Volvo Invitation to Press Conference


GOTEBORG, Sweden, March 13, 2003 (PRIMEZONE) -- Volvo AB (Nasdaq:VOLVY) (Other OTC:VOLVF) (Other OTC:VOLAF) hereby invites the media to attend a press conference to announce Volvo's intention to make a public offer for Bilia's truck and construction equipment operations.


 Time:        12 p.m.
 Place:       Bilia Head Office, Norra Langebergsg.
              3 (Sisjon), Gothenburg

              Tel No: +46-31-709 55 00

During the press conference, Volvo will be represented by Chief Executive Officer Leif Johansson and by the President of Volvo Trucks, Jorma Halonen. Bilia will be represented during the conference by the Chairman of the Board, Jacob Palmstierna, and the company's Chief Executive Officer, Heinrich Blauert.

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The following files are available for download:

http://www.waymaker.net/bitonline/2003/03/13/20030313BIT00080/wkr0001.doc

http://www.waymaker.net/bitonline/2003/03/13/20030313BIT00080/wkr0002.pdf