SCANIA INTERIM REPORT JANUARY SEPTEMBER 1999

SCANIA INTERIM REPORT JANUARY SEPTEMBER 1999

HIGHLIGHTS Strong improvement in operating income, nine months 1999 higher than full year 1998. Higher order bookings in a continued strong western European market. Volvo makes a public offer for Scania. RESULTS First nine months of 1999, compared to first nine months of 1998 Number of trucks and buses sold: 36,049 (35,748), an increase of 1 percent. Sales: SEK 34,066 m. (32,412) [USD 4,157 m. (3,955)]*, an increase of 5 percent. Operating income: SEK 3,642 m. (2,490) [USD 444 m. (304)], an increase of 46 percent. Total operating margin: 10.7 (7.7) percent. Operating margin, European operations: 13.4 (10.5) percent. Income after financial items: SEK 3,224 m. (2,242) [USD 393 m. (274)]. Net income: SEK 2,263 m. (1,580) [USD 276 m. (193)]. Earnings per share: SEK 11.30 (7.90) [USD 1.38 (0.96)]. Third quarter of 1999, compared to third quarter of 1998 Number of trucks and buses sold: 11,180 (11,038). Sales: SEK 10,647 m. (10,385) [USD 1,299 m. (1,267)]. Operating income: SEK 1,139 m. (851) [USD 139 m. (104)], an increase of 34 percent and equivalent to a margin of 10.7 (8.2) percent. MARKET First nine months of 1999, compared to first nine months of 1998 Order bookings for heavy trucks in western European markets rose by 3 percent. Scania s preliminary market share for heavy trucks in western Europe during the period January to September totalled 14.8 (15.2) percent. In Latin America, the number of trucks sold declined by 22 percent due to continued economic uncertainty; Scania s market share in Brazil was 31.6 (32.6) percent. Third quarter of 1999, compared to third quarter of 1998 Order bookings for heavy trucks in western European markets remained strong and rose by 11 percent. In western Europe, the number of trucks sold rose by about 15 percent. Earlier assessment still stands Current market demand supports our earlier assessment of an improvement in operating income of SEK 1.5 billion for the full year, provided that the markets in Latin America do not deteriorate further during the fourth quarter. This report is also available at www.scania.com * Translated solely for the convenience of the reader at an exchange rate of SEK 8.195 = USD 1.00.

SCANIA INTERIM REPORT JANUARY SEPTEMBER 1999 Scania s operating income for the first nine months of the year improved by 46 percent, reaching SEK 3,642 m., which is higher than the Group s full-year 1998 earnings.this improvement in earnings was essentially attributable to European operations.* Latin American operations were adversely affected by lower sales volume and narrower margins. The heavy truck market in western Europe remains strong. Scania s order bookings in western European markets during the first nine months of the year rose somewhat, compared to the same period of 1998. Order bookings in southern European markets as well as in Germany and France continued to rise. In Great Britain, order bookings were unchanged, while they fell in the Netherlands. During the third quarter, order bookings rose by 11 percent, compared to the third quarter of 1998. Despite a strong market in Europe, prices did not improve. During the first nine months of 1999, according to preliminary statistics, 177,100 (154,250) heavy trucks were registered in western Europe, an increase of 14.8 percent. This indicates a total market of more than 230,000 trucks during 1999. Scania s preliminary market share in western Europe during the period January to September was 14.8 (15.2) percent. Scania s order bookings for heavy trucks in central and eastern Europe were 34 percent lower during the first nine months of 1999 than during the same period of last year. Order bookings during the third quarter were basically at the same level as during the first two quarters of the year. In Asian markets, order bookings continued to improve from low levels, both cumulatively and during the third quarter of 1999, compared to the same periods of 1998. In Latin America, demand was adversely affected by economic uncertainty. Demand for transport services remained subdued. Scania s order bookings for heavy trucks declined during the first nine months of 1999, compared to the same period last year. During the third quarter, interest rates and inflation continued to fall in Brazil. The currency situation deteriorated somewhat, however. The Argentine market was affected by the country s heavy debt, currency instability and continued uncertainty in the runup to the presidential election on 24 October. In Brazil, the total market shrank by 21 percent to 10,356 (13,057) during the first nine months of the year. Scania s market share amounted to 31.6 (32.6) percent. During the year, several competitors have started production of heavy trucks in Brazil. In Argentina, the market shrank by 29 percent to 3,011 (4,245) heavy trucks. Scania boosted its market share to 28.9 (27.2) percent. In western Europe, Scania increased its truck sales by 13 percent to 25,717 (22,683) units during the first nine months of the year, compared to the same period of 1998. In Latin America, the number of Scania trucks sold declined by 22 percent to 4,660 (5,969). The total number of Scania trucks sold rose by 2 percent to 33,275 (32,640). Bus order bookings increased by 20 percent in Scania s European operations, while they declined by 36 percent in Latin America. Overall, this meant that the company s bus order bookings were 9 percent lower during the first nine months of 1999 than during the same period last year. The number of buses sold rose by 10 percent in European operations during the first nine months of 1998, while they declined by 37 percent in Latin America. The total number of buses sold declined by 11 percent. Scania s sales of service-related products continued to demonstrate strong growth. These sales rose by 10 percent during the first nine months of 1999, compared to the same period last year. In European operations, they increased by 15 percent. The number of industrial and marine engines sold increased by 14 percent during the period. Important events during the third quarter On 6 August, AB Volvo reached an agreement to acquire Investor AB s entire shareholding in Scania. At the same time, Volvo decided to make a public offer to the remaining shareholders in Scania to tender their shares to Volvo. The transaction is subject to review by the European Union s competition authority. Scania s Board of * European operations are the portion of Scania s operations that supply all markets except Latin American ones with the company s products and services. 3

