GM acquires outstanding subordinated loans in Saab Automobile from Investor AB

GM acquires outstanding subordinated loans in Saab Automobile from Investor AB Investor AB and General Motors (GM) have reached an agreement whereby GM will acquire for SEK 4,050 million Investor's outstanding subordinated loans to Saab Automobile, which were granted as part of a previous financial restructuring. In January 2000, GM called for the acquisition of Investor's remaining stake in Saab Automobile in accordance with an option agreement signed in 1996. After today's agreement, Investor has no further financial interests in Saab Automobile. "Today's agreement is a logical step since Investor divested its holding in Saab Automobile earlier. The agreement now releases resources for our ongoing investment activities, commented Investor President and CEO Marcus Wallenberg in a statement. INVESTOR AB For further information: Nils Ingvar Lundin, Managing Director Corporate Communications Mobile: +46-70 514 20 49, e-mail: nilsingvar.lundin@investorab.com Fredrik Lindgren, Vice President Investor Relations Mobile: +46-70 624 20 31, e-mail: fredrik.lindgren@investorab.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/01/15/20010115BIT00110/bit0001.doc http://www.bit.se/bitonline/2001/01/15/20010115BIT00110/bit0002.pdf