Volvo IT Begins Partnership With IBS

Regulatory News:

   Volvo IT and business system supplier IBS have signed an agreement
making it possible for IBS' customers to allow Volvo IT responsibility
for operating their business systems.

   The partnership means that operational services from Volvo IT
(NASDAQ:VOLV) (STO:VOLVA) (STO:VOLVB) are included in IBS' complete
solution including software, consultancy services, infrastructure,
operation, maintenance and financing.

   "This benefits all parties. IBS can provide a complete solution to
its customers, while we increase volumes at our computer centre,
making IT operations more cost-effective for all our customers," says
Olle Hogblom, Vice President Global Marketing and Sales at Volvo IT.

   "With Volvo IT as a partner, IBS can offer the market a unique
solution - global as well as local - that delivers operations
management and flexible capacity services," says P-A Freiholtz, Vice
President IBS Nordics.

   Volvo IT has one of the Nordic region's largest IT operations,
located in Goteborg and manned around the clock, throughout the year.
The operational organisation is global with customers around the
world. September 3, 2008

   This information was brought to you by Cision
http://newsroom.cision.com

   Volvo Information Technology AB is part of the Volvo Group and is
a wholly owned subsidiary of AB Volvo. Volvo IT supplies industrial IT
solutions, telematics services and consulting services. Its customers
include the Volvo Group, Ford-owned Volvo Car Corporation and
companies in other industrial sectors. In 2007, Volvo IT's global
operations generated a turnover of SEK 7.5 billion and the company had
around 5,000 employees and 1,900 contracted consultants in Europe,
North America, South America, Australia, Africa and Asia.
  
    
  
  
    
      Regulatory News:
    
    
      Volvo IT and business system supplier IBS have signed an agreement 
      making it possible for IBS’ customers to allow 
      Volvo IT responsibility for operating their business systems.
    
    
      The partnership means that operational services from Volvo IT 
      (NASDAQ:VOLV) (STO:VOLVA) (STO:VOLVB) are included in IBS’ 
      complete solution including software, consultancy services, 
      infrastructure, operation, maintenance and financing.
    
    
      “This benefits all parties. IBS can provide a 
      complete solution to its customers, while we increase volumes at our 
      computer centre, making IT operations more cost-effective for all our 
      customers,” says Olle Högblom, 
      Vice President Global Marketing and Sales at Volvo IT.
    
    
      “With Volvo IT as a partner, IBS can offer the 
      market a unique solution - global as well as local - that delivers 
      operations management and flexible capacity services,” 
      says P-A Freiholtz, Vice President IBS Nordics.
    
    
      Volvo IT has one of the Nordic region’s 
      largest IT operations, located in Göteborg and 
      manned around the clock, throughout the year. The operational 
      organisation is global with customers around the world. September 3, 2008
    
    
      This information was brought to you by Cision http://newsroom.cision.com
    
    
      Volvo Information Technology AB is part of the Volvo Group and is a 
      wholly owned subsidiary of AB Volvo. Volvo IT supplies industrial IT 
      solutions, telematics services and consulting services. Its customers 
      include the Volvo Group, Ford-owned Volvo Car Corporation and companies 
      in other industrial sectors. In 2007, Volvo IT's global operations 
      generated a turnover of SEK 7.5 billion and the company had around 5,000 
      employees and 1,900 contracted consultants in Europe, North America, 
      South America, Australia, Africa and Asia.