Invitation to press conference

INVITATION TO PRESS CONFERENCE AB Volvo hereby invites the media to attend a press conference to announce AB Volvo's intention to make a public offer for Bilia's truck and construction equipment operations. Time: 12 o'clock noon Place: Bilia Head Office, Norra Långebergsg. 3 (Sisjön), Gothenburg Tel No: +46-31-709 55 00 During the press conference, Volvo will be represented by Chief Executive Officer Leif Johansson and by the President of Volvo Trucks, Jorma Halonen. Bilia will be represented during the conference by the Chairman of the Board, Jacob Palmstierna, and the company's Chief Executive Officer, Heinrich Blauert. March 13, 2003 ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download:

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The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The headquarter is located in Gothenburg, Sweden.