Conversion of AB Volvo Series A shares completed

On December 13, 2012, AB Volvo received a request for the conversion of
110,048,945 Series A shares to Series B shares.  The conversion is now
completed.
December 14, 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.