Renault has sold its remaining stake in VOLVO AB

Renault announced today the successful completion of the institutional private placement of 138,604,945 Series A shares of Volvo AB, its entire stake in the Series A shares, representing  6.5% of the share capital and 17.2% of the voting rights in Volvo AB, at a price of 92.25 SEK per share. The proceeds from the transaction amounted to 12;78 billion SEK*.

(* equivalent indicative value in euro = €1,476 million, at an exchange rate of 8.6612 SEK = 1€)

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This announcement is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities and the offer of Volvo B shares does not constitute a public offering in any jurisdiction, including France and Sweden.

In the United Kingdom, this communication is for distribution only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). In the United Kingdom, this document is directed only at such relevant persons and it is not intended to be distributed, directly or indirectly, to any other person and any investment activity to which this document relates will be available only to, and will be engaged in only with, relevant persons.

The offer and sale of the securities referred to in this announcement has not been, nor will be, registered under the United States Securities Act of 1933 (the "Securities Act") and the securities may not be offered or sold in the United States absent such registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offering of the securities in the United States in connection with this transaction.

Any investment decision to buy shares in Volvo AB must be made solely on the basis of publicly available information regarding Volvo AB. Such information is not the responsibility of Renault and has not been independently verified by Renault.

Release, publication or distribution of this press release is forbidden in any country where it would violate applicable laws or regulations.