Decisions at the Annual General Meeting of Shareholders of

At the Annual General Meeting of Shareholders 13 April 2005 the following decisions has been made among others:

  

A dividend of SEK 0.75 per share will be paid for 2004. Monday, 18 April 2005 is record date for the dividend. The dividend will be paid by VPC AB on Thursday, 21 April 2005.

  

Stefan Dahlbo (chairman), Gustaf Hermelin, Lars Holmgren, Anna-Greta Lundh and Johan Piehl were re-elected as board members. Lars Rosvall, Fredrik Svensson and Per Uhlén were elected as board members. The board fee is SEK 1,000,000 of which SEK 250,000 to the chairman of the board and SEK 125,000 each to the other members. No fee is to be paid to the President & CEO of Klövern. The auditors will be paid in accordance with the account submitted.  

 

The election committee is to be appointed annually, and is to consist of the chairman of the board, and a representative of each owner whose shareholding in the company on 31 August exceeds five per cent of the shares and votes in the company, and a representative of the other shareholders. The names of the persons who are to take part in the election committee is to be published at the latest by 15 September on Klövern’s website. If a member leaves the election committee before their work is finished, this person is to be replaced by another representative of the owner whose representative has left the election committee if this owner still owns more than five per cent of the shares and votes in the company, otherwise any new owner who owns more than five per cent of the shares and votes in the company shall be offered a seat in the election committee. If the application of the above principles has the effect in any case that the number of members of the election committee is less than three, a representative of the Swedish Shareholders Association shall also be offered a seat in the election committee.

 

The Annual General Meeting of Shareholders has authorised the board, until the next Annual General Meeting, on one or more occasions, with or without a deviation from the right of priority of the shareholders, to decide on a new issue of at most 10,000,000 shares, each share to be at a nominal value of SEK 5, for acquisition of companies or properties. It is proposed that payment for the new shares be made by payment in kind, a set-off or cash payment.

 

Nyköping, 13 April 2005

 

 

Gustaf Hermelin, CEO, tel +46-(0)155-44 33 10, +46-(0)70-560 00 00, gustaf.hermelin@klovern.se

Anders Lundquist, CFO, tel +46-(0)155-44 33 20, +46-(0)70-528 43 33, anders.lundquist@klovern.se

Britt-Marie Einar, Corporate Communications Officer, tel +46-(0)155-44 33 12, +46-(0)70-224 29 35,

britt-marie.einar@klovern.se