AB Volvo repurchased 2,000,000 B shares and 60,000 A shares during last week

Further to the decision taken by AB Volvo's Board of Directors on June 17, 2004, regarding repurchase of own shares, AB Volvo has, during February 21-24, acquired a total of 2,000,000 series B shares and 60,000 series A shares.

Date A-shares B-shares Average A Average B Feb 21 15,000 550,000 298.96 310.06 Feb 22 15,000 550,000 296.43 307.70 Feb 23 15,000 550,000 298.42 309.28 Feb 24 15,000 350,000 303.45 314.92 After the repurchase, AB Volvo is in possession of a total of 7,220,246 series A shares and 29,225,797 series B shares. The total number of shares in AB Volvo consists of 138,604,945 series A shares and 302,915,940 series B shares. On June 17, 2004, the Board of AB Volvo decided to acquire through purchase on Stockholmsbörsen (Stockholm Exchange) a maximum of 22,076,045 Series A and/or Series B shares, however, not to exceed a total purchase amount of SEK 4,300,000,000. Press release regarding repurchase of shares is published once a week on Mondays. February 28, 2005 For further information, please contact: Media Relations: Mårten Wikforss, +46 66 11 27 or +46 705 59 11 49 Investor Relations: Fredrik Brunell, +46 31 66 11 91 or +46 705 59 10 91

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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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