Members of the Nomination Committee of Scania AB Appointed


SODERTALJE, Sweden, Oct. 25, 2005 (PRIMEZONE) -- On 29 April 2005, the Scania AGM decided to establish a Nomination Committee in accordance with the Swedish Code of Corporate Governance. Under the terms of this decision, each of the five shareholders with the highest numbers of votes -- with the exception of Ainax AB, which is a wholly-owned subsidiary of Scania AB -- has the right to appoint one member. Together with Board Chairman Bernd Pischetsrieder, these members will comprise the Nomination Committee. The names of the members and the owners they represent must be announced publicly no later than six months before the next AGM.

Since Renault S.A.S., as one of the five largest owners, has announced that the company not will appoint a member, the Nomination Committee will consist of members from the four largest shareholders, with the exception of Ainax AB.

The following have been appointed to the Nomination Committee together with the chairman of the board of Scania:

Gudrun Letzel, representing Volkswagen AG Adine Grate Axen, chairperson, representing Investor AB Marcus Wallenberg, representing Knut and Alice Wallenberg Foundation Ramsay Brufer, representing Alecta

According to the shareholder's register as of 30 September 2005, the members who have been appointed to the Nomination Committee represent over 50% of the shareholders' votes. The voting representations and shareholdings of the respective owners in Scania are listed in the ownership structure published under the heading of 'Investor Relations' on the company's web site at www.scania.com

Proposals for the Nomination Committee may be sent either by e-mail to nomination@scania.com or by fax to +46-8-553 855 59 For further information, please contact Stina Thorman, Head of Investor Relations, tel. +46-8-553 837 16

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 is comprised of products and services in the financial and service sectors, assuring Scania customers of cost-effective transport solutions and maximum uptime. Employing 30,000 people, Scania operates in about 100 countries. Research and development activities are concentrated in Sweden, while production plants are located in Europe and South America, with facilities for the global exchange of both components and finished vehicles. In 2004, invoiced sales totalled SEK56.7 billion and net income amounted to SEK4.1 billion.

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

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