Volvo Treasury AB (Publ)
PROSPECTUS Volvo Treasury AB (publ) (Incorporated with limited liability under the laws of Sweden) under the guarantee of AB Volvo (publ) (Incorporated with limited liability under the laws of Sweden) U.S.$15,000,000,000 Euro Medium Term Note Programme On 29th November, 1994 Volvo Treasury AB (publ) (the “Issuer”) and Volvo Group Finance Europe B.V. (“Volvo Europe”) entered into a U.S.$500,000,000 Euro Medium Term Note Programme (the “Programme”). The Programme was subsequently increased on 17th October, 1996, 18th March, 1999, 24th March, 2000, 28th October, 2004, 9th November, 2006 and 16th November, 2007, in each case in accordance with its terms. On 7th August, 1997 Volvo Group Treasury Asia Ltd. (“Volvo Asia”) and Volvo Treasury US LLC (“Volvo US”) were added as issuers under the Programme. On 2nd October, 1998 the Issuer was substituted in accordance with Condition 18 as an issuer in respect of notes issued prior to 2nd October, 1998 by Volvo Europe. As from 24th November, 1998 Volvo Europe and Volvo Asia have ceased to be issuers under the Programme in respect of issues made after such date. Volvo Asia has no outstanding Notes under the Programme. As from 6th November, 2002, Volvo US has ceased to be an issuer under the Programme in respect of issues made after such date. Volvo US has no outstanding Notes under the Programme. This Prospectus, which is valid for a period of 12 months from the date of publication of this Prospectus, supersedes all previous prospectuses, offering circulars and supplements thereto. Any Notes (as defined below) issued under the Programme after the date hereof are issued subject to the provisions set out herein.
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