AB VOLVO TO BE DELISTED FROM BRUSSELS STOCK EXCHANGE

As announced earlier, AB Volvo has applied to be delisted from the First
Market of the Euronext Brussels stock exchange. This application has now
been approved and the Volvo share will be delisted from the official
list as of June 16, 2003.

In January, Volvo announced that the Company's Board had decided to
apply to be delisted from the First Market on Euronext Brussels. Volvo's
international depositary receipt has been listed on First Market
Brussels since 1985. This listing was a feature of the then Board's
efforts to increase international ownership in Volvo. However, the
deregulation of the international capital markets and the increased
foreign ownership of shares on Stockholmsborsen have meant that this
special listing has outlived its usefulness.

Bank Brussels Lambert (BBL) will, however, provide for the listing of
Volvo's international depositary receipt on the Trading Facility Market
of Euronext Brussels as of June 17, 2003.

June 16, 2003

For further information, please contact Fredrik Brunell, 
Tel: +46 (0)31-66 11 91, or Patrik Stenberg, Tel: +46 (0)31-66 13 36.