Press release

Issue of bond loan

2007-10-18

AB Volvo

Volvo Treasury AB (publ) has decided to issue a SEK 600 million bond loan under its EMTN (Euro Medium Term Note) programme. The bond loan is issued on October 19th, 2007 with a maturity on April 19th, 2010 and has a floating three month interest rate.

This information and a link to full details of the issue, including the reasons of the issue, is found on Volvo's web site http://www.volvo.com/group/global/en-gb/investors/bondholder_info/

According to the Swedish Securities Exchange and Clearing Operation Act (SFS 1992:543) Volvo Treasury AB (publ) has an obligation to make public the above information. The information was published on 18th October, 2007 at 09.15 a.m.

October 18, 2007

For reporters who want more information, please contact Christer Johansson, +46 31 66 13 34.

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