Volvo to Launch National `Pirates of the Caribbean 2' Radio Campaign and Promotion

LOS ANGELES--July 13, 2006--Clear Channel Communications Inc. :

-- Pirate Treasure Chest Theme Drives Traffic to Dealers via On-Air and On-Line Sweepstakes

Volvo Cars of North America teamed with Clear Channel Katz Advantage (CCKA) to launch the radio campaign in support of the Volvo global sponsorship of the summer film release, Disney's "Pirates of the Caribbean: Dead Man's Chest." The national radio campaign will air beginning on July 17th in 32 top markets on 168 Clear Channel and Katz Radio Group stations handled by Clear Channel Katz Advantage.

The campaign and promotional theme reflects the blockbuster's Pirate Treasure Theme in which a treasure chest full of "Pirate Booty" is placed in each Volvo dealership in the U.S.

According to Linda Gangeri, Manager, National Advertising Volvo of North America, "Our goal is to drive traffic to our dealer locations during the summer months in a family-friendly, fun way. The association with the Pirates title has generated tremendous awareness for our brand. We are extremely pleased with the concepts provided to us by CCKA. They took the pirate theme and created a radio promotion for us that will drive consumer traffic during our summer selldown period."

According to Bonnie Press, President of CCKA, "This program is a great example of an advertiser using all assets of radio. Not only will consumers hear about the sweepstakes on the air, they'll also be able to engage with familiar on-air personalities at the dealerships and participate online."

The centerpiece of the campaign is the Volvo Pirates Treasure Sweepstakes in which visitors to Volvo dealer locations may select a treasure coin to be entered into the sweepstakes at www.volvocarstreasure.com. Over 30,000 prizes will be awarded including a Grand Prize trip for four on a secret tropical treasure hunt; home entertainment systems; Zizzle's "Pirates of the Caribbean: Dead Man's Chest" prize package; Kodak digital cameras; download codes for legally "Pirated Music."

About Volvo Cars of North America

Volvo has been building cars with Safety in mind for over 75 years. The current 2006 model line-up of Volvo Cars includes: the award-winning new S40 and its wagon counterpart, the all-new V50; the award-winning XC90; the sporty S60 sedan -- including the award-winning performance sedan -- S60 R, and the performance wagon version -- V70 R; the S80 luxury sedan; the versatile V70 wagon and rugged XC70 (Cross Country); and the soon-to-be released new Volvo C70, the convertible with the innovative retractable hardtop.

About Clear Channel Katz Advantage

Clear Channel Katz Advantage (CCKA) is the strategic sales solutions and marketing company of the Katz Media Group. The sales arm of CCKA services is comprised of unwired, sports, direct response and Ag business; the marketing arms consists of agency, advertiser and multicultural dedicated divisions. Additional information about the company can be obtained at www.katz-media.com.