Volvo now in possession of 10 per cent of its own shares

VOLVO NOW IN POSSESSION OF 10 PER CENT OF ITS OWN SHARES Further to the decision taken by Volvo's Board of Directors on May 18 regarding repurchase of own shares, Volvo has, on Wednesday August 2, acquired 65,605 series A shares. Volvo is, therefore, now in possession of a total of 13,860,494 series A shares and 30,291,594 series B shares, which corresponds to 10 per cent of the share capital and 10 per cent of the voting rights. August 3, 2000 ------------------------------------------------------------ This information was brought to you by BIT 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.