Violet controls 5.3 % of the votes in AB Volvo.

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



October 20, 2006



Please be advised that Violet Partners L.P. as of today owns 8,340,336 series A shares in AB Volvo (publ) corresponding to 5.26% of the total number of votes and 2.06% of the capital in AB Volvo.

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




Yours faithfully


Alison Creed
Director