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President Bush Tours Volvo Group Exhibition of CO2-neutral Trucks in Washington, DC

Volvo Group CEO, Leif Johansson introduced the President of the United States, George W. Bush to the future of environmentally adapted, heavy-duty transportation.
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The President toured the display hall at the Washington International Renewable Energy Conference (www.wirec2008.com) yesterday, where seven Volvo Group trucks – six Volvo truck models and one Mack Truck - each capable of operating on different renewable fuels, were presented. "Each of the trucks seen by President Bush can be driven without any net contribution of carbon dioxide to the atmosphere," said Johansson. The display also included a Mack hybrid electric vehicle (HEV), which will be delivered to the U.S. Air Force under a cooperative research and development agreement. Four Mack HEV trucks are currently being tested by the U.S. Air Force.

"We are grateful for President Bush's interest in our achievements and I shared with him Volvo's long-term goal of providing

AB Volvo (publ) Telephone Telefax Web Media Relations +46 31 66 11 27 +46 31 66 12 71 www.volvogroup.com SE-405 08 Göteborg Sweden Visit http://www.thenewsmarket.com/volvogroup to access broadcast-standard video from Volvo Group. You can preview and request video, and choose to receive as a MPEG2 file or by Beta SP tape. Registration and video is free to the media. The Volvo Group is one of the world’s leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services.

The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 100,000 people, has production facilities in 19 countries and sells their products in more than 180 markets. Annual sales of the Volvo Group amount to about SEK 285 billion. The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm. AB Volvo (publ) may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at xx.xx a.m. March 5, 2008. AB Volvo (publ) Telephone Telefax Web Media Relations +46 31 66 11 27 +46 31 66 12 71 www.volvogroup.com SE-405 08 Göteborg Sweden advanced vehicles having a benign environmental footprint," Johansson added.

During his address to conference participants, President Bush noted "Expanding use in ethanol and biodiesel requires getting more cars on the road that use these alternative fuels. We expect the private sector to respond."