Transfer shares fo Renault S.A.

NEW VERSION AB VOLVO TRANSFER REMAINING SHARES TO RENAULT S.A AB Volvo has today, February 9 2001, transferred to Renault S.A. 6,930,248 Series A Volvo shares and 15,145,797 Series B Volvo shares as final payment for 100 percent of the shares in Renault V.I/Mack, Renault's truck business. AB Volvo acquired the transferred shares, which represents 5 percent of the share capital and voting rights in AB Volvo, through purchases on the OM Stockholm Exchange. Following the transfer AB Volvo owns 0,38 percent of Series A shares and 1,03 percent of Series B shares, which corresponds to 0,49 percent of the voting rights and 0,82 percent of the share capital. After having acquired 4,9 percent of Volvo shares in the open market, Renault now holds 19,9 percent of the shares in AB Volvo. February 9, 2001 For further information, please contact Adi Nilson, press relations AB Volvo, +46-31-591127. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/02/09/20010209BIT00770/bit0001.doc http://www.bit.se/bitonline/2001/02/09/20010209BIT00770/bit0002.pdf

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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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