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Press release from Scania's statutory Board meeting on 26 April 2001

At its statutory meeting following the Annual General Meeting of Scania AB, the Board of Directors re-elected Dr Ferdinand Piëch as Chairman of the Board.

The Board also appointed a committee consisting of Directors who are independent of Volkswagen and Investor, two major shareholders in Scania. The employee representatives on the Board are not included. This committee will deal with issues that may concern the ownership structure of Scania AB.

Södertälje, 27 April 2001

SCANIA AB