Volvo Treasury AB signs EUR 1.2bn Multi-Currency Revolving Credit Facility

Volvo Treasury AB announces that it has signed a EUR 1.2bn multi-currency
revolving credit facility.
The facility replaces the company’s existing USD 1,400m revolving credit
facility signed in May 2006. The new facility has a tenor of five years and
serves for general corporate purposes.

Citi, DNB Market, Handelsbanken
Capital Markets and HSBC Bank PLC, acted as co-ordinators for the arrangement
and syndication of the facility.

The credit facility was well received in the
market and closed significantly oversubscribed. With 21 participating banks,
both existing as well as new relationship banks, the credit facility is well
diversified.

April 3, 2012

Reporters who want more information, please
contact Christer Johansson, phone +46 31 661334,
christer.johansson@volvo.com

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The Volvo Group is one of the world’s leading
manufacturers of trucks, buses and construction equipment, drive systems for
marine and industrial applications and aerospace components. The Group also
provides complete solutions for financing and service. The Volvo Group, which
employs about 115,000 people, has production facilities in 20 countries and
sells their products in more than 190 markets. In 2011 annual sales of the Volvo
Group amounted to about SEK 310 billion. The Volvo Group is a publicly-held
company headquartered in Göteborg, Sweden. Volvo shares are listed on OMX Nordic
Exchange Stockholm. For more information, please visit www.volvogroup.com or
www.volvogroup.mobi if you are using your mobile phone