Truck deliveries January-November 2004

Total deliveries of trucks from the Volvo Group’s three truck companies increased 24% through November this year, compared with the year-earlier period. Deliveries from Mack rose 33%, while deliveries from Renault Trucks were up 16%. Deliveries from Volvo Trucks increased 28% during the period.

“The very high pace of deliveries continues in all markets. Our market projections remain valid, but in November we did note a lower order intake in Europe”, says Volvo CEO Leif Johansson. During the past 12 months, order bookings for the Group’s truck operations were 37% higher compared with the preceding year. Orders were up 9% in Europe, while the increase in North America was 105%. For full report see attachment. December 16, 2004 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

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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.