Comment from Scania Management on Volvo€s acquisition of Scania shares

Comment from Scania Management on Volvo's acquisition of Scania shares Scania's Management notes with surprise that Volvo AB has acquired shares corresponding to 13.47 percent of the votes and 12.85 percent of the capital of Scania AB. No advance negotiations regarding a merger have been conducted with Scania's Management. The Management of the Scania Group has no further comments on Volvo's acquisition of Scania shares. 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 income after financial items SEK 2,800 million. Scania products are marketed in about 100 countries worldwide and approximately 95% of total production is sold outside Sweden. Scania press releases are available on the Internet, www.scania.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/01/15/19990115BIT00370/bit0001.doc http://www.bit.se/bitonline/1999/01/15/19990115BIT00370/bit0002.pdf

About Us

Scania is a world-leading provider of transport solutions. Together with our partners and customers we are driving the shift towards a sustainable transport system. In 2017, we delivered 82,500 trucks, 8,300 buses as well as 8,500 industrial and marine engines to our customers. Net sales totalled nearly SEK 120 billion, of which about 20 percent were services-related. Founded in 1891, Scania now operates in more than 100 countries and employs some 49,300 people. Research and development are concentrated in Sweden, with branches in Brazil and India. Production takes place in Europe, Latin America and Asia, with regional production centres in Africa, Asia and Eurasia. Scania is part of Volkswagen Truck & Bus AG soon transforming into TRATON AG. For more information visit: www.scania.com.

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