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Volvo AB (VOL)

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Tuesday 14 January, 2003

Volvo AB

Volvo largest truck brand in entire nordic region

volvo LARGEST TRUCK BRAND IN ENTIRE NORDIC REGION

Volvo became the largest player in the heavy trucks market in the Nordic
region in 2002. Volvo sold the most heavy trucks (more than 16 tons) in
Sweden, Denmark, Finland and Norway. Volvo was also the largest Nordic
brand for medium-heavy trucks (10-16 tons).

During the past year, a total of 4,561 Volvo trucks in the heavy-truck
class were registered and market share in the Nordic region increased
from 36.4 to 38 percent, compared with 2001. During 2002, Volvo began to
deliver a new model program, with three new models - the Volvo FH12,
Volvo FM12 and Volvo FM9.

Registrations and market share in the Nordic countries:

Country Number   Share   (2001)   Position  Total market      
Denmark  1,053   30.7 %  (27.4)    1        3,429 (3,874)    
Finland  726     33.8 %  (33.3)    1        2,148 (2,268)     
Norway   873     36.9 %  (36.6)    1        2,369 (2,300)     
Sweden   1,909   47.1 %  (46.1)    1        4,055 (4,261)     
Total    4,561   38.0 %  (36.4)    1        12,001 (12,703)   

In the Nordic region, Volvo was also market leader in the medium-heavy
class, with a market share of 38.3 percent.

January 14, 2003
For further information, please contact Ulf Arensberg +46 31 66 66 50
                                                                                                                                                                                                                                                   

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