Directors has recommended the Scania shareholders to accept the offer* (see note on page 5). During the third quarter, Scania completed its acquisition of the independent Norwegian distributor Norsk Scania. It also acquired the Italian finance company Fiscar SpA. In addition, Scania signed a preliminary agreement on acquisition of the remaining 50 percent share capital in Oy Scan-Auto Ab, which distributes and markets Scania trucks and buses in Finland. Norsk Scania and Fiscar SpA were consolidated in Scania s balance sheets as of 30 September 1999. Results During the first nine months of 1999, Scania sold 36,049 (35,748) trucks and buses, an increase of 1 percent. In monetary terms, sales for the same period were SEK 34,066 m. (32,412), an increase of 5 percent. Operating income improved by 46 percent to SEK 3,642 m. (2,490), equivalent to an operating margin of 10.7 (7.7) percent. In European operations, unit sales of trucks and buses increased by 7 percent during the first nine months of 1999, compared to the same period of 1998. In monetary terms, sales rose by 11 percent. Operating income improved by 42 percent to SEK 3,680 m. (2,600). Operating margin increased to 13.4 (10.5) percent. Higher vehicle volume, increased sales of service-related products, positive currency effects of about SEK 300 m., improved productivity, lower warranty expenses as well as improved earnings for bus operations boosted earnings. Most of the positive currency effects were attributable to hedging activities. During the third quarter, the operating margin improved to 13.1 (11.2) percent, compared to the third quarter of 1998. Higher vehicle volume, greater productivity and lower warranty expenses contributed to the improvement in earnings. During the first nine months of 1999, the net amount of deferred income recognition due to operational leasing was SEK 297 m. (259). Operating income from European customer finance operations rose to SEK 101 m. (63), due to higher financing volume. In Latin American operations, unit sales of trucks and buses declined by 25 percent during the first nine months of 1999, compared to the Scania Group Quarterly sales and operating margin Sales in Operating margin SEK m % 14,000 12,000 10,000 8,000 6,000 4,000 2,000 14.0 12.0 10.0 same period last year. Operating income was SEK 322 m. ( 367). Lower sales volume as well as narrower margins adversely affected earnings during the period. During the first quarter, this was offset to some extent by nonrecurring effects related to the devaluation of the Brazilian currency. During the third quarter, operating income amounted to SEK 68 m. ( 96). Deliveries of trucks and components to European operations had a positive impact on earnings for the quarter. Operating income for Svenska Volkswagen products amounted to SEK 183 m. (195). Net financial items totalled SEK 418 m. ( 248). The deterioration was attributable to Latin American operations, due to negative cash flows, higher interest rates and translation effects of interest-bearing items in the balance sheet connected to the devaluation in Brazil. The Scania Group s tax expenses were equivalent to 29.8 (29.4) percent of income after financial items. Scania s operating cash flows, excluding customer finance operations, continued to improve during the third quarter and amounted to SEK 763 m. Tied-up working capital decreased somewhat in the third quarter. Net capital expenditures, excluding acquisitions, were lower than during the same quarter of 1998. During the third quarter, the acquisition of Norsk Scania, adversely affected cash flows. The Scania Group s accumulated cash flows were SEK 784 m. Acquisitions of companies reduced cash flows by about SEK 900 m. during the first nine 8.0 6.0 4.0 2.0 0 0.0 Q1 Q2 Q3 Q4 1998 1998 1998 1999 Q1 1999 Q2 1999 Q3 1998 Sales Operating margin 4

