Swedish version

Pressrelease

Stockholm, July 17, 2008

All Conditions for Divestment of Scania Shares Fulfilled

All conditions regarding the divestment of the Wallenberg Foundations (1) remaining shares in Scania to Volkswagen have now been fulfilled. The transaction of 46,684,872 A-shares in Scania at a price of SEK 200 per share, prior to adjustments for dividends, proceeds from redemption programs and additional interest compensation on the transaction value, can thereby be finalized. The net proceeds after these adjustments and less transaction costs amounts to SEK 8.9 bn. Settlement is expected on July 22, 2008.

For further information please contact:
Lars Wedenborn, +46 73 523 77 35

The Knut and Alice Wallenberg Foundation, the Marianne and Marcus Wallenberg Foundation and the Marcus and Amalia Wallenberg Foundation are together the largest private funders of research in Sweden. The Foundations’ wholly-owned company Foundation Asset Management (FAM) manages the Foundations’ assets through direct ownership as well as through advisory assignments. During the last five years, these three Wallenberg Foundations have collectively distributed more than SEK 4.5 billion to Swedish scientific research and education.

1) The Knut and Alice Wallenberg Foundation, the Marianne and Marcus Wallenberg Foundation and the Marcus and Amalia Wallenberg Foundation (the “Wallenberg Foundations”)

Image Prressrelease - Scania 2008-07-17 (29,2 kB)