New number of votes in AB Volvo

The number of votes in AB Volvo has changed due to the conversion of a total of
3,000,000 Series A shares to a total of 3,000,000 Series B shares. The
conversions were implemented with the support of the opportunity for Series A
shareholders to request conversion of Series A shares to Series B shares, which
was entered in the Articles of Association at the 2011 Annual General Meeting.
Today, March 31, the last trading day of the month, there are a total of
2,128,420,220 registered shares in AB Volvo. Of these 510,114,267 are Series A
shares and 1,618,305,953 Series B shares. The number of votes in the company
amounts to 671,944,862,30 based on the number of registered shares.

March 31, 2015

Reporters who want more information, please contact Kina Wileke, +46 31 323 72
29.

For more stories from the Volvo Group, please visit
http://www.volvogroup.com/globalnews.

The Volvo Group is one of the world’s leading manufacturers of trucks, buses,
construction equipment and marine and industrial engines. The Group also
provides complete solutions for financing and service. Volvo, which employs
about 100,000 people, has production facilities in 19 countries and sells its
products in more than 190 markets. The Volvo Group’s sales amounted to about SEK
283 billion in 2014, and its shares are listed on the Nasdaq Stockholm. For more
information, visit www.volvokoncernen.se or www.volvogroup.mobi for those using
a mobile phone.

AB Volvo (publ) may be required to disclose the information provided herein
pursuant to the Securities Markets Act and/or the Financial Instruments Trading
Act. The information was submitted for publication at 07:30 a.m March 31, 2015.