Changes in Volvo’s Group Management

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| Source: Volvo, AB
Niklas Gustavsson has been appointed Executive Vice President Public &
Environmental Affairs and member of the Volvo Group Executive Team. He will
assume his duties on April 1, 2013 and will succeed Jan-Eric Sundgren, who was
appointed Senior Expert Adviser to the CEO and senior management.
Niklas Gustavsson, born 1971, has worked within the Volvo Group since 2008 as
Head of Public & Environmental Affairs. He has many years’ experience in the
automotive industry, including responsibility for environmental and social
issues within the Volvo Car Group and heading several environment-related
automotive projects.

Jan-Eric Sundgren will start as Senior Export Adviser on April 1, 2013, and will
thus step down from the Volvo Group Executive Team. He will represent the Volvo
Group in several external workgroups and boards, and will also assist the CEO
and senior management on issues pertaining to the environment, technology,
policies, research and education.

Both Niklas Gustavsson and Jan-Eric Sundgren will report to Volvo’s President
and CEO, Olof Persson.

March 1, 2013

Journalists who would like further information, please contact Kina Wileke +46
(0)31-66 12 32 or +46 (0)739-02 55 44.

For images, visit Volvo’s image
gallery. (http://images.volvogroup.com/ShowRecord.jsp?server=damdbp2&catalogName
= 
AB%20Volvo&recordID=2062&encoding=UTF-8)

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 115,000 people, has production facilities in 19 countries and
sells its products in more than 190 markets. In 2012 the Volvo Group’s sales
amounted to about SEK 304 billion. The Volvo Group is a publicly-held company
headquartered in Göteborg, Sweden. Volvo shares are listed on OMX Nordic
Exchange Stockholm. For more information, please visit www.volvogroup.com or
www.volvogroup.mobi if you are using your mobile phone