The Annual General Meeting adopted the income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet. In accordance with the Board's proposal, the Meeting resolved that an ordinary dividend of SEK 8.00 per share and an extraordinary dividend of SEK 10.50 per share should be paid to the shareholders. April 4, 2025 was decided as the record date for the right to receive dividends.

The Board Members, Board Deputies and the President and CEO were discharged from liability for their administration during the 2024 fiscal year.

Matti Alahuhta, Bo Annvik, Pär Boman, Jan Carlson, Eric Elzvik, Martha Finn Brooks, Kurt Jofs, Martin Lundstedt, Kathryn V. Marinello, Martina Merz and Helena Stjernholm were re-elected as members of the Board. Pär Boman was re-elected as Chairman of the Board.

Individual fees payable to the members of the Board, with the exception of the President and CEO as well as possible employee representatives, were adopted as follows. The Chairman of the Board was awarded SEK 4,265,000 and each of the other members SEK 1,280,000. Further, the Chairman of the Audit Committee was awarded SEK 648,000, the other members of the Audit Committee SEK 351,000 each and the Chairman of the Remuneration Committee was awarded SEK 182,000 and the other members of the Remuneration Committee SEK 135,000 each. In addition, the Chairman of the Transformation Committee was awarded SEK 334,000 and the other members of the Transformation Committee SEK 219,000 each.

The auditing firm Deloitte AB was re-elected as auditor for the period until the close of the Annual General Meeting 2026, in accordance with the Election Committee's proposal and the Board's and the Audit Committee's recommendation.

Fredrik Persson (AB Industrivärden), Anders Oscarsson (AMF and AMF Funds), Carina Silberg (Alecta), Anders Algotsson (AFA Insurance) and the Chairman of the Board were elected members of the Election Committee. The Meeting resolved that no fees shall be paid to the members of the Election Committee.

The Annual General Meeting approved the Board's remuneration report.

The Annual General Meeting resolved to not approve shareholder Carl Axel Bruno's proposal.

Minutes from the Meeting including complete resolutions will be available on AB Volvo's website www.volvogroup.com.

April 2, 2025

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The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers' uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 190 markets. In 2024, net sales amounted to SEK 527 billion (EUR 46 billion). Volvo shares are listed on Nasdaq Stockholm.