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
448 Series A shares to a total of 448 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, August 29, the last trading day of the month, there are a total of
2,128,420,220 registered shares in AB Volvo. Of these 513,115,100 are Series A
shares and 1,615,305,120 Series B shares. The number of votes in the company
amounts to 674,645,612.00 based on the number of registered shares.

August 29, 2014

Reporters who want more information, please contact Kina Wileke, +46 31 323 72
29.

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,
construction equipment and marine and industrial engines. The Group also
provides complete solutions for financing and service. The Volvo Group, which
employs about 110,000 people, has production facilities in 18 countries and
sells its products in more than 190 markets. In 2013 the Volvo Group’s sales
amounted to about SEK 270 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) may be 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 August 29, 2014.