Sale of Celero completed

AB Volvo has now completed the previously announced sale of the Group’s service company Celero Support to Coor Service Management. Accordingly, all terms and conditions of the transaction were met.

As announced earlier, the Volvo Group had reached an agreement with Coor Service Management covering a sale of the Group’s service company Celero Support. The purchase consideration was SEK 680 M, less the company’s net debt. Preliminarily, the capital gain is estimated at SEK 450 M. November 30, 2005 For further information, please contact Mårten Wikforss, +46 (0)31-66 11 27 or +46 (0)705-59 11 49