Volvo sells its shares in Ainax

Volvo sells its shares in Ainax AB Volvo has sold all of its remaining shares in Ainax, a total of 259 880 shares, corresponding to approximately 1% of the votes and the share capital. The sale was carried out yesterday at an average price of SEK 232 per share. As a result of the transaction Volvo receives about 60 million SEK. Through the sale, Volvo has fulfilled its undertaking to sell the shares that were surplus following the distribution of Ainax to the share holdes of Volvo. Following this divestment, Volvo no longer holds any shares in Ainax. June 10, 2004 For further information, please contact Mårten Wikforss, +46 31 66 11 27, +46 705 59 11 49 ------------------------------------------------------------ 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.


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