months of 1999. Excluding acquisitions, the Scania Group s cash flows totalled about SEK 1.7 billion. Customer finance operations expanded by an accumulated SEK 1,583 m. Cash flows are affected by the net price paid for the acquired Italian finance company. The total financing portfolio, including acquisitions, increased by approximately SEK 1,900 m. The number of employees totalled 24,800 at the end of the report period, an increase of 1,263 persons since the beginning of the year. The acquisitions of Norsk Scania and Italscandia represented an increase of more than 1,000 employees. At production units, the number of employees decreased by 166 in Europe and by 94 in Latin America. In European marketing companies, the number of employees rose, primarily due to higher investments in the service organisation. Earlier assessment still stands Current market demand supports our earlier assessment of an improvement in operating income of SEK 1.5 billion for the full year, provided that the markets in Latin America do not deteriorate further during the fourth quarter. Södertälje, 25 October 1999 Leif Östling President and CEO Scania s ten largest truck markets Registrations of trucks during the first nine months of the year Change 1999 1998 in percent Germany* 4,035 3,187 27 Great Britain 3,940 3,977 1 France 3,646 2,857 28 Brazil 3,268 4,262 23 Spain 2,508 2,060 22 Italy 2,066 1,406 47 The Netherlands 2,061 2,763 25 Sweden 1,563 1,137 37 Belgium 1,348 1,052 28 Denmark 1,036 1,065 3 Western Europe* 26,129 23,275 12 Market shares during the first nine months of the year, percent 1999 1998 Germany* 9.1 8.5 Great Britain 17.3 17.5 France 11.0 9.8 Brazil 31.6 32.6 Spain 14.9 16.3 Italy 12.2 12.2 The Netherlands 19.5 23.2 Sweden 47.0 44.8 Belgium 18.7 17.6 Denmark 29.5 29.8 Western Europe* 14.8 15.1 * 1999: Preliminary figures. This Interim Report has not been subject to special review by the company s auditors. This report contains forward-looking statements that reflect management s current views with respect to certain future events and potential financial performance. Such forwardlooking statements involve risks and uncertainties that could significantly affect potential results. These statements are based on certain assumptions, including assumptions related to general economic and financial conditions in the company s markets and the level of demand for the company s products. This report does not imply that the company has undertaken to revise these forward-looking statements, beyond what is required under the company s registration contract with the Stockholm Stock Exchange, if and when circumstances arise that will lead to changes compared to the date when these statements were provided. * Volvo s offer is not being made, directly or indirectly, in or to the United States of America, Australia, Japan or Canada and it may not be accepted in or from these countries. Accordingly, no offer is being made for Scania s American Depositary Receipts. The Volvo shares that may be exchanged for Scania shares in the offer have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the U.S. Securities Act ), nor under the laws of any state of the United States of America and may not be offered, sold, resold or delivered, directly or indirectly, in or into the United States of America except pursuant to an exemption from the registration requirements of the U.S. Securities Act. 5

