Truck deliveries January 2005

Total deliveries of trucks from the Volvo Group’s three truck companies increased 30% in January this year, compared with the year-earlier period. Deliveries from Mack rose 80%, while deliveries from Renault Trucks were up 14%. Deliveries from Volvo Trucks increased 31% during the period.

During the past 12 months, order bookings for the Group’s truck operations were 36% higher compared with the preceding year. Orders were up 11% in Europe, while the increase in North America was 86%. For full report, see attachment. February 23, 2005 For further information, please contact: Media Relations: Bernard Lancelot, Renault Trucks, +33 4 72 96 27 59 Bob Martin, Mack, +1 (610) 709-2670 Claes Claeson, Volvo Trucks, +46 31-66 39 08 Investor Relations: Fredrik Brunell, AB Volvo, +46 31 66 11 91 February 23, 2005