Volvo AB

Volvo trucks deliver 200 trucks to Switzerland'

VOLVO TRUCKS DELIVER 200 TRUCKS TO SWITZERLAND'S CARLsBERG BREWERY

Volvo Trucks has signed an agreement with the Carlsberg owned brewery
Feldschlösschen Getränke in Switzerland.
Volvo will supply 200 complete trucks with superstructure to
Feldschlösschen. The deal also cover repairs and maintenance.

With the agreement Volvo takes system responsibility for the brewery's
entire vehicle fleet.

The contract encompasses 160 heavy Volvo trucks and about 40 light goods
vehicles (Renault Master), which will replace Feldschlösschen's current
fleet. The trucks will be delivered complete, with fully built bodies
and hydraulic lifts.

This is the largest single contract ever received by the Volvo Trucks
Swiss subsidiary.

Deliveries to Feldschlösschen Getränke will get under way during the
first quarter of this year.

January 13, 2003

For further information, please contact:

Claes Claeson, Volvo Truck Corporation, tel +46 31-66 39 08 or
+46 708-363908. E-mail: [email protected]

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 71,000 people, has production facilities in
25 countries and sells their products in more than 185 markets. Annual
sales of the Volvo Group amount to 18 billion euro. The Volvo Group is a
publicly-held company headquarterd in Göteborg, Sweden. Volvo shares are
listed on the stock exchanges in Stockholm, London, Brussels and
Frankfurt and on NASDAQ in the US