New number of votes in AB Volvo

The number of votes in AB Volvo has changed due to the conversion of a total of
833 Series A shares to a total of 833 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, January 30, the last trading day of the month, there are a total of
2,128,420,220 registered shares in AB Volvo. Of these 513,114,267 are Series A
shares and 1,615,305,953 Series B shares. The number of votes in the company
amounts to 674,644,862,30 based on the number of registered shares.

January 30, 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. The Volvo Group, which
employs about 100,000 people, has production facilities in 18 countries and
sells its products in more than 190 markets. In 2013 the Volvo Group’s sales
amounted to about SEK 270 billion and is 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 07:30 a.m January 30,
2015.