WARNING: This page is about a different car, the 2002 Volvo C70, 2001 Volvo C70, 2000 Volvo C70, 1999 Volvo C70, and 1998 Volvo C70. However, it is still accessible from the selected car via links, so may be relevant.
Fig 1: Checking The Chain Housing
Courtesy of VOLVO CARS OF NORTH AMERICA.
Check that the sealing rings and mating surfaces are not damaged. Check for leakage. Replace the chain housing in the event of leakage.