The proposed distribution of Polestar shares to Volvo Cars’ shareholders

NOTHING CONTAINED IN THIS SECTION OF THE WEBSITE IS AN OFFER OF SECURITIES IN ANY JURISDICTION.

IMPORTANT INFORMATION

Volvo Car AB (publ) (the "Company") has not made and does not intend to make any offer of securities in any jurisdiction.

The information and documents contained in this section of the website have not been subject to approval, review or revision by any supervisory or regulatory authority in any jurisdiction and neither has it been determined if the information and documents contained in this section of the website is accurate or complete.

In the United Kingdom, the documents contained in this section of the website have not been approved by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000. Accordingly, such documents are not being distributed to, and must not be passed on to, the general public in the United Kingdom and should only be distributed to and may only be acted upon by, existing shareholders of the Company or any other persons to whom it may otherwise lawfully be made available to under the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended. The proposed corporate event described within this section of the website has not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act") or the securities laws of any state of the United States. Any securities described in this section of the website may not be offered or sold in the United States unless registered under the Securities Act or pursuant to or an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any applicable state or local securities law.

Forward-looking statements

The information and documents contained in this section of the website may include forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believe", "expect", "anticipate", "intend", "estimate", "project", "will", "may", "target", "should" and or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts and include statements regarding the Company’s, or its affiliates’ intentions, beliefs or current expectations concerning, among other things, the Company’s or its affiliates’ results of operations, financial condition, liquidity, prospects, growth, strategies and the industries in which they operate. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Such statements are based upon current expectations, various assumptions and/or data available from third parties. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those made in or suggested by the forward-looking statements contained in the information and documents contained in this section of the website and may not be indicative of results or developments in subsequent periods.

The forward-looking statements and information contained in this section of the website are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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