Bulletin from the Annual General Meeting of Scania AB and the statutory Board meeting, 3 May 2007

Bulletin from the Annual General Meeting of Scania AB and the statutory Board
meeting, 3 May 2007

The Annual General Meeting (AGM) approved a dividend of SEK 15.00 per share and
set Wednesday, 9 May 2007 as the record date. The dividend is expected to be
sent on Monday, 14 May 2007.

The AGM also approved the implementation of a 5:1 split and transfer of assets
through a withdrawal of shares and a bonus issue. 

The articles of association are amended in such a way that the permitted
interval for the company's share capital is being reduced from a minimum of SEK
2,000,000,000 and a maximum of SEK 8,000,000,000 to a minimum of SEK
1,600,000,000 and a maximum of SEK 6,400,000,000. The permitted interval for the
number of shares is being increased from a minimum of 200,000,000 shares and a
maximum of 800,000,000 shares to a minimum of 640,000,000 shares and a maximum
of 2,560,000,000 shares.

The reasons for implementing the split are to increase the number of shares in
order to achieve greater liquidity for Scania shares, as well as to redeem one
of the shares that replace the original share automatically. As a result of the
split, with a record date of 22 May 2007, each share is being divided into five
shares of its original class. When the split has been implemented, every fifth
share shall be separated in the register of VPC AB (the Swedish Central
Securities Depository and Clearing Organisation) as a redemption share of its
respective class, A and B.

The redemption shares shall be traded on the Stockholm Stock Exchange during the
period 23 May - 5 June 2007. An amount of SEK 35 shall be paid to shareholders
for each redemption share, of which SEK 2 will be transferred from share capital
and SEK 33 constitutes a premium and will be transferred from unrestricted
equity.

The reduction of the share capital with SEK 400,000,000 will be implemented by
means of a mandatory withdrawal of 200,000,000 shares, of which 100,000,000 
A shares and 100,000,000 B shares. The shares redeemed are the shares that are
labelled as redemption shares.

The bonus issue will restore restricted equity and share capital to their
original levels before the reduction in share capital. The bonus issue will
increase the company's share capital from SEK 1,600,000,000 to SEK
2,000,000,000. The capital that is used to increase the share capital will be
transferred from unrestricted equity. No new shares will be issued.

After implementation of the redemption programme, the company's share capital
will amount to SEK 2,000,000,000 divided into 800,000,000 shares, of which
400,000,000 shares are A shares and 400,000,000 are B shares, each with a quota
value of SEK 2.50.

The AGM discharged the members of the Board of Directors and the President from
liability for the financial year 2006.

The AGM elected Börje Ekholm, Francisco Javier Garcia Sanz, Hans Dieter Pötsch,
and Martin Winterkorn as new Board members. They are replacing Sune Carlsson,
Andreas Deumeland, Bernd Pischetsrieder and Lothar Sander. A presentation of the
newly elected members can be found on the Scania website.

Board members Vito H. Baumgartner, Staffan Bohman, Peggy Bruzelius,  
Peter Wallenberg Jr and Leif Östling were re-elected. 

The AGM elected Martin Winterkorn as new Chairman of the Board and Börje Ekholm
was elected as new Vice Chairman of the Board.

The authorised public accounting firm of Ernst & Young was elected as the new
auditors of the company with Lars Träff as the auditor in charge until the end
of the AGM in 2011. 

The AGM approved the Board's proposal on principles for remuneration and other
employment conditions for Group Management and the terms and calculation
principles for an incentive programme for 2007 covering a maximum of 150
executive officers of the company.

The AGM approved remuneration to the Board of Directors for 2007 totalling SEK
4,312,500, with SEK 1,250,000 to be paid to the Chairman of the Board, SEK
625,000 to the Vice Chairman and SEK 406,250 to each of the other Board members
who are elected by the AGM and who are not employees of the company. In
addition, the AGM approved extra remuneration for the 2006 financial year of SEK
225,000 each to Vito H. Baumgartner, Staffan Bohman, Peggy Bruzelius, Sune
Carlsson and Peter Wallenberg Jr for the large number of extra Board meetings
during 2006 that were caused by MAN's public offer to the shareholders in
Scania. 

For the work performed in the Audit Committee, the AGM approved remuneration of
SEK 150,000 to the Chairman of the committee and SEK 75,000 to each of the other
members. For the work performed in the Remuneration Committee, the AGM approved
remuneration of SEK 50,000 to each of the committee's members.

The AGM approved the resolution that was presented concerning the Nomination
Committee.

At the statutory meeting, members of the Board's two committees were also
appointed. To the Audit Committee Staffan Bohman, Chairman and Vito H.
Baumgartner were re-elected. At the same time, Hans Dieter Pötsch was elected as
a new member. To the Remuneration Committee Martin Winterkorn was elected as new
member and Chairman. Peggy Bruzelius was re-elected and Francisco Javier Garcia
Sanz was elected as a new member in the Remuneration Committee.


Södertälje, 3 May 2007

SCANIA AB


For further information, please contact:

Stina Thorman, Head of Investor Relations, telephone +46 8 553 837 16

Hans-Åke Danielsson, Press Manager, telephone +46 8 553 856 62






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