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