MANAGEMENT APPOINTMENTS AT VOLVO TRUCK CORPORATION

Management appointments at Volvo Truck Corporation Roar Isaksen has been appointed head of Volvo Truck Corporation's Europe Division. Roar Isaksen is today responsible for the International Division and will take up his new position January 15, 2002 Roar Isaksen joined the Volvo Group in 1995, following a career in the Atlas Copco Group. Prior to his current position as head of the International Divison, he was the President of Volvo Parts in North America. Claes Svedberg, today president of Volvo Truck Australia, has been appointed successor to Roar Isaksen as head of the International Division. Claes Svedberg has been working for Volvo Trucks in the Asia/Pacific area for eleven years, whereof four years in Thailand. He entered his current position as president of Volvo Truck Australia four years ago. December 21, 2001 For further information please contact Claes Claeson tel +46 31 363908, mobile +46 708 36 3908 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/12/21/20011220BIT01180/bit0001.doc http://www.waymaker.net/bitonline/2001/12/21/20011220BIT01180/bit0001.pdf

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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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