WARNING: This page is about a different car, the 2004 Volvo S40, 2003 Volvo S40, 2002 Volvo S40, 2001 Volvo S40, and 2000 Volvo S40. However, it is still accessible from the selected car via links, so may be relevant.
Fig 1: Shock Absorber Disassembled
Courtesy of VOLVO CARS OF NORTH AMERICA.
Remove the shock absorber nut.
Remove the ring, the upper spring cover, the rubber and the spring.