Volvo: Truck Deliveries in November 2014

Regulatory News:

Deliveries from the Volvo Group’s (STO:VOLVA) (STO:VOLVB) truck operations in November 2014 amounted to 18,224 vehicles. This was a decrease of 10% compared with the year-earlier month.

Volvo Group

Deliveries from the Volvo Group’s truck operations in November 2014 amounted to 18,224 vehicles. This was a decrease of 10% compared with the year-earlier month. On a regional basis November deliveries declined by 16% in South America, primarily due to lower deliveries in Brazil. Deliveries in Europe declined by 31%, mainly as a result of high deliveries in 2013 during the pre-buy ahead of the EU6 emission legislation. Deliveries in North America increased by 21% in November thanks to a continuously high demand due to fleet renewal and a good economic development in general. In Asia truck deliveries increased by 10%.

Total deliveries by market for all brands (Volvo, Mack, Renault Trucks, UD Trucks and Eicher):

Volvo

In November 10,693 Volvo trucks were delivered, a decrease of 13% compared with the same month last year.

In Europe 3,701 vehicles were delivered during November, down by 30% compared with November 2013. The decline was mainly a result of high deliveries in 2013 during the pre-buy ahead of the EU6 emission legislation.

Demand in North America continued to be good and deliveries increased by 9% to 2,855 vehicles in comparison with the same period last year.

Deliveries in South America decreased to 2,176 trucks in November, a decrease of 19% compared with November 2013. Demand for new trucks is currently low due to uncertainty regarding what the interest rates for truck financing in the governmental Finame-program will be in 2015.

Deliveries by market area:

Mack

Deliveries for Mack in November totaled 2,451 vehicles, a 43% increase compared with November 2013.

Deliveries by market area:

Renault Trucks

In November 3,155 trucks were delivered by Renault Trucks. The deliveries of heavy duty trucks declined by 39% to 1,569 trucks in November compared with the year-earlier month. The decline was mainly a result of high deliveries in 2013 during the pre-buy ahead of the EU6 emission legislation.

Deliveries by market area:

UD Trucks

In November 2014, UD Trucks delivered 1,925 trucks, which was an increase by 11% compared to November last year.

Deliveries by market area:

Eicher*

Eicher delivered 2,258 trucks in November which is an increase by 21% compared to the amount of trucks delivered in November 2013.

Deliveries by market area:

*As of 2013 Eicher is reported under the equity method and consequently sales and deliveries are not consolidated in to the Volvo Group.

December 18, 2014

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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) may be 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 08.30 a.m December 18, 2014.

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