Reminder about press conference

Volvo would like to remind you about the press conference in conjunction
with the release of the Volvo Group's third-quarter interim report at
10:00 a.m., on Thursday, October 23, 2003, at Volvo's head office in
Goteborg. The press conference will be held in English on this occasion
and will be broadcast live on the Internet.

Volvo will be represented at the press conference by CEO Leif Johansson,
among other Volvo executives. The press conference will be webcast live
via volvo.com and it will also be possible to participate and ask
questions via telephone. Those who wish to participate in the press
conference by telephone must be registered in advance with Investor
Relations or Media Relations. However, no registration is required to
view the press conference on the Internet. Clear instructions will be
provided on the Volvo website regarding how to participate in the press
conference.

Volvo's interim report is scheduled to be released at about 7:30 a.m. on
October 23. Since the press conference is being broadcast on the
Internet, it will be held on this occasion in English. However, it is
naturally acceptable to ask questions in Swedish - these will then be
translated before being answered in English. Volvo's CEO and the other
members of Volvo Group management will be available as usual for
individual interviews after the press conference.

The separate teleconference for analysts that starts at 3:30 p.m. will
also be webcast via volvo.com.

Welcome!

October 21, 2003

For further information and to register, contact:
Media Relations: Marten Wikforss, +46 31 66 11 27, +46 705 59 11 49
Investor Relations: Fredrik Brunell, +46 31 66 11 91, +46 705 59 10 91