Porsche Automobil Holding SE: Holding in Volkswagen to be increased to over 50 per cent

Porsche Automobil Holding SE / Miscellaneous

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Porsche's majority in Volkswagen will provide indirect control over Scania

Holding in Volkswagen to be increased to over 50 per cent

Stuttgart. On this Monday, Porsche Automobil Holding SE, Stuttgart,
purchased further ordinary shares in Volkswagen AG, Wolfsburg, and will
increase its holding to 50.76 per cent of all ordinary voting shares in
Volkswagen. As a result of passing the threshold of 50 per cent Porsche
will acquire indirect control over Scania AB, Södertälje, and is required
by Swedish law to launch a mandatory offer for the truck manufacturer. The
Stuttgart-domiciled company is not bound by pre-acquisition prices and is
only obliged to offer the minimum price prescribed by law. The minimum
price will be calculated on the basis of the volume weighted average stock
exchange price of the Scania shares during the 20 trading days prior to
publication of the acquisition of the majority in Volkswagen. Porsche
points out that it has no strategic interest in Scania and is not
interested in acquiring Scania shares.
05.01.2009 Financial News transmitted by DGAP

Language: English
Issuer: Porsche Automobil Holding SE
Porscheplatz 1
70435 Stuttgart
Phone: +49 (0)711 911-11000
Fax: +49 (0)711 911-26375
E-mail: info@porsche.de
Internet: www.porsche-se.com
ISIN: DE000PAH0038
Listed: Regulierter Markt in Berlin, Frankfurt (General Standard),
München, Stuttgart; Freiverkehr in Hannover, Hamburg,
Düsseldorf; Terminbörse EUREX

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