Volvo makes provision related to EU antitrust investigation

After an evaluation of the Statement of Objections, issued by the European
Commission on November 20, 2014 in the on-going antitrust investigation relating
to the time period prior to January 18, 2011, the Volvo Group has decided to
make a provision of EUR 400 M (SEK 3.7 bn). The provision will impact the
operating income negatively in the fourth quarter 2014.
As a result of an evaluation of the Statement of Objections, the Volvo Group
will make a provision of EUR 400 M (SEK 3.7 bn) in the fourth quarter of 2014.
However, the proceedings are still at an early stage and there are a number of
uncertainties associated with the final outcome of the Commission’s
investigation as well as the amount of a potential fine. The Volvo Group will re
-assess the size of the provision regularly following the development of the
proceedings.

The provision will impact the Volvo Group’s operating income in the segment
Trucks. The net financial debt and cash flow will not be impacted in the fourth
quarter 2014.

In January 2011, the Volvo Group and a number of other companies in the truck
industry became part of an investigation by the European Commission regarding a
possible violation of EU antitrust rules. Volvo has previously announced that it
is probable that the Group’s financial result and cash flow may be materially
adversely affected as a result of the Commission’s investigation.

November 25, 2014

Journalists who require further information are requested to please contact Kina
Wileke, +46 (0)31-323 7229 or +46 (0) 765-537229.

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http://www.volvogroup.com/globalnews.

The Volvo Group is one of the world’s leading manufacturers of trucks, buses,
construction equipment and marine and industrial engines. The Group also
provides complete solutions for financing and service. The Volvo Group, which
employs about 110,000 people, has production facilities in 18 countries and
sells its products in more than 190 markets. In 2013 the Volvo Group’s sales
amounted to about SEK 270 billion. The Volvo Group is a publicly-held company
headquartered in Göteborg, Sweden. Volvo shares are listed on Nasdaq Stockholm.
For more information, please visit www.volvogroup.com or www.volvogroup.mobi if
you are using your mobile phone.

AB Volvo (publ) is required to disclose the information provided herein pursuant
to the Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 08.15 a.m November 25, 2014.