New Large Order From Iran For 1,300 Volvo Trucks

NEW LARGE ORDER FROM IRAN FOR 1,300 VOLVO TRUCKS Volvo Trucks has secured an order for a total of 1,300 trucks from Iran, encompassing FH12 4x2 and 6x4 tractors.The order is valued at a total of about 600 million Swedish kronor (EUR 66 million). The trucks will be delivered in kit form (CKD), featuring an agreed locally produced content and assembled on site in Teheran. The specification is tailored to meet European requirements, with Euro 3 engines, and the trucks will mainly be used in transit haulage operations. The new order is part of Volvo's of the joint co-operation agreement previously signed with Saipa Diesel of Iran. "So far this year, we have signed orders for more than 2,000 trucks for delivery to Iran, which is extremely gratifying," says Claes Svedberg, head of the International Division at Volvo Trucks. September 20, 2002 For further information, please contact Claes Claeson, Volvo Truck Corporation, tel: +46 31-663908 or +46 708-363908 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 71,000 people, has production facilities in 25 countries and sells their products in more than 185 markets. Annual sales of the Volvo Group amount to 18 billion euro. The Volvo Group is a publicly-held company headquarterd in Göteborg, Sweden. Volvo shares are listed on the stock exchanges in Stockholm, London, Brussels and Frankfurt and on NASDAQ in the US. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/09/20/20020920BIT00060/wkr0001.doc http://www.waymaker.net/bitonline/2002/09/20/20020920BIT00060/wkr0002.pdf

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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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