INVITATION TO PRESS CONFERENCE

AB Volvo hereby invites the mass media to a press conference on Monday,
April 28 in conjunction with the release of the Volvo Group's report on
the first quarter 2003.

Time:        10.00 hrs

Place:   The Royal Swedish Academy of Engineering Sciences, IVA
Wallenbergsalen
Grev Turegatan 16
102 42 Stockholm

Tel +46 8 791 30 00
Fax +46 8 791 30 59

At the press conference, Volvo will be represented by Volvo's CEO, Leif
Johansson, among others. Volvo's report on the first quarter is
scheduled to be released at about 08:00 hrs on April 28 and the
telephone conference at 15.00 is webcasted via volvo.com.

Welcome!

AB VOLVO
Media Relations

April 16, 2003

For further information, contact Par Aronsson, +46 31 66 13 73,
+46 706 65 13 73