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Volvo AB (VOL)

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Friday 07 February, 2003

Volvo AB

AB Volvo applies for delisting from the first mark

AB VOLVO APPLIES FOR DELISTING FROM THE first market at the stock
exchange in Brussels

AB Volvo's Board of Directors has decided to apply for delisting from
the First Market at the Belgian stock exchange, Euronext Brussels.

Volvo's International Depositary Receipts have been listed on the First
Market at the Euronext Brussels since 1985. At that time, the listing
was a step in management's efforts to internationalize the ownership in
Volvo. However, as a result of deregulation of the international capital
markets and the increased foreign ownership of shares on the Swedish
stock exchange, Stockholmsbörsen, separate listing on the First Market
at Euronext Brussels has become no longer necessary. AB Volvo's Board of
Directors has therefore decided that Volvo will apply for delisting of
Volvo's International Depositary Receipts from the First Market at
Euronext Brussels.

At the time of the delisting, it is the intention of Bank Brussels
Lambert (BBL) to request for continued unofficial trading of the Volvo
International Depositary Receipts at the Trading Facility Segment at
Euronext Brussels.

February 7, 2003

For further information, contact:
Fredrik Brunell, Vice President Investor Relations, AB Volvo
+46 31 66 11 91 or +46 705 59 10 91

Patrik Stenberg, AB Volvo
+46 31 66 13 36 or +46 705 59 50 36
                                                                                                                                                        

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