New number of votes in AB Volvo

  New number of votes in AB Volvo

Business Wire

GÖTEBORG, Sweden -- October 31, 2012

Regulatory News:

The number of votes in AB Volvo (STO:VOLVA)(STO:VOLVB) has changed due to the
conversion of a total of 215 Series A shares to a total of 215 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, October 31, the last trading day of the month, there are a total of
2,128,420,220 registered shares in AB Volvo. Of these 659,916,248 are Series A
shares and 1,468,503,972 Series B shares. The number of votes in the company
amounts to 806,766,645.20 based on the number of registered shares.

October 31, 2012

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, drive systems for marine and industrial
applications and aerospace components. 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.

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.
October 31, 2012.

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Contact:

Kina Wileke, +46 31 66 12 32 or +46739 02 55 44.