Truck deliveries January-May 2004

Truck deliveries January-May 2004 Total deliveries of trucks from the Volvo Group's three truck companies increased 20% through May this year, compared with the year-earlier period. Deliveries from Mack rose 28%, while deliveries from Renault Trucks were up 14%. Deliveries from Volvo Trucks increased 23% during the period. "Order bookings for the Group's trucks continue to develop favorably and remain at a high level. We are now proceeding with increasing the pace in our industrial systems," says Volvo CEO Leif Johansson. During the past 12 months, order bookings for the Group's truck operations were 39% higher compared with the preceding year. Orders were up 20% in Europe, while the increase in North America was 86%. For full report, see attachment. June 16, 2004 For further information, please contact: Media Relations: Bernard Lancelot, Renault Trucks, +33 4 72 96 27 59 Bob Martin, Mack, +1 (610) 709-2670 Claes Claeson, Volvo Trucks, +46 31-66 39 08 Investor Relations: Fredrik Brunell, AB Volvo, +46 31 66 11 91 The Volvo Group is one of the world's leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 76,000 people, has production facilities in 25 countries and sells their products in more than 185 markets. Annual sales of the Volvo Group amount to 18 billion euro. The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed on the stock exchanges in Stockholm, London and Frankfurt and on NASDAQ in the US. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/06/16/20040615BIT20450/wkr0001.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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