Annual General Meeting of Beijer Alma AB (publ)

Regulatory News:

EXTRACT FROM PRESIDENT BERTIL PERSSON’S STATEMENT AT THE ANNUAL GENERAL MEETING

Demand was favorable in all of our companies. Sales increased in essentially all business areas. We also drew benefit from Beijer Tech’s consolidation as of the beginning of the year. In addition, Lesjöfors completed an acquisition that contributes about MSEK 100 in annual invoicing.

On the down side, we are dealing with a strong SEK and higher commodity prices, which are currently causing severe headwinds. This mainly affects Lesjöfors and Habia, the latter of which is the most adversely affected due to substantial price increases in copper and plastic materials. At the same time, events in Japan are generating material shortages that risk worsening the situation further.

Despite this, the first quarter should generate higher earnings than the preceding year.

RESOLUTIONS PASSED AT THE ANNUAL GENERAL MEETING

The following resolutions were passed by the Annual General Meeting:

• To approve a dividend for 2011 of SEK 6.00 per share and an extra dividend of SEK 1.00 per share. The dividend will be distributed by Euroclear Sweden beginning April 7, 2011.
• To adopt a fixed annual directors’ fee of SEK 250,000 for each director, not including the Chairman, who will receive a fixed annual directors’ fee of SEK 600,000 and an annual assignment fee of SEK 300,000. Auditors’ fees will be paid according to invoicing.
• The following members of the Board of Directors were re-elected: Anders Wall (Chairman), Marianne Brismar, Anders G. Carlberg, Peter Nilsson, Anders Ullberg and Johan Wall (Deputy Chairman). Carina Andersson, mining engineer at the Royal Institute of Technology in Stockholm, was elected as a new Board member. She is former head of Sandvik’s Power Technology business area and, prior to that, was President of Ramnäs Bruk AB. The Annual General Meeting also resolved to re-elect Bertil Persson, President and CEO, as a Deputy Director. Göran W Huldtgren declined re-election.
• Prior to the 2012 Annual General Meeting, the company will apply a nomination procedure whereby Anders Wall, in his capacity as principal owner and Chairman of the Board, and Director Johan Wall, as well as three representatives of the next largest shareholders appointed by the Annual General Meeting, will form a Nomination Committee and submit proposals concerning the Board of Directors, the Chairman of the Board, the Deputy Chairman, directors’ fees, auditors’ fees and the Chairman of the next Annual General Meeting. Accordingly, in addition to the individuals named above, the Annual General Meeting resolved to appoint Caroline af Ugglas (Livförsäkringsaktiebolaget Skandia), Ulf Hedlundh (Svolder AB) and Mats Gustafsson (Swedbank Robur Funds) to the Nomination Committee.
• To authorize the Board of Directors, in deviation of the shareholders’ preferential rights, to make decisions concerning the issue of not more than 3,000,000 new Class B shares or convertible promissory notes exchangeable for not more than 3,000,000 new Class B shares for the purpose of corporate acquisitions.
• To amend the Articles of Association to correspond to the new legislative ordinances concerning notice of the annual general meeting.
• To authorize the Board of Directors to resolve on the acquisition and divestment of the company’s own Class B shares.

The interim report for the first quarter will be published on May 5.

In conjunction with the Annual General Meeting, Beijer Alma resolved to make a donation of SEK 100,000 to Uppsala Stadsmission.

BEIJER ALMA AB (publ)
Board of Directors

Beijer Alma AB (publ) is an international industrial group focused on component production and technology trading. The Group includes Lesjöfors, a full-range supplier of industrial springs, wire and flat strip components, Habia Cable, one of Europe’s largest manufacturers of custom-designed cables, and Beijer Tech, which specializes in technology trading. Beijer Alma is listed on the NASDAQ OMX Stockholm Mid Cap list.

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