New number of votes in AB Volvo

The number of votes in AB Volvo has changed due to the conversion of a total of
900 000 Series A shares to a total of 900 000 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, July 29, the last trading day of the month, there are a total of
2.128.420.220 registered shares in AB Volvo. Of these 504.581.960 are Series A
shares and 1.623.838.260 Series B shares. The number of votes in the company
amounts to 666.965.786 based on the number of registered shares.

July 29, 2016

Journalists who would like further information, please contact Kina Wileke,
tel +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 100,000 people, has production facilities in 18 countries and
sells its products in more than 190 markets. In 2015 the Volvo Group’s sales
amounted to about SEK 313 billion (EUR 33,4 billion). The Volvo Group is a
publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed
on Nasdaq Stockholm. For more information, please visit www.volvogroup.com or
www.volvogroup.mobi if you are using your mobile phone.

This information is information that AB Volvo (publ) is obliged to make public
pursuant to the Financial Instruments Trading Act. The information was submitted
for publication at 7:30 a.m. CEST on July 29, 2016.