Volvo Car Corporation completes purchase of The Sixth AP Fund's shares in Volvofinans Bank AB

Finansinspektionen and EUs competition authority has given its approval to Volvo Car Corporation to complete the purchase of the Sixth AP Fund's shares in Volvofinans Bank AB. Volvofinans Bank AB is now owned 50% by Volvo Cars and 50% by the Swedish authorized retailers through the company AB Volverkinvest.Volvo Car Corporation ("Volvo Cars") and the sixth AP Fund signed an agreement on December 28th 2015 to acquire the Fund's 40% stake in Volvofinans Bank AB ("Volvofinans"), the leading bank in Sweden in car financing. All regulatory approvals were obtained on August 4th. With this