New number of votes in AB Volvo

The number of votes in AB Volvo has changed due to the conversion of a total of
2 805 177 Series A shares to a total of 2 805 177 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, October 31, the last trading day of the month, there are a total of
2.128.420.220 registered shares in AB Volvo. Of these 499.409.493 are Series A
shares and 1.629.010.727 Series B shares. The number of votes in the company
amounts to 662.310.565,70 based on the number of registered shares.

October 31, 2016

Journalists who would like further information, please contact Joakim Kenndal,
tel +46 31 323 72 29.

For more stories from the Volvo Group, please visit www.volvogroup.com/press

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 2015 the Volvo Group’s sales
amounted to about SEK 313 billion (EUR 33,4 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.

This information is information that AB Volvo (publ) is obliged to make public
pursuant to the Financial Instruments Trading Act. The information was submitted
for publication at 7:30 a.m. CET on October 31, 2016.