(The following press release from Renault SA was
received by e-mail. The statement was not confirmed with
the sender.) 
Renault announces the sale of its stake in AB Volvo 
The Renault group announces that it is selling its
remaining shares in the AB Volvo group, bought in 2001,
in order to: 
- strengthen the financial situation of the Group, 
- enhance the financial flexibility of the Group. 
Today, Renault has initiated the sale of its entire
stake in the Series A shares of AB Volvo representing
6.5% of the share capital and 17.2% of the voting
rights. After this transaction is completed, the
Renault group will no longer hold any shares in AB
This transaction will complete Renault’s exit of AB
Volvo’s capital, which was initiated on October 6,
2010 with the sale by Renault of its entire stake in
SeriesB shares which represented at that time 14.9%
of the share capital and 3.8% of the voting rights of
AB Volvo. 
The sale of the block of 138,604,945 Series A shares
is made via an accelerated book building and a private
placement in Sweden and rest of the world. 
The funds raised through this sale will strengthen the
financial stability of the Renault group and will be
allocated in priority to: 
the reduction of the net automotive debt of the
Renault group; 
investments decided within the Plan, notably in
France that will represent around 40% of industrial
investments of the Group in 2013; 
strategic international investments of the Group,
notably in Russia and China, which will constitute
new opportunities for growth that will strengthen
the Group. 
These investments are required for the preparation of
the Group’s future in order to follow the rejuvenation
program of the range, strengthen the competitiveness
of its European plants and foster the international
expansion of Renault. 
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 shares does not constitute a public
offering in any jurisdiction, including France and
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. 
Media Contact : Raluca Barb: +33 1 76 84 18 54 & 
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