New number of votes in AB Volvo

The number of votes in AB Volvo has changed due to the conversion of a total of
215 Series A shares to a total of 215 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 659,916,248 are Series A
shares and 1,468,503,972 Series B shares. The number of votes in the company
amounts to 806,766,645.20 based on the number of registered shares.

October 31, 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 and
aerospace components. 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. October 31, 2012.