New number of votes in AB Volvo

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| Source: Volvo, AB
The number of votes in AB Volvo has changed due to the conversion of a total of
350 Series A shares to a total of 350 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, April 30, the last trading day of the month, there are a total of
2 128 420 220 registered shares in AB Volvo. Of these 514 057 033 are Series A
shares and 1 614 363 187 Series B shares. The number of votes in the company
amounts to 675 493 351,70 based on the number of registered shares.

April 30, 2014

Reporters who want more information, please contact Karin Wik, +46 31 323 72 29.

For more stories from the Volvo Group, please visit
http://www.volvogroup.com/globalnews.

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. April 30, 2014.