Volvo axquires 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 Thursday February 1, acquired 6,930,247 series A-shares and 8,636,485 series B- shares in AB Volvo. The A-shares have been acquired to an average price of SEK 186,43 and the series B-shares have been acquired to an average price of SEK 190,07 per share. Volvo is thereafter in possession of 5 percent of the total number outstanding series A-shares and 2,9 percent of the total number of outstanding series B-shares. The total number of the acquired shares corresponds to 4,6 of the voting rights and 3,5 percent of the share capital. The total number of shares outstanding amounts to 441,520,885. February 2, 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/2001/02/02/20010202BIT00240/bit0001.doc http://www.bit.se/bitonline/2001/02/02/20010202BIT00240/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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