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AB Volvo won tax case in County Administrative Court

The County Administrative Court in Göteborg, Sweden has ruled in AB Volvo’s favor in a tax case pertaining to a deduction claimed in 2003 related to a loss on a receivable due from the British subsidiary BRS. The ruling will result in AB Volvo reporting a positive tax effect of about SEK 180 M plus interest, a total of about SEK 200 M.

The positive effect on earnings will be recognized in AB Volvo’s accounts for the fourth quarter of 2008.

December 17, 2008

Reporters who want more information, please contact Mårten Wikforss, +46 31 66 11 27 or +46 705 59 11 49