INCOME STATEMENT Amounts in SEK m. Nine months Change Oct 98 unless otherwise stated USD m.* 1999 1998 in % 1998 Sept 99 Sales 4,157 34,066 32,412 5 45,312 46,966 Cost of goods sold 3,063 25,097 24,809 34,630 34,918 Gross income 1,094 8,969 7,603 18 10,682 12,048 Research and development expenses 105 864 793 1,085 1,156 Selling expenses 514 4,213 4,114 5,730 5,829 Administrative expenses 73 594 503 679 770 Income from customer finance operations 12 101 63 91 129 Share of income of associated companies 30 243 234 313 322 Operating income 1) 444 3,642 2,490 46 3,592 4,744 Financial income and expenses 51 418 248 378 548 Income after financial items 393 3,224 2,242 44 3,214 4,196 Taxes 117 961 660 959 1,260 Minority interests 0 0 2 5 3 Net income 276 2,263 1,580 43 2,250 2,933 Number of shares: 200 million Operating margin, percent 10.7 7.7 7.9 10.1 Return on equity, percent 24.4 21.0 20.7 24.4 Return on capital employed, excluding customer finance operations, percent 20.8 17.0 17.4 20.8 Earnings per share, SEK 1.38 11.30 7.90 11.25 14.65 Earnings per share according to U.S. GAAP, SEK 1.43 11.70 7.85 11.20 15.10 1) Includes depreciation of 181 1,486 1,428 1,883 1,941 EARNINGS BY QUARTER Amounts in SEK m. 1999 1998 unless otherwise stated USD m.* Q3 Q2 Q 1 Full year Q 4 Q 3 Q 2 Q 1 Sales European operations 1,044 8,561 9,218 9,767 35,072 10,352 7,686 8,839 8,195 Latin American operations 146 1,193 1,139 962 6,151 1,380 1,709 1,658 1,404 Less intra-group sales 36 292 249 183 1,548 215 404 431 498 Total Scania products 1,154 9,462 10,108 10,546 39,675 11,517 8,991 10,066 9,101 Svenska Volkswagen products 145 1,185 1,532 1,233 5,637 1,383 1,394 1,538 1,322 Scania Group total 1,299 10,647 11,640 11,779 45,312 12,900 10,385 11,604 10,423 Operating income European operations 137 1,123 1,313 1,244 3,913 1,314 860 978 761 Latin American operations 8 68 158 96 662 295 96 55 216 Customer finance operations 4 32 39 30 91 28 25 15 23 Total Scania products 133 1,087 1,194 1,178 3,342 1,047 789 938 568 Svenska Volkswagen products 6 52 69 62 250 55 62 72 61 Scania Group total 139 1,139 1,263 1,240 3,592 1,102 851 1,010 629 Income after financial items 120 984 1,130 1,110 3,214 972 753 937 552 Net income 87 709 784 770 2,250 670 526 664 390 Earnings per share, SEK 0.43 3.55 3.90 3.85 11.25 3.35 2.65 3.30 1.95 Operating margin, percent European operations 13.1 14.2 12.7 11.2 12.7 11.2 11.1 9.3 Latin American operations 5.7 13.9 10.0 10.8 21.4 5.6 3.3 15.4 Total Scania products 11.5 11.8 11.2 8.4 9.1 8.8 9.3 6.2 Svenska Volkswagen products 4.4 4.5 5.0 4.4 4.0 4.4 4.7 4.6 Scania Group total 10.7 10.9 10.5 7.9 8.5 8.2 8.7 6.0 * Translated solely for the convenience of the reader at an exchange rate of SEK 8.195 = USD 1.00. 6

EARNINGS BY AREA OF OPERATIONS Amounts in SEK m. Nine months Change Oct 98 unless otherwise stated USD m.* 1999 1998 in % 1998 Sept 99 Number of trucks and buses sold European operations 30,528 28,430 7 40,375 42,473 Latin American operations 5,521 7,318 25 9,295 7,498 Total Scania vehicles sold 36,049 35,748 1 49,670 49,971 Sales European operations 3,361 27,546 24,720 11 35,072 37,898 Latin American operations 402 3,294 4,771 31 6,151 4,674 Less intra-group sales 88 724 1,333 46 1,548 939 Total Scania products 3,675 30,116 28,158 7 39,675 41,633 Svenska Volkswagen products 482 3,950 4,254 7 5,637 5,333 Scania Group total 4,157 34,066 32,412 5 45,312 46,966 Operating income European operations 449 3,680 2,600 42 3,913 4,993 Latin American operations 39 322 367 12 662 617 Customer finance operations 12 101 63 60 91 129 Total Scania products 422 3,459 2,296 51 3,342 4,505 Svenska Volkswagen products 22 183 194 6 250 239 Scania Group total 444 3,642 2,490 46 3,592 4,744 Operating margin in percent European operations 13.4 10.5 11.2 13.2 Latin American operations 9.8 7.7 10.8 13.2 Total Scania products 11.5 8.2 8.4 10.8 Svenska Volkswagen products 4.6 4.6 4.4 4.5 Scania Group total 10.7 7.7 7.9 10.1 SALES BY PRODUCT CATEGORY Amounts in SEK m. Nine months Change Oct 98 unless otherwise stated USD m.* 1999 1998 in % 1998 Sept 99 Trucks 2,427 19,884 19,094 4 27,092 27,882 Buses 305 2,501 2,564 2 3,548 3,485 Engines 38 313 260 20 398 451 Service products 606 4,968 4,498 10 6,282 6,752 Used vehicles etc. 299 2,450 1,742 41 2,355 3,063 Total Scania products 3,675 30,116 28,158 7 39,675 41,633 Svenska Volkswagen products 482 3,950 4,254 7 5,637 5,333 Total 4,157 34,066 32,412 5 45,312 46,966 * Translated solely for the convenience of the reader at an exchange rate of SEK 8.195 = USD 1.00. 7

