Volvo Car — Capital/Financing Update 2021

Nov 30, 2021

Press release

30 November 2021

Volvo Cars issues notice of early redemption of bonds

Volvo Car AB today issues a notice of early redemption in respect of two of bonds, both guaranteed by Volvo Car Corporation:

• SEK 2.5 billion Senior Floating Rate Note, due 7 March 2022 (XS1530953618)
• SEK 0.5 billion 2.5% Senior Fixed Rate Note, due 7 March 2022 (XS1530953881)

Volvo Cars AB hereby notifies the holders of the above-mentioned bonds that it intends to redeem them on 10 December 2021 at a price equal to 100 per cent of the principal amount, together with any accrued and unpaid interest. This is in accordance with Section 3.07(b) of the original terms dated 7 December 2016.

The redemption is not subject to conditions.

For further information please contact:

Volvo Car AB (publ)

Volvo Cars Investor Relations Anna Oxenstierna +46 708 15 84 85 investors@volvocars.com

This information is information that Volvo Car AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 0800 CET on 30 November 2021.