New number of votes in AB Volvo

The number of votes in AB Volvo has changed due to the conversion of a total of
111,823,202 Series A shares to a total of 111,823,202 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 28, the last trading day of the month, there are a total of
2,128,420,220 registered shares in AB Volvo. Of these 546,544,375 are Series A
shares and 1,581,875,845 Series B shares. The number of votes in the company
amounts to 704,731,959.50 based on the number of registered shares.

December 28, 2012

Reporters who want more information, please contact Kina Wileke, +46 31 66 12 32
or +46 739 02 55 44.

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 and
construction equipment, drive systems for marine and industrial applications.
The Group also provides complete solutions for financing and service. The Volvo
Group, which employs about 115,000 people, has production facilities in 20
countries and sells its products in more than 190 markets. In 2011, annual sales
of the Volvo Group amounted to about SEK 310 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.

AB Volvo (publ) is 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. December 28, 2012.