|The following persons are members of Volvo’s Election Committee:|
|Carl-Olof By||Chairman of the Election Committee, AB Industrivärden|
|Jean-Baptiste Duzan||Renault s.a.s.|
|Lars Förberg||Violet Partners LP|
|Håkan Sandberg||Handelsbanken SHB Pension Fund, SHB Pensionskassa, SHB Employee Fund and Oktogonen|
|Carl-Henric Svanberg||Chairman of the AB Volvo Board|
Among other duties, the Election Committee is responsible for submitting to the Annual General Meeting proposals for candidates to serve as members of the Board of Directors and Chairman of the Board and proposal for auditors if applicable. The Committee also proposes the amount of the fees to be paid to the holders of these positions.