Derivatives: Anticipated adjustment due to Volvo’s split and redemption (12/07)

The following information is based on a press release from AB Volvo (Volvo) dated February 2, 2007 and may be subject to change.

The board of Volvo has proposed that the Annual General Meeting approves a share split 6:1 whereby every Volvo share will be replaced by five (5) ordinary shares and one (1) redemption share. The redemption share will then be subject to compulsory redemption for a cash payment of SEK 25,00. If the Annual General Meeting, which will be held April 4, 2007, approves the proposal, OMX Derivatives Markets will carry out a re-calculation of options and futures in Volvo and adjust the OMXS30 index as below. Scheduled record date is April 30, 2007.