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 8.50 per share and an extraordinary dividend of SEK 4.50 per share should be paid to the shareholders. April 10, 2026 was decided as the record date for the right to receive dividends.

The Board members, the deputy Board members and the President and CEO were discharged from liability for their administration during the 2025 fiscal year.

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 Board and Committee members, 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 4,430,000 and each of the other members SEK 1,330,000. Further, the Chairman of the Audit Committee was awarded SEK 700,000, the other members of the Audit Committee SEK 370,000 each and the Chairman of the Remuneration Committee was awarded SEK 190,000 and the other members of the Remuneration Committee SEK 140,000 each. In addition, the Chairman of the Transformation Committee was awarded SEK 360,000 and the other members of the Transformation Committee SEK 230,000 each.

The auditing firm Deloitte AB was re-elected as auditor for the period until the close of the Annual General Meeting 2027, in accordance with the Election Committee's proposal and the Board's and the Audit Committee's recommendation.

Fredrik Persson (AB Industrivärden), Dick Bergqvist (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 Kapitalforeningen MP Invest's proposal.

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

April 8, 2026

Journalists wanting further information, please contact:
Claes Eliasson, Head of Media Relations
+46 76 553 7229
press@volvo.com

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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 almost 100,000 people and serves customers in almost 180 markets. In 2025, net sales amounted to SEK 479 billion (EUR 43 billion). Volvo shares are listed on Nasdaq Stockholm.