AB Volvo Approves Ordinary and Extraordinary Dividend, Payable on April 10, 2019; Elects Members to the Election Committee

The Annual General Meeting of AB Volvo held on April 3, 2019, approved the Board of Directors' motion that an ordinary dividend of SEK 5.00 per share and an extraordinary dividend of SEK 5.00 per share should be paid to the shareholders. The record date for dividend was decided to be April 5, 2019. Disbursement of the dividend by Euroclear Sweden AB is scheduled to occur on April 10, 2019.

Bengt Kjell (AB Industrivärden), Carine Smith Ihenacho (Norges Bank Investment Management), Pär Boman (Svenska Handelsbanken, SHB Pension Fund, SHB Employee Fund, SHB Pensionskassa and Oktogonen), Ramsay Brufer (Alecta) and Carl-Henric Svanberg, chairman of the board were elected members of the Election Committee.