Acquisition of Volvo shares at average SEK 63 per share

On 5 May 2010, Industrivärden redeemed an equity swap in Volvo based on
12,500,000 A shares corresponding to 1.52% of the voting rights and 0.59 % of
the share capital.

The equity swap has been built up continuously since autumn 2009. The average
acquisition price for the shares now acquired amounts to SEK 63 per share. The
current market price for Volvo A shares is SEK 84 per share.

After the acquisition, Industrivärden's total holding in Volvo amounts to
82,718,284 A shares, which corresponds to 10.06% of the voting rights and 3.91%
of the capital. The average acquisition price for the entire holding in Volvo
amounts to SEK 88 per share.

“It is gratifying that we have been able to exploit good market opportunities
during the last year to strengthen our holding in Volvo at prices that are
attractive in the long term. Significant ownership positions can only be built
up over time. Good acquisition prices in a world-leading company with major
future potential represents a good long-term deal for Industrivärden's
shareholders,” comments CEO Anders Nyrén.

A disclosure has also been published in accordance with current rules via the
Swedish Financial Supervisory Authority.


Stockholm, 5 May 2010

AB INDUSTRIVÄRDEN (publ)



For further information, please contact:
Anders Nyrén, President and CEO, tel. +46 8 666 64 00