Deutsche Bank AG

Capital/Financing Update • Dec 9, 2021

National Storage Mechanism | Additional information

RNS Number : 1473V

Deutsche Bank AG, Frankfurt

09 December 2021

9-Dec-21

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in

which such distribution would be unlawful.

Volvo Treasury AB

Post-stabilisation Period Announcement

Further to the pre-stabilisation period announcement dated 02/11/211 Deutsche Bank AG, Frankfurt (contact: DCM Syndication TA; telephone: 0207 54 54153 hereby gives notice that no stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) or the rules of the Financial Conduct Authority)2 was undertaken by the Stabilisation Manager(s)3 named below in relation to the offer of the following securities.

The Securities:

Issuer:                                                                             Volvo Treasury AB

Guarantor (if any):                                                        AB Volvo (publ)

Aggregate nominal amount:                                       EUR 600,000,000

Description:                                                                    Volvo Treasury AB EUR 600m 0% Bonds due 9 May 2024

Stabilisation Manager(s):                                              Deutsche Bank, ING, MUFG Securities  

Offer Price:                                                                      100.222%

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