Debt Programmes

Volvo Group's main funding sources on the capital market are under the Medium Term Note Programmes and the CP Programmes listed below.

Programme:
Euro Medium Term Note (EMTN)

Issuer: Volvo Treasury AB (publ)
Guarantor: AB Volvo (publ)
Amount: USD 15 billion
Arranger: BofA Merrill Lynch

Dealers:

• BNP Paribas 
• BofA Merrill Lynch
• Citigroup
• Danske Bank
• Deutsche Bank
• Handelsbanken
• HSBC
• JPMorgan
• Nordea
• RBS
• SEB
• Swedbank

Issuing and Paying Agent: Citibank

Prospectus
Issues under the programme

.............................................................................

Programme:
SEK Medium Term Note

Issuer: Volvo Treasury AB (publ)
Guarantor: AB Volvo (publ)
Amount: SEK 10 billion
Arranger: SEB Merchant Banking

Dealers:

• Danske Bank
• Handelsbanken Capital Markets
• Nordea
• SEB Merchant Banking
• Swedbank Markets

The Programme has not been updated
since 4 May 2005 thus the Programme
is not used for new funding.

............................................................................

Programme:
Euro Commercial Paper (ECP)

Issuer: Volvo Treasury AB (publ)
Guarantor: AB Volvo (publ)
Amount: Euro 1,300 million
Arranger: SEB

Dealers:

• Citigroup
• ING Commercial Banking
• SEB
• UBS Investment Bank 

Issuing and Paying Agent: Citibank NA

Programme:
Swedish Commercial Paper (SEK CP)

Issuer: Volvo Treasury AB (publ)
Guarantor: AB Volvo (publ)
Amount: SEK 20 billion
Arranger: Handelsbanken Capital Markets

Dealers:

• Danske Bank
• Handelsbanken Capital Markets
• Nordea
• SEB
• Swedbank

Issuing and Paying Agent: Svenska Handelsbanken AB

............................................................................

Programme:
US Commercial Paper (US CP)

Issuer: Volvo Treasury North America LP
Guarantor: AB Volvo (publ)
Amount: USD 1,350 million

Dealers:

• BofA Merrill Lynch 
• Citi 
• JP Morgan

Issuing and Paying Agent: Citibank NA

............................................................................

Programme:
Canadian Commercial Paper (CAD CP)

Issuer: Volvo Treasury Canada Inc.
Guarantor: AB Volvo (publ)
Amount: CAD 750 million

Dealers:

• BNP Paribas (Canada)
• RBC Dominion Securities
• the Toronto-Dominion Bank

Programme:
Australian Commercial Paper/Medium Term Note (AUDCP/MTN)

Issuer: Volvo Treasury Australia Pty Ltd
Guarantor: AB Volvo (publ)
Amount: AUD 350 million
Arranger: ANZ

Dealers: 

• CBA
• ANZ
• Citigroup

Issuing and Paying Agent: ANZ