Volvo AB -- Invitation to Press Conference


GOTEBORG, Sweden, April 16, 2003 (PRIMEZONE) -- Volvo AB (Nasdaq:VOLVY) (Other OTC:VOLVF) (Other OTC:VOLAFK) 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.


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

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The following files are available for download:

http://www.waymaker.net/bitonline/2003/04/16/20030416BIT00510/wkr0001.doc

http://www.waymaker.net/bitonline/2003/04/16/20030416BIT00510/wkr0002.pdf