US Environmental Protection Agency recognizes Mack for reduction in emission of greenhouse gases

At a meeting in Chicago last Wednesday, the US Environmental Protection Agency (EPA) recognized the Volvo Group’s 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

Reporters who want more information, please contact Mårten Wikforss, +46 31 66 11 27 0r +46 705 59 11 49

Visit http://www.thenewsmarket.com/volvogroup to access broadcast-standard video from Volvo Group. You can preview and request video, and choose to receive as a MPEG2 file or by Beta SP tape. Registration and video is free to the media.

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.

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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 headquarter is located in Gothenburg, Sweden.

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