Volvo postpones redemption procedure

Volvo postpones redemption procedure

For administrative reasons, Volvo will not be able to request redemption of the
remaining shares outstanding in Nissan Diesel at the company's Annual General
Meeting in June. Instead, this will be done at an Extraordinary General Meeting
in Nissan Diesel that will be held at the end of August, at the earliest.

Volvo plans that the redemption procedure will be completed during 2007.
However, as previously announced, Nissan Diesel will be delisted from the Tokyo
Stock exchange during July this year. On May 16, Volvo also received the final
approval from the anti-trust authorities in South Africa, which means that the
transaction is now fully implemented.

May 30, 2007

For further information, please contact Mårten Wikforss, +46 31 66 11 27 or +46
705 59 11 49



The Volvo Group is one of the world's leading manufacturers of trucks, buses and
construction equipment, drive systems for marine and industrial applications,
aerospace components and services. The Group also provides complete solutions
for financing and service. The Volvo Group, which employs about 93,000 people,
has production facilities in 18 countries and sells their products in more than
180 markets. Annual sales of the Volvo Group amount to about 27 billion euro.
The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden.
Volvo shares are listed on the Stockholm stock exchange and on NASDAQ in the US.