Upcoming changes to Volvo Group’s management

Mikael Bratt, member of the Volvo Group’s Executive Team, has announced that he
intends to leave his position as Executive Vice President Group Trucks
Operations. He has been recruited as business area president with the automotive
safety company, Autoliv.
A global recruitment process will commence at the beginning of next year. Mikael
Bratt will remain in his current position for up to six months until a new head
of the Volvo Group’s global production organization is appointed.

“It is with mixed feelings that I leave the Volvo Group after 27 fantastic
years”, says Mikael Bratt, Executive Vice President Group Trucks Operations.
“The Group has entered a new exciting phase, at the same time my new job as head
of a complete business area offers a challenge that I cannot resist.”

December 18, 2015

Journalists who require further information, please contact Kina Wileke +46
(0)31-323 7229 or +46 (0)765-537229.

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 sales
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 8.30 a.m. December 18,
2015.