank's Executive Management. Between 1991 and 1997 she was CEO of ABB Financial Services AB and a member of the Executive Management of Asea Brown Boveri AB. Previously she held several executive positions within the ABB Group. Peggy Bruzelius' board assignments include Electrolux AB, the Swedish Trade Council and the Industry and Commerce Stock Exchange Committee.

Dr Rolf Stomberg, 57, who is a German citizen, was a member of the Board of British Petroleum between 1995 and end of 1997, and chief executive of BP's global refining and marketing business. Earlier Rolf Stomberg was the CEO of BP Europe (1990-1994) and of BP Germany (1989-1990). Previously he held several executive positions within the BP group. Rolf Stomberg is also a member of the Advisory Board of the Gerling Konzern, Dresdner Bank and Institut Français du Pétrole. He is furthermore a member of the Board of Smith & Nephew plc., Ruhr Gas AG and a number of BP affiliates.

Photographs of Peggy Bruzelius and Rolf Stomberg are available on the Internet, here, and can also be ordered from Scania +46-8-553 81643.

Scania press releases are available on the Internet, www.scania.com

For further information, please contact Senior Vice President, Communications and Public Affairs, Lars Christiansson, tel +46 8 553 81212.

Scania is one of the world's leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. With 23,800 employees and production facilities in Europe and Latin America, Scania is one of the most profitable companies in its sector. In 1997, turnover totalled SEK 39,700 million and profits after depreciation SEK 2,750 million. Scania products are marketed in about 100 countries worldwide and approximately 95% of total production is sold outside Sweden.