MQ: The Election Committee’s Proposal Regarding the Board of Directors etc

Regulatory News:

The Election Committee of MQ Holding AB proposes to the Annual General Meeting 2013 that it re-elects Erik Olsson, also proposed to be re-elected as chairman of the board of directors, Göran Barsby, Thomas Nyberg, Eva Redhe Ridderstad, Bengt Jaller and Christina Ståhl.

The remuneration to the members of the board of directors is proposed to be SEK 1,400,000, out of which SEK 400,000 should be allocated to the chairman of the board of directors and SEK 200,000 to each of the other members of the board of directors. Further, remuneration for committee work is proposed to be SEK 15,000 for each day of meeting. The proposal entails that the remuneration remains unchanged compared to last year.

The Election Committee proposes that the Annual General Meeting resolves to appoint a new election committee in preparation for the Annual General Meeting to be held in 2014, in a somewhat different way compared to the Annual General Meeting of 2013. The change entails that the Election Committee is proposed to consist of one additional member compared to the Election Committee for the Annual General Meeting of 2013. This entails that the chairman of the board of directors shall contact the three largest registered or otherwise known shareholders as per 1 April, 2013, and invite them to each appoint one member of the election committee. If any shareholder waives its right to appoint a member, the largest registered or otherwise known shareholder that not yet has appointed a member of the election committee shall be invited, and so on. The election committee shall consist of these three members together with the chairman of the board of directors, being responsible for the summoning procedure. The election committee shall appoint a chairman amongst its members.

The Election Committee of MQ Holding AB consists of Hanna Ideström, representing CapMan and chairman of the Election Committee, Henrik Strömbom, representing Jaller Klädcenter AB, as well as Erik Olsson, chairman of the board of directors.

MQ is one of Sweden’s leading branded fashion wear chains. Through a mixture of proprietary and external brands, MQ offers men and women high fashion clothing in attractive stores. The store chain currently has 119 stores and the objective is to establish MQ as the leading brand chain in the Nordic region. The MQ share is listed on NASDAQ OMX Stockholm since June 18th, 2010. For more information, see www.mq.se.

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