BALANCE SHEET WITH CUSTOMER FINANCE OPERATIONS REPORTED ACCORDING TO THE EQUITY ACCOUNTING METHOD Amounts in SEK m. 1999 1998 unless otherwise stated USD m.* 30 Sept 30 June 31 March 31 Dec 30 Sept ASSETS Intangible fixed assets 51 417 404 412 113 116 Tangible fixed assets 1,516 12,424 12,702 12,940 12,824 12,846 Shares and participations 295 2,421 2,262 2,279 2,258 2,162 Inventories 847 6,945 7,217 7,090 7,456 7,506 Other receivables 1,137 9,318 8,406 8,214 6,822 6,527 Interest-bearing receivables 141 1,153 1,405 1,500 1,543 1,255 Liquid investments 444 3,637 3,865 2,452 1,710 1,865 Total assets 4,431 36,315 36,261 34,887 32,726 32,277 SHAREHOLDERS EQUITY AND LIABILITIES Shareholders equity 1,538 12,605 12,009 12,538 11,851 10,983 Provisions for pensions 224 1,835 1,839 1,832 1,910 1,926 Other provisions 410 3,361 3,309 3,134 3,221 3,247 Other liabilities 916 7,506 7,156 7,468 7,505 7,315 Borrowings 1,343 11,008 11,948 9,915 8,239 8,806 Total shareholders equity and liabilities 4,431 36,315 36,261 34,887 32,726 32,277 Net indebtedness, excluding Pension liabilities 899 7,371 8,083 7,463 6,529 6,941 Net indebtedness as ratio of shareholders equity (debt/equity ratio) 0.58 0.58 0.67 0.60 0.55 0.63 Equity per share, SEK 7.69 63.05 60.05 62.70 59.25 54.90 BALANCE SHEET CUSTOMER FINANCE OPERATIONS Amounts in SEK m. 1999 1998 unless otherwise stated USD m.* 30 Sept 30 June 31 March 31 Dec 30 Sept ASSETS Leasing assets 650 5,325 4,917 4,759 4,605 3,921 Financial receivables 1,088 8,915 8,203 7,735 7,737 6,740 Other assets 55 449 422 456 626 452 Cash and bank balances 12 95 80 93 64 52 Total assets 1,805 14,784 13,622 13,043 13,032 11,165 SHAREHOLDERS EQUITY AND LIABILITIES Shareholders equity 123 1,008 880 843 848 820 Borrowings 1,531 12,543 11,649 11,071 11,047 9,359 Other liabilities and provisions 151 1,233 1,093 1,129 1,137 986 Total shareholders equity and liabilities 1,805 14,784 13,622 13,043 13,032 11,165 * Translated solely for the convenience of the reader at an exchange rate of SEK 8.195 = USD 1.00. 8

