Malin Persson appointed new President of Volvo Technology

Malin Persson appointed new President of Volvo Technology

Malin Persson has been appointed new President of Volvo Technology, a business
unit within the Volvo Group. She will assume her new position on September 1
this year, succeeding Lars-Göran Rosengren, who will then take up his new
position in the Public Affairs Department at the Group's Head Office.

Malin Persson is currently in charge of the Volvo Group's Strategy Department,
where she has worked since 2000. She has been employed by the Group for many
years in a variety of positions, including responsibility for Environmental
Affairs and heading the Volvo Group's Business & Logistics Development. She is
also a member of a number of boards, such as at Volvo Trucks, Volvo Technology
Transfer AB and GreenCargo AB.

Malin Persson will report to Lars-Göran Moberg, who is a member of Volvo's Group
Management.

Volvo Technology is a Volvo Group business unit that develops new technology and
new concepts for products and processes involving the transport and automotive
industries. Its main customers are the various Volvo Group companies and
Ford-owned Volvo Cars.

June 29, 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.