Volvo Group (VOLV) AGM 2019 summary

Financial performance review

• FY2018 income statement and balance sheet, plus consolidated income statement and balance sheet, adopted.

Board and executive committee updates

• Matti Alahuhta, Eckhard Cordes, Eric Elzvik, James W. Griffith, Martin Lundstedt, Kathryn V. Marinello, Martina Merz, Hanne de Mora, Helena Stjernholm and Carl-Henric Svanberg reelected to the Board; Svanberg reelected Chair.

• Board fees adopted: SEK 3.6m for the Chair and SEK 1.06m for each other member; the President receives no director fee.

• Committee fees adopted: Audit Chair SEK 380,000 and members SEK 175,000 each; Remuneration Chair SEK 160,000 and members SEK 115,000 each; Technology and Business Transformation Chair SEK 190,000 and members SEK 160,000 each.

Dividend announcements

• Ordinary dividend of SEK 5.00/share and extraordinary dividend of SEK 5.00/share approved; record date Apr 5, 2019, with payment scheduled for Apr 10, 2019.