New number of votes in AB Volvo

The number of votes in AB Volvo has changed due to the conversion of a total of
325 Series A shares to a total of 325 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, December 30, the last trading day of the month, there are a total of
2.128.420.220 registered shares in AB Volvo. Of these 505.481.960 are Series A
shares and 1.622.938.260 Series B shares. The number of votes in the company
amounts to 667.775.786 based on the number of registered shares.

December 30, 2015

Journalists who would like further information, please contact Kina Wileke, tel
+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. The Volvo Group, which
employs about 100,000 people, has production facilities in 19 countries and
sells its products in more than 190 markets. In 2014 the Volvo Group’s sale
amounted to about SEK 283 billion (EUR 31 billion). The Volvo Group is a
publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed
on Nasdaq Stockholm. For more information, please visit www.volvogroup.com or
www.volvogroup.mobi if you are using your 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 9.30 a.m December 30,
2015.