The management of Prevost Car Inc. is pleased to announce that Volvo Bus Corporation, a division of  the Volvo Group, becomes the sole owner of Prevost Car and Nova Bus.

Enclosed are two press releases that were issued today regarding this positive announcement. By becoming sole owner, Volvo Bus is renewing its commitment of continued quality and innovation for all Prevost and Nova Bus customers.

Please read the attached document to find out more about this very important announcement.

Yours truly,

Gaetan Bolduc

President and CEO