Volvo: US Environmental Protection Agency Recognizes Mack for Reduction in Emission of Greenhouse Gases

Business Wire, Oct 10, 2008

STOCKHOLM, Sweden -- Regulatory News:

At a meeting in Chicago last Wednesday, the US Environmental Protection Agency (EPA) recognized the Volvo Group's (STO:VOLVA)(STO:VOLVB) US subsidiary Mack for the company's successful efforts in significantly reducing the emission of greenhouse gases.

It was within the framework of the Climate Leaders program that Mack worked with reducing the emission of greenhouse gases from its operations. Between 2003 and 2007, the company reduced its emissions of greenhouse gases by a full 32% per manufactured unit.

During the same period, Mack simultaneously reduced the total emission of greenhouse gases by 25%.

This achievement can be compared with the target set in 2004, in which Mack pledged to reduce the emission of greenhouse gases by 20% per manufactured unit by 2010. Through implementing a number of energy-saving projects, Mack not only met but exceeded the target already in 2007.

To achieve the goal, Mack implemented a number of major changes with the aim of saving energy at the US production plants in Hagerstown, Macungie and Middletown. Examples include more efficient lighting, boilers that operate on natural gas, biodiesel and other vegetable oils as well as a system for fuel recovery.

Following these successes, Mack has established new targets within the framework of the Climate Leaders program to reduce its greenhouse-gas emissions per manufactured unit an additional 12% by 2012.

October 10, 2008

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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 8.30 a.m. October 10, 2008.

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. Annual sales of the Volvo Group amount to about SEK 285 billion. The Volvo Group is a publicly-held company headquartered in Goteborg, Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm.

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