Volvo: Issue of Bond Loan

Regulatory News:

Volvo Treasury AB (publ) (Pink Sheets:VOLVY) (STO:VOLVA) (STO:VOLVB) has decided to issue a SEK 500 million bond loan under its EMTN (Euro Medium Term Note) programme. The bond loan will be issued on March 14th, 2008 with a maturity on September 14th, 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 http://www.volvo.com/group/global/en-gb/investors/investing _in_the_volvo_group/bondholders/debt_programmes/issues_emtn.htm

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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 March 17, 2008 at 09.00.

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

Visit http://www.thenewsmarket.com/volvogroup to access broadcast-standard video from Volvo Group. You can preview and request video, and choose to receive as a MPEG2 file or by Beta SP tape. Registration and video is free to the media.

AB Volvo (publ) may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at 09.00 a.m. March 17, 2008.

The Volvo Group is one of the world's leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 100,000 people, has production facilities in 19 countries and sells their products in more than 180 markets. Annual sales of the Volvo Group amount to about SEK 285 billion. The Volvo Group is a publicly-held company headquartered in Goteborg, Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm.

This information was brought to you by Cision http://newsroom.cision.com

Contacts:

Volvo
Christer Johansson, +46 31 66 13 34

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