Change of ownership in AB Volvo.

Cevian Capital Limited
La Motte Chambers
St. Helier
Jersey
Channel Islands
JE1 1BJ
Telephone +44 (0) 1534 602 000



October 20, 2006



Please be advised that Cevian Capital II Master Fund L.P. and Parvus Asset Management (UK) LLP no longer hold any shares in AB Volvo.


For further information please contact Christer Gardell or Lars Förberg (Tel +46 8 545 675 50)



Yours faithfully

Denzil Boschat
Director