Volvo Group's main funding sources on the capital market are under the Medium Term Note Programmes and the CP Programmes listed below.

Programme:
Euro Medium Term Note (EMTN)

Issuer: Volvo Treasury AB (publ)
Guarantor: AB Volvo (publ)
Amount: USD 15 billion
Arranger: Merrill Lynch International

Dealers:

• BBVA
• BNP Paribas
• Citigroup
• Dresdner Kleinwort
• Handelsbanken
• JPMorgan
• Merrill Lynch International
• Nordea
• RBS
• SEB
• Swedbank

Issuing and Paying Agent: Citibank

Prospectus
Issues under the programme

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Programme:
SEK Medium Term Note

Issuer: Volvo Treasury AB (publ)
Guarantor: AB Volvo (publ)
Amount: SEK 10 billion
Arranger: SEB Merchant Banking

Dealers:

• Danske Bank
• Handelsbanken Capital Markets
• Nordea
• SEB Merchant Banking
• Swedbank Markets  

The Programme has not been updated
since 4 May 2005 thus the Programme
is not used for new funding.

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Programme:
Euro Commercial Paper (ECP)

Issuer: Volvo Treasury AB (publ)
Guarantor: AB Volvo (publ)
Amount: USD 1 billion
Arranger: SEB Merchant Banking

Dealers:

• Citibank International plc
• Lehman Brothers
• SEB Merchant Banking
• UBS Warburg

Issuing and Paying Agent: Citibank NA