Acceptance period extended in Volvo's offer to Scania's shareholders

Not for distribution in U.S., Australia, Canada or Japan ACCEPTANCE PERIOD EXTENDED IN VOLVO´S OFFER TO SCANIA´S SHAREHOLDERS In view of the fact that necessary regulatory approvals have not yet been received, the Board of Directors of Volvo has decided to, for the time being, extend the acceptance period in the offer to Scania's shareholders up to and including February 8, 2000. Settlement is expected to commence on February 22, 2000 provided that the acceptance period will not be further extended. Volvo's public offer to Scania's shareholders is not being made, directly or indirectly, in or into, and it will not be permitted to be accepted in or from the United States. Accordingly, no offer is being made for Scania's American Depositary Receipts. December 2, 1999 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/12/02/19991202BIT00370/bit0001.doc http://www.bit.se/bitonline/1999/12/02/19991202BIT00370/bit0002.pdf