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.

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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 14.00 p.m. February 26, 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 Göteborg, Sweden.
Volvo shares are listed on OMX Nordic Exchange Stockholm.