Volvo Group (VOLV) AGM 2017 summary

Financial performance review

• Annual and consolidated income statements and balance sheets adopted.

Board and executive committee updates

• Matti Alahuhta, Eckhard Cordes, James W. Griffith, Martin Lundstedt, Kathryn V. Marinello, Martina Merz, Hanne de Mora, Håkan Samuelsson, Helena Stjernholm, Carl-Henric Svanberg and Lars Westerberg reelected as directors; Svanberg reelected Chairman.

• Board fees set at SEK 3,400,000 for the Chairman and SEK 1,000,000 for each other member; committee fees also approved, with no director fee for the President.

• Board members, deputies and the President discharged from liability for their administration during FY2016.

Dividend announcements

• Dividend of SEK 3.25 per share approved; April 6, 2017 set as the record date, with payment scheduled for April 11, 2017 through Euroclear Sweden AB.