JCB and Volvo Construction Equipment Sign Framework Agreement on Skid Steer & Compact Tracked Loaders

JCB and Volvo Construction Equipment have entered into a framework agreement under which they will cooperate on the engineering and manufacturing of skid steer loader and compact tracked loader products for distribution under their respective brands and through their respective global dealer networks.

It is envisaged that the first mono boom Volvo branded machines will be in production at JCB’s Savannah, Georgia facility by year end 2010. Volvo Construction Equipment will then transition skid steer loader models over time from its Pederneiras facility in Brazil. John Patterson, Deputy Chairman of JCB, comments: “This agreement will allow us to combine forces in this key product area enabling both brands to compete more effectively.” Olof Persson, Volvo Construction Equipment President, comments: “Volvo customers will benefit from a wider range of models that maintain the high level of product safety and functionality that they expect.” February 1, 2010 For further information, please visit: www.volvoce.com/press Or contact: Klas Magnusson Senior Vice President, Corporate Communications & Investor Relations Volvo Construction Equipment Tel: int +32 475 576214 Email: klas.magnusson@volvo.com Bill Law Director, External Communications Volvo Construction Equipment Tel: int + 32 478 92 43 26 Email: bill.law@volvo.com Visit http://www.thenewsmarket.com/volvogroup to access broadcast-standard video from the Volvo Group. You can preview and request video material as MPEG2 files or on Beta SP tapes. Registration and video material are free for the media.

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