Martin Winterkorn Nominated as New Scania Chairman

Sune Carlsson, Andreas Deumeland, Bernd Pischetsrieder and Lothar Sander have declined re-election.

Vito H. Baumgartner, Staffan Bohman, Peggy Bruzelius, Peter Wallenberg Jr and Leif Ostling are nominated for re-election.

The nomination committee proposes that Martin Winterkorn is elected Chairman and Borje Ekholm Vice Chairman.

Martin Winterkorn is Chairman of the Board of Management of Volkswagen AG and Chairman of the Supervisory Board of Audi AG.

Hans Dieter Potsch is Member of the Board of Management of Volkswagen AG responsible for 'Finance and Controlling'.

Francisco Javier Garcia Sanz is Member of the Board of Management of Volkswagen AG with responsibility for 'Supply'.

Borje Ekholm is President and CEO of Investor AB.

The nomination committee comprises Lennart Johansson, Chairman, representing Investor AB, Gudrun Letzel, representing Volkswagen AG, Bernd Pischetsrieder, Chairman of the Board of Scania, and Marcus Wallenberg, representing the Knut and Alice Wallenberg Foundation.

Scania is one of the world's leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. A growing proportion of the company's operations consists of products and services in the financial and service sectors, assuring Scania customers of cost-effective transport solutions and maximum uptime. Employing 32,800 people, Scania operates in about 100 countries. Research and development activities are concentrated in Sweden, while production takes place in Europe and South America, with facilities for global interchange of both components and complete vehicles. In 2006, invoiced sales totalled SEK 70.7 billion and the net income amounted to SEK 5.9 billion.

Scania press releases are available on the Internet at www.scania.com

This information was brought to you by Waymaker http://www.waymaker.net