Scania: CEO Exercises Employee Stock Option

STOCKHOLM, Sweden--Dec. 2, 20059, 2005--Scania's (STO:SCVA)(STO:SCVB) CEO and President Leif Ostling has today, 29 December 2005, exercised the employee stock option, for which the company earlier has provided information. The option expires 31 December 2005.

By cash settlement Leif Ostling will receive the value according to the share price as of 29 December for 220,000 B-shares, with the reduction of SEK196 per share and preliminary tax.

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. ----------------------------------------------------------------------

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