AB Volvo repurchased 665,000 B shares and 10,000 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 28-March 4, acquired a total of 665,000 series B shares and 10,000 series A shares.

Date A-shares B-shares Average A Average B Feb 28 10,000 350,000 303.60 315.60 March 1 315,000 311.47 After the repurchase, AB Volvo is in possession of a total of 7,230,246 series A shares and 29,890,797 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. March 7, 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