Initial statement from the Independent Committee

The Independent Committee of the Scania Board of Directors (the “Committee”) has
commenced its work. The Committee has appointed advisors to assist on the work
going forward. The Committee will make a thorough analysis and thereafter
announce its opinion on the offer. The Committee recommends all shareholders not
to take a final decision until all relevant information is available.
Deutsche Bank and Morgan Stanley have been retained as financial advisors to the
Committee.

Mannheimer Swartling has been retained as legal advisor and JKL as communication
advisor.

“The mandate of the Committee is to take all actions and responsibilities that
the Board of Directors would normally take in regards to a public offer and to
act in the best interest of all shareholders in Scania“, says Åsa Thunman,
Chairman of the Committee.

“The Committee will now assess the information that is included in the offer. It
has noted that Volkswagen does not foresee any significant changes with regards
to Scania and that Scania’s headquarters and its development centers will remain
where they are today. These matters are of course of importance to the company
and for Sweden”, says Peter Wallenberg Jr.

“The work of the Committee is very important. I have delegated some of my duties
as a union representative in order to fulfill my duties as a board member”, says
Johan Järvklo.

The work of the Committee is at this point at an early stage and the Committee
will of course take into account additional key information including the offer
document. There are no dates set for further communication or publication of
information from the Committee.

As previously announced, the Independent Committee consists of the following
Board Members: Åsa Thunman (chairman), Peter Wallenberg Jr, Peter Abele, Johan
Järvklo and Håkan Thurfjell. Spokesperson for the Committee is the Chairman Åsa
Thunman.

For further information, please call the Committee’s press contact, tel
+46 729 299 450.

The information set out in this press release is announced in accordance with
the Swedish Securities Market Act. The information was submitted for publication
on  25 February 2014, 07:30 CET.
Scania is one of the world’s leading manufacturers of trucks and buses for heavy
transport applications, and of industrial and marine engines. Service-related
products account for a growing proportion of the company’s operations, assuring
Scania customers of cost-effective transport solutions and maximum uptime Scania
also offers financial services. Employing some 41,000 people, the company
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 2013, net sales totalled SEK 86.8 billion and net income amounted
to SEK 6.2 billion. Scania press releases are available on
www.scania.com (http://www.scania.com/se)