Volvo is applying for delisting from the NASDAQ stock exchange

Volvo is applying for delisting from the NASDAQ stock exchange

The Board of Directors of AB Volvo has decided to apply for delisting of the
Volvo share from the NASDAQ stock exchange in the United States and for
deregistration of the Class B share from the US Securities and Exchange
Commission, SEC.

Volvo's American Depositary Receipts (ADRs), which correspond to Class B shares,
have been listed on NASDAQ since 1985. The listing was part of efforts to
increase international ownership of Volvo. The deregulation of international
capital markets and the increase in international ownership of shares on the
Stockholm Stock Exchange have resulted in trading being concentrated to the
Stockholm Stock Exchange. Recently, trading in ADRs has corresponded to less
than 3 percent of total trading in the Volvo Class B share, which the Board of
Directors does not consider to be proportionate with the costs for maintaining
the listing.

Accordingly, the Board of AB Volvo has decided to apply for delisting of Volvo's
ADRs from NASDAQ and deregistration from the US Securities and Exchange
Commission (SEC). The delisting and deregistering process is expected to be
completed during the latter part of 2007. As a result, Volvo will no longer be
obligated to submit certain reports and forms to SEC, including the 20-F and
6-K. However, Volvo intends to maintain the program for Depositary Receipts
(ADRs).

Following the delisting, all trading in Volvo shares will be concentrated to the
Stockholm Stock Exchange. The Volvo share has previously been delisted from
among others the stock exchanges in Tokyo, London, Paris, Brussels, Oslo and
Helsinki, as well as from the exchanges in Germany and Switzerland.

June 14, 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.