Volvo Group in Agreement with CNHTC to Sell Its Equity Interest in Jinan Huawo Truck Corporation

STOCKHOLM--(Business Wire)--
Regulatory News:

The Volvo Group (STO:VOLVA)(STO:VOLVB), Sinotruck (BVI) Limited and China
National Heavy Duty Truck Group Corporation (CNHTC) have signed an agreement
whereby Sinotruck (BVI) Limited, a wholly owned subsidiary of China National
Heavy Duty Truck Group Corporation, and CNHTC agrees to purchase all of Volvo
Group`s equity interest in Jinan Huawo Truck Corporation (Joint Venture), in
which Volvo Group currently holds a 50-percent equity interest. The agreement is
subject to approval by the P.R.C. authorities.

The partnership commenced in 2003, the Joint Venture has for various reasons not
become the business success that both parties had expected.

The newly signed agreement describes detailed arrangements of the withdrawal of
Volvo Group from the Joint Venture.

November 16, 2009

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AB Volvo (publ) may be required to disclose the information provided herein
pursuant to the Securities Markets Act. The information was submitted for
publication at 0900 a.m. November 16.

The Volvo Group is one of the world`s leading manufacturers of trucks, buses and
construction equipment, drive systems for marine and industrial applications,
aerospace components and services. The Group also provides complete solutions
for financing and service. The Volvo Group, which employs about 100,000 people,
has production facilities in 19 countries and sells their products in more than
180 markets. In 2008 annual sales of the Volvo Group amounted to about SEK 300
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.

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or
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