Volvo Car

In line with the principles adopted by Volvo Cars' Annual General Meeting and based on the shareholder information as of August 31, 2023 the Nomination Committee for Volvo Cars' Annual General Meeting 2024 has been appointed and its members are:

• Tom Johnstone, appointed by Geely Sweden Holdings AB
• Yimin Chen, appointed by Geely Sweden Holdings AB
• Eric Li, Chairperson of the Board of Volvo Car AB
• Anders Oscarsson, appointed by AMF as the second largest shareholder
• Emilie Westholm, appointed by Folksam as the third largest shareholder

The Nomination Committee represents approximately 87 percent of the total voting rights of Volvo Car AB based on the ownership structure as of August 31, 2023.

Tom Johnstone will be the Chairperson of the Nomination Committee.

The Annual General Meeting of Volvo Car AB will be held on Tuesday, March 26, 2024, in Gothenburg.

The Nomination Committee is assigned to make proposals to the General Meeting in respect of the Chairperson at the General Meeting, elections of Board members and chairperson of the Board, remuneration of each Board member, election of auditor and remuneration to the auditor and, to the extent deemed necessary, proposals for amendments to the instruction for the Nomination Committee.

Shareholders, who wish to submit proposals to Volvo Cars' Nomination Committee, may do so by e-mail to: NominationCommittee@volvocars.com or by ordinary mail to the address: Volvo Car AB, At: Nomination Committee, Dept. 50090, VAK HB3S, 405 31 Gothenburg, Sweden. Proposals will have to be received no later than November 20, 2023 to be processed by the Nomination Committee.