The Board of Scania rejects MAN’s offer

MAN AG has today made a public offer for all the shares in Scania AB. On 13 September, 2006 the Board of Directors of Scania AB received a letter from the Chairman of the Executive Board of MAN AG, describing a possible offer on Scania. In all material aspects, the public offer is in line with the contents of the above letter. At a Board meeting held on 17 September, 2006 the Board of Directors carefully studied the contents of the letter and have, after having engaged professional advisors to assist in its review and assessment of the proposal, unanimously decided not to support the proposals outlined therein. On Sunday 17 September, the Board of Scania promptly informed MAN AG of its decision. For further information, please contact Cecilia Edström, Senior Vice President, Corporate Relations, telephone +46 70 588 35 57