Investor's President and CEO remarks on the EU Commission's decision to block Volvo's acquisition of Scania

Investor's President and CEO remarks on the EU Commission's decision to block Volvo's acquisition of Scania "We have stood behind the Volvo Scania deal since we believe in the advantages to be gained from an eventual merger. Now that the transaction cannot be fulfilled is most regrettable for the companies involved," says Investor's President and Chief Executive Officer, Marcus Wallenberg. "Despite the uncertainty that has prevailed, Scania has developed very well over the past years. It is a strong company with excellent prospects for the future. Within Investor, we shall now take the time needed to carefully seek every conceivable alternative for the future," Mr. Wallenberg says. INVESTOR AB For further information: Nils Ingvar Lundin, Managing Director Corporate Relations, +46-8-614 2049, +46-70-514 20 49. Per Spångberg, Vice President, Investor Relations, +46-8-614 2031, +46-70-624 2031. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/03/14/20000314BIT00880/bit0001.doc http://www.bit.se/bitonline/2000/03/14/20000314BIT00880/bit0002.pdf