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GM/OPEL Exercises Option in Saab Automobile

31 January 2000

    STOCKHOLM, Sweden--Investor AB, Sweden's largest industrial holding company, today announced that Investor AB and General Motors have reached an agreement on the complete transfer of Investor's 50% ownership in Saab Automobile to the GM Group for a price of US$ 125 million, which was agreed upon in 1996.

    Final completion is conditional upon EU Commission approval. Investor's claims for debt on Saab Automobile are not affected by this transaction.

    Investor AB is the largest Swedish industrial holding company. It generates value for shareholders through long-term active ownership and active investment operations. Over the past 20 years the average total annual return to shareholders has exceeded 20%.

    Investor AB is a lead shareholder in a number of Sweden's largest, most internationally active companies. These include AstraZeneca, Ericsson, Scania, ABB, Gambro, Stora Enso, Atlas Copco, SEB, WM-data, Electrolux, Saab AB, Saab Automobile AB (50%), SKF, SAS and OM Gruppen. Investor's largest shareholders are the Wallenberg family foundations and a number of mutual and pension funds.

    Investor AB is based in Stockholm, with offices in Hong Kong, London and New York and Amsterdam.