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Investor Presentaiton

VOLVO CAR GROUP OWNERSHIP STRUCTURE Zhejiang Geely Holding Group Co., Ltd. 100% Geely Sweden Holdings AB Volvo Car Group 99% Other Investors 1% Volvo Car AB 100% Volvo Car Corporation Issuer Guarantor of the Notes Volvo Cars (China) Investment Co. Ltd. Volvo Cars consolidated subsidiaries Non-consolidated entities with Volvo Cars ownership | VOLVO CARS - DEBT INVESTOR PRESENTATION | 27
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