BALANCE SHEET INCLUDING CUSTOMER FINANCE OPERATIONS Amounts in SEK m. 1999 1998 unless otherwise stated USD m.* 30 Sept 30 June 31 March 31 Dec 30 Sept ASSETS Intangible fixed assets 51 417 404 412 113 116 Tangible fixed assets 2,169 17,776 17,634 17,712 17,445 16,781 Shares and participations 172 1,410 1,382 1,437 1,411 1,342 Inventories 870 7,126 7,382 7,260 7,571 7,663 Other receivables 1,130 9,262 8,400 8,265 7,208 6,702 Interest-bearing receivables 1,229 10,069 9,608 9,234 9,280 7,995 Liquid investments 455 3,733 3,946 2,545 1,774 1,917 Total assets 6,076 49,793 48,756 46,865 44,802 42,516 SHAREHOLDERS EQUITY AND LIABILITIES Shareholders equity 1,538 12,605 12,009 12,538 11,851 10,983 Provisions for pensions 224 1,838 1,841 1,834 1,913 1,928 Other provisions 466 3,817 3,768 3,580 3,668 3,555 Other liabilities 974 7,981 7,542 7,927 8,091 7,884 Borrowings 2,874 23,552 23,596 20,986 19,279 18,166 Total shareholders equity and liabilities 6,076 49,793 48,756 46,865 44,802 42,516 Equity/assets ratio, % 25.3 24.6 26.8 26.5 25.8 STATEMENT OF CASH FLOWS Amounts in SEK m. Nine months 1999 1998 unless otherwise stated USD m.* 1999 1998 USD m.* Q 3 Q 2 Q 1 Q 3 Cash from operating activities 488 3,998 3,084 152 1,240 1,477 1,281 979 Change in working capital, etc. 123 1,007 478 10 85 148 944 31 Cash flows from operating activities 365 2,991 2,606 162 1,325 1,329 337 1,010 Net investments 269 2,207 1,330 69 562 504 1,141 368 Operating cash flows excluding customer finance operations 96 784 1,276 93 763 825 804 642 Expansion of customer finance operations 193 1,583 2,148 76 621 668 294 652 Change in net indebtedness including customer finance operations 97 799 872 17 142 157 1,098 10 Change in indebtedness from financing activities 495 4,059 1,714 38 312 2,519 1,852 281 Dividend to shareholders 159 1,300 1,100 1,300 Net change in cash and short-term investments 239 1,960 258 21 170 1,376 754 271 Effect of exchange rate fluctuations on cash and short-term investments 0 1 42 5 43 25 17 21 Cash and short-term investments at beginning of period 216 1,774 2,133 481 3,946 2,545 1,774 1,625 Cash and short-term investments at end of period 455 3,733 1,917 455 3,733 3,946 2,545 1,917 * Translated solely for the convenience of the reader at an exchange rate of SEK 8.195 = USD 1.00. 9

UNITS BY QUARTER 1999 1998 Q 3 Q 2 Q 1 Full year Q 4 Q 3 Q 2 Q 1 Order bookings, trucks Western Europe 8,065 8,842 8,251 33,323 8,787 7,286 9,025 8,225 Central and eastern Europe 396 465 384 2,135 261 470 605 799 Latin America 1,348 1,509 1,550 8,081 1,347 2,024 2,601 2,109 Asia 462 335 317 1,156 183 403 319 251 Other markets 161 355 215 1,645 411 255 464 515 Total 10,432 11,506 10,717 46,340 10,989 10,438 13,014 11,899 Trucks sold Western Europe 7,821 8,448 9,448 32,686 10,003 6,801 8,228 7,654 Central and eastern Europe 330 363 295 2,235 457 546 603 629 Latin America 1,523 1,549 1,588 7,621 1,652 2,123 2,147 1,699 Asia 232 374 334 1,412 415 211 488 298 Other markets 317 305 348 1,599 386 399 415 399 Total 10,223 11,039 12,013 45,553 12,913 10,080 11,881 10,679 Order bookings, buses Europe 367 360 446 1,839 650 309 452 428 Latin America 340 397 182 1,837 392 104 726 615 Other markets 73 195 197 281 108 33 84 56 Total 780 952 825 3,957 1,150 446 1,262 1,099 Buses sold Europe 441 551 560 1,837 597 352 496 392 Latin America 365 255 236 1,697 318 516 449 414 Other markets 151 114 101 583 94 90 215 184 Total 957 920 897 4,117 1,009 958 1,160 990 Sales of industrial and marine engines totalled 2,236 (1,963) units during the first nine months of 1999. NUMBER OF EMPLOYEES 1999 1998 30 Sept 30 June 31 March 31 Dec 30 Sept Production companies etc. 13,198 13,099 13,214 13,364 13,325 Marketing companies 7,820 6,784 6,620 6,315 6,228 European operations 21,018 19,883 19,834 19,679 19,553 Latin American operations 3,620 3,625 3,664 3,714 3,910 Customer finance operations 162 150 141 144 136 Total number of employees 24,800 23,658 23,639 23,537 23,599 10

Financial information from Scania Annual Report 1998 Environmental report 1998 Both publications may be ordered from Scania s Head Office in Södertälje. Information about Scania is available on www.scania.com For further information, please contact Magnus Hahn, Corporate Communications Tel. +46-8 5538 3510, mobile tel. +46-70 551 79 03 Ulf Söderström, Corporate Communications Tel. +46-8 5538 1044, mobile tel. +46-70 680 95 95 Oscar Stjerngren, Investor Relations Tel. +46-8 5538 3657, mobile tel. +46-70 598 36 58 11

Scania AB (publ) SE-151 87 Södertälje, Sweden www.scania.com 1592741/6/KREAB/Thomas Linder AB/Trosa Tryckeri, 1999