Scania

Volkswagen Group Receives Approvals to Acquire Majority Voting Stake in Scania

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Share of voting rights will amount to 68.60 percent

Wolfsburg, 17 July 2008 -- The Volkswagen Group has received the antitrust approvals necessary to acquire a majority voting stake in Swedish truck manufacturer Scania AB. The majority voting stake is expected to be acquired on July 22, 2008. In addition to the approval by the European Commission, a large number of antitrust proceedings were required in other countries worldwide.

Volkswagen Acquires Entire Investor, Wallenberg Foundations Stake in Scania

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Volkswagen to become 68.6% voting shareholder in Scania

Wolfsburg, 03 March 2008 - Volkswagen has reached an agreement with Investor AB and the Wallenberg Foundations regarding the purchase of their stakes in Scania (in total 134,711,900 A-shares or 30.62% of Scania’s voting rights) for a consideration of 200 SEK per A-share in cash.

The purchase of the stake will increase Volkswagen’s total votes in Scania to 68.60% (previously 37.98%) which corresponds to 37.73% of the capital (previously 20.89%). This move is an important step towards clarifying the long-term shareholder structure of Scania. The completion of the purchase is subject to merger clearance.

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