Issue of bond loan

Volvo Treasury AB (publ) has decided to issue a EUR 120 million bond loan under its EMTN (Euro Medium Term Note) programme. The bond loan will be issued on February 26th, 2008 with a maturity in May, 2009. The bond loan has a floating interest rate.

This information and a link to full details of the issue, including the reasons of the issue, is found on the Volvo Group web site.

According to the Swedish Securities Market Act (SFS 2007:528) Volvo Treasury AB (publ) has an obligation to make public the above information. The information was published on February 26, 2008 at 14.00 CET.

February 26, 2008

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