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Scania Board statement

AB Volvo announced earlier today that it has agreed to purchase Investor AB’s entire shareholding in Scania. As a consequence, Volvo will make an offer to acquire the whole of the issued share capital of Scania, not already owned by it.

The provisional reaction of Scania’s board is that the value of the offer appears fair; however, the terms of Volvo’s offer will have to be reviewed in detail before a formal recommendation will be issued to shareholders.

For further information contact:

Scania 

Anders Scharp, Chairman 

+46 8 55 38 1000 

Leif Östling, President and CEO 

+46 8 55 38 1000 

Kaj Lindgren, Group Vice President 

+46 8 55 38 1000 

The following restrictions adhere to Volvo's offer:

This website does not constitute an offer to purchase shares of Volvo or an offer to exchange shares in Scania. For shares in Volvo, directly or indirectly, in or into the United States, Canada, Australia or Japan or in any other jurisdiction in which such offer is not authorised or to any person to whom it is unlawful to make such offer. Users of this website are requested to inform themselves about and to observe any such restrictions. This press release may not be distributed or released publicly in the U.S., Canada, Australia and Japan. The public offer for Scania shares will not be made in these countries. Nor is the offer being made to any such persons whose participation would require additional prospectus, registration or actions other than that required by Swedish law.The opinion now expressed by Scania's board adhere to those restrictions.