AB Volvo finalizes acquisition of shares in Deutz AG

AB Volvo has completed the previously announced transaction whereby the company
increases its shareholding in Deutz AG from 6.7% to just over 25%. In total, AB
Volvo has acquired 22,117,693 shares from Same Deutz-Fahr Group for an amount of
EUR 130 million. The transaction makes AB Volvo the largest shareholder in Deutz
AG.
Deutz AG has been a strategic supplier of medium duty engines to the Volvo Group
for more than a decade. Earlier this year, AB Volvo and Deutz AG signed a non
-binding memorandum of understanding with the intention to explore the potential
to extend the companies’ long-term cooperation through joint development of the
next generation of medium-duty engines for off-road applications. The memorandum
of understanding also aims at analysing the conditions for establishing a joint
venture in China for the production of medium-duty engines for off-road
applications.

The transaction is not expected to have any material impact on the Volvo Group’s
earnings or financial position.

September 13, 2012

Reporters who want more information, please contact Kina Wileke, +46 31-66 12 32
or +46 739-02 55 44

The Volvo Group is one of the world’s leading manufacturers of trucks, buses and
construction equipment, drive systems for marine and industrial applications and
aerospace components. The Group also provides complete solutions for financing
and service. The Volvo Group, which employs about 115,000 people, has production
facilities in 20 countries and sells their products in more than 190 markets. In
2011 annual sales of the Volvo Group amounted to about SEK 310 billion. The
Volvo Group is a publicly-held company headquartered in Göteborg, Sweden. Volvo
shares are listed on OMX Nordic Exchange Stockholm. For more information, please
visit www.volvogroup.com or www.volvogroup.mobi if you are using your mobile
phone