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 March 15, acquired 307.341 series A-shares to an average price of SEK 167.97 per share. This latest acquisition corresponds to 0.07 percent of the share capital and 0.18 percent of the voting rights. Volvo is thereafter in possession of 5,00 percent of the total number outstanding series A-shares and 5,00 percent of the total number of outstanding series B-shares. The total number of the acquired shares corresponds to 5,00 percent of the voting rights and 5,00 percent of the share capital. With this latest acquisition, the decision to repurchase shares as taken by the Board of Directors of AB Volvo was accomplished. The total number of shares amounts to 441,520,885. March 16, 2001 For further information contact Adi Nilson +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/2001/03/16/20010316BIT00130/bit0002.doc http://www.bit.se/bitonline/2001/03/16/20010316BIT00130/bit0002.pdf