Parent Company AB Volvo

In the third quarter revaluation of the ownership in the listed company Deutz AG has decreased the value by SEK 191 M, total for 2011 the value has decreased by SEK 142 M, recognized in other comprehensive income.

Investments in intangible and tangible assets amounted to SEK - M (22) and SEK 57 M (1) respectively.

Financial net debt amounted to SEK 29,632 M at the end of the third quarter (30,376).

Events after the balance sheet date
See Important events. No other significant events have occurred after the end of the third quarter 2011 that are expected to have a substantial effect on the Volvo Group.

Göteborg October 25, 2011
AB Volvo (publ)

Olof Persson
President and CEO

This report has not been reviewed by AB Volvo’s auditors.