Volvo AB

Invitation to press conference


AB Volvo hereby invites the media to attend a press conference to
announce AB Volvo's intention to make a public offer for Bilia's truck
and construction equipment operations.

Time:        12 o'clock noon

Place:       Bilia Head Office, Norra Långebergsg. 3 (Sisjön),

Tel No:  +46-31-709 55 00

During the press conference, Volvo will be represented by Chief
Executive Officer Leif Johansson and by the President of Volvo Trucks,
Jorma Halonen. Bilia will be represented during the conference by the
Chairman of the Board, Jacob Palmstierna, and the company's Chief
Executive Officer, Heinrich Blauert.

March 13, 2003