MAN AG / Scheme of Arrangement

Release of an 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.

MAN and Freightliner Settle ERF Case

In the litigation with the Freightliner Group in USA/Canada MAN has
now reached an agreement with Freightliner that settles MAN’s claims
for damages in connection with the financial fraud committed at ERF, a
British truck maker taken over by MAN. The settlement provides that
Freightliner shortly pay an indemnity of GBP250 million (EUR370
million) to MAN.

Back in 2000, MAN had taken over ERF from Canada’s Western Star, a
company shortly afterwards acquired by Freightliner. After the ERF
acquisition, it emerged that ERF’s financial statements and thus its
value had been severely and fraudulently manipulated and
misrepresented. In 2002, MAN sued Freightliner as Western Star’s legal
successor for damages of around GBP300 million. While MAN had been
successful in the actions brought before British and US courts,
time-consuming and costly actions before higher-instance courts in
Britain and the US nonetheless awaited MAN, and these are now avoided
by the settlement.

MAN Aktiengesellschaft
The Executive Board






DGAP 27.05.2007