Volvo acquires own shares

VOLVO ACQUIRES OWN SHARES The Board of Directors of AB Volvo has on February 1, 2001, decided to repurchase up to 10 percent of the Company's shares, whereof 5 percent will be transferred to Renault S.A. as final payment for Mack Trucks and Renault V.I. In connection with the Board's resolution AB Volvo has on Wednesday, February 7, acquired 125,085 series A-shares and 781,724 series B-shares in AB Volvo. The A-shares have been acquired to an average price of SEK 182,40 and the series B-shares have been acquired to an average price of SEK 187,57 per share. This latest acquisition corresponds to 0,21 percent of the share capital and 0,12 percent of the voting rights. Volvo is thereafter in possession of 5,28 percent of the total number outstanding series A-shares and 5,77 percent of the total number of outstanding series B-shares. The total number of the acquired shares corresponds to 5,37 percent of the voting rights and 5,62 percent of the share capital. The total number of shares in the Company amounts to 441,520,885. February 8, 2001 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/02/08/20010208BIT00230/bit0001.doc http://www.bit.se/bitonline/2001/02/08/20010208BIT00230/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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