MAN AG / Offer



Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

Discussions between Volkswagen, Investor and MAN have shown that
there is an industrial logic behind a combination of MAN AG, Scania AB
and Volkswagen Heavy Trucks. It is however not possible to achieve
such a combination by way of the current Offer by MAN for Scania which
is due to close on 31 January 2007 given that it has been rejected by
both Volkswagen and Investor.

In light of this, MAN has decided not to amend the terms, conditions
or timing of its Offer. As a consequence MAN will seek the approval of
the Swedish Securities Council to withdraw the Offer as it is clear
that the conditions of the Offer will not be met by 31 January.

As a shareholder of Scania, MAN is therefore looking forward to
entering into further discussions during 2007 to seek a friendly
combination of MAN AG, Scania AB and Volkswagen Heavy Trucks.

At the same time MAN will continue to focus on developing its present
businesses and to explore other opportunities to achieve greater
efficiency through scale thereby increasing value to our shareholders.

MAN Aktiengesellschaft
The Executive Board






DGAP 23.01.2007