Truck deliveries January-October 2004

Total deliveries of trucks from the Volvo Group’s three truck companies increased 22% through October this year, compared with the year-earlier period. Deliveries from Mack rose 30%, while deliveries from Renault Trucks were up 17%. Deliveries from Volvo Trucks increased 25% during the period.

“In October we delivered 19,000 trucks, which is the highest number so far. Our industrial system is working well and we are capable of meeting the strongly rising demand in a very good way”, says Volvo CEO Leif Johansson. During the past 12 months, order bookings for the Group’s truck operations were 42% higher compared with the preceding year. Orders were up 15% in Europe, while the increase in North America was 101%. For full report see attachment. 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.

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