Request for conversion of AB Volvo Series A shares

On December 13, 2012, AB Volvo received a request for the conversion of
110,048,945 Series A shares to Series B shares.  Furthermore, AB Volvo’s largest
shareholder, Renault s.a.s., announced that the company has divested all of its
shares in AB Volvo through the sales of 138,604,945 Series A shares on the stock
market.
Following the execution of today’s request and taking other requests for
conversions and executed conversions since December 1, 2012, into account, there
will be 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 will once the conversion is concluded amount to 704,731,960
based on the number of registered shares. Exluding treasury shares owned by AB
Volvo, the number of votes will amount to 676,002,504.

A press release will be issued once the conversion of the 110,048,945 Series A
shares has been completed.

December 13, 2012

Reporters who want more information, please contact Kina Wileke, +46 (0)31-66 12
32 or +46 (0)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, and 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.