BTLs CEO, Håkan Larssons comments on the Stinnes offer

BTL´s CEO, Håkan Larssons comments on the Stinnes offer Commenting on the Stinnes offer made to all BTL shareholders for the outstanding shares in BTL, BTL's CEO, Håkan Larsson, stated: "Further financial integration of the companies will generate greater potential for a joint European land transport network. This is in line with the vision and goals presented in conjunction with the alliance between Schenker and BTL in November 1997. Full coordination will allow us to capitalise on the synergy effects more quickly and in doing so increase the potential to improve profitability even further than in the present situation." Håkan Larsson will be the head of the amalgamated land transport operations, with a workforce of around 20,000 and net sales of SEK 30 billion. If the offer will be accepted by all shareholders, the head office of the amalgamated group will eventually be in Essen although a number of key functions will be in Göteborg, from where the land transport operations will be run. BTL AB (publ) Public Affairs For further information, please contact Håkan Larsson, CEO and Managing Director, BTL AB, tel +46 31 703 80 10 or Åsa Lindell Byström, BTL AB, Director Corporate Communications, tel. +46 31 703 80 30, +46 705 83 45 63. The BTL Group is the largest transport and logistics group in Scandinavia and one of the largest in Europe. Extensive sea and air transport operations are carried on through the wholly-owned Wilson companies in Europe, Asia, Australia, New Zealand and the USA. The Group has 11,000 employees and with net sales of approximately SEK 19 billion. Together with the German transport group Schenker, BTL has established Europe's leading land transport network under the Schenker-BTL name. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/02/01/19990201BIT00110/bit0001.doc http://www.bit.se/bitonline/1999/02/01/19990201BIT00110/bit0002.pdf