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Issue of bond loan

Volvo Treasury AB (publ) has decided to issue a SEK 1,000 million bond loan under its EMTN (Euro Medium Term Note) programme. The bond loan will be issued on January 28th, 2008 with a maturity on July 28th, 2010. The bond loan has a fixed 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://admin.volvo.com/group/global/en-gb/investors/investing_in_the_volvo_group/bondholders/

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 January 24, 2008 at 10.00 CET.

January 24, 2008

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