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AB Volvo announces share repurchase

Further to the decision taken by AB Volvo's Board of Directors on June 17, 2004, regarding repurchase of own shares, AB Volvo has, on Monday November 1, acquired 250,000 series B shares. The shares were traded between SEK 269.50 and 272.50 with an average price of SEK 271.14.
On June 17, 2004, the Board of AB Volvo decided to acquire through purchase on Stockholmsbörsen (Stockholm Exchange) a maximum of 22,076,045 Series A and/or Series B shares, however, not to exceed a total purchase amount of SEK 4,300,000,000.
After the repurchase, AB Volvo is in possession of a total of 6,930,246 series A shares and 16,095,797 series B shares. The total number of shares in AB Volvo consists of 138,604,945 series A shares and 302,915,940 series B shares.


November 2, 2004


For further information, please contact:


Media Relations: Mårten Wikforss, +46 66 11 27 or +46 705 59 11 49
Investor Relations: Fredrik Brunell, +46 31 66 11 91 or +46 705 59 10 91