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In Today's post I wanted to share some exciting key points that I took away from the Volvo Annual General Meeting 2011. This information is available online at the attached links both in PDF and video. We were addressed in today's meeting by current President and CEO, Leif Johansson.

Volvo Annual General Meeting
Key Points:

• Last year 2010, sales were almost SEK 265 billion, earnings totaled SEK 18
billion, cash flow was record high and net indebtedness was in line with the
Group’s target.

• The share price surged by 93 percent

• We were able to welcome back many of our employees who were compelled to
leave us during the crisis.

• The reason for the sharp upturn is to be found partly in the fiscal and
monetary policy measures that helped stabilize the financial markets,
countries such as China, India and Brazil, with their robust domestic
markets, progressed through the crisis virtually unscathed.

• Since the disposition of passenger car operations Volvo Group has grown by
SEK 200 billion and we are currently one of the largest players in our
industries.

• We already have excellent positions worldwide and we are gaining an ever‐
increasing number of domestic markets. We have a robust, ample centre in
Gothenburg, as well as in other locations – as you will soon see.

• The Annual General Meeting of AB Volvo held on April 6, 2011 approved the
Board of Directors’ motion that a dividend of SEK 2.50 per share be paid to
the company’s shareholders. The record date for dividends was established as
April 11, 2011.

LATEST AB VOLVO ANNOUNCEMENT

• As of May 1, Olof Persson will become Executive Vice President of AB Volvo
as well as Deputy CEO during the period until the end of August.

• Olof Persson’s successor as President of Volvo Construction Equipment will
be announced in the near future.