Resolutions made at Axfood AB's Annual General Meeting on 14 March 2012

The Annual General Meeting (AGM) adopted the parent company and consolidated balance sheets and income statements for the 2011 financial year, and approved a dividend of SEK 12 per share. The record date for the dividend is 19 March 2012. Dividends are expected to be sent out on 22 March 2012.

The AGM discharged the board members and President from liability for the 2011 financial year.

The Nominating Committee's recommendation that directors' fees remain unchanged, in a combined amount of SEK 2,400,000, was approved by the AGM.

The AGM also resolved that the Company's board shall consist of seven directors elected by a general meeting of shareholders. The AGM resolved to re-elect Antonia Ax:son Johnson, Peggy Bruzelius, Maria Curman, Fredrik Persson, Odd Reitan, Marcus Storch and Annika Åhnberg. Fredrik Persson was elected as Chairman of the Board.

New Articles of Association were adopted by the AGM. The auditor's mandate period shall be two years instead of one year. The AGM re-elected the chartered accounting firm KPMG AB as the Company's auditor for a term through the end of the 2014 AGM, with Authorized Public Accountant Thomas Thiel as chief auditor.

Guidelines for the Nominating Committee's composition were adopted in accordance with the Nominating Committee's recommendation.

Guidelines for compensation of senior executives were adopted in accordance with the Board's recommendation.

Finally, the AGM resolved that employees of the Axfood Group shall be given the opportunity to purchase shares in store companies in Hemköpskedjan. The employees who shall have the right to purchase shares are store managers (presidents) of store companies that are run/or established within Hemköpskedjan. The resolution covers a maximum of ten Hemköp stores and applies for the period until the next Annual General Meeting of Axfood.

The Board constituted itself after the AGM and elected Marcus Storch as Vice Chairman.

For further information, please contact:
Fredrik Persson, Chairman of the Board, Axfood AB, tel. +46-8-701 61 00
Anders Strålman, President and CEO, Axfood AB, tel. +46-70-293 16 93

Axfood AB conducts food retail and wholesale business in Sweden. Retail business is conducted through the wholly owned store chains Willys, Hemköp and PrisXtra, comprising 237 stores in all. In addition, Axfood collaborates with a number of proprietor-run stores that are tied to Axfood through agreements. These include stores within the Hemköp and Willys chains as well as stores run under the Handlar’n and Tempo profiles. In all, Axfood collaborates with approximately 820 proprietor-run stores. Wholesaling is conducted through Dagab and Axfood Närlivs. Axfood is listed on Nasdaq OMX Stockholm AB's Large Cap list. Axel Johnson AB is the principal owner, with 50,1 of the shares.

About Us

Axfood AB conducts retail trade through the wholly owned store chains Hemköp, Willys and Willys hemma and wholesale trade through Dagab and Axfood Närlivs. In addition, Axfood collaborates with a number of proprietor-run stores that are tied to Axfood through agreements.


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