ANNUAL GENERAL MEETING IN BONG AB (publ)

The Annual General Meeting in Bong AB (publ) held on 16 May 2012 adopted the following resolutions.

Board of Directors and Auditors
Re-election of Mikael Ekdahl, the company’s President and CEO Anders Davidsson, Christian W. Jansson, Ulrika Eriksson, Stéphane Hamelin and Eric Joan as ordinary board members.

Mikael Ekdahl was re-elected as Chairman of the Board.

Directors’ fees were set at an amount of SEK 300,000 to the Chairman and SEK 150,000 to each of the other members not employed with the company. Fees for committee work will be paid to the Chairman of the Audit Committee with SEK 100,000 and SEK 50,000 to each of the members.

Election of the accounting company PricewaterhouseCoopers AB for a one year period of mandate, consequently, up to and including AGM 2013, with authorised public accountant Eric Salander as auditor in charge. Fees to the auditors will be paid as per agreement.

Appropriation of profit
The Meeting adopted the proposal of the Board of Directors that no dividend is to be distributed for the financial year 2011 and that the results of the company of SEK 539,372,559 in total, including this year’s result of SEK 4,394,683 should be carried forward.

Nomination and Remuneration Committee
Alf Tönnesson (Aktiebolaget Cydonia), Mikael Ekdahl (Melker Schörling AB), Erik Sjöström (Skandia) and Peter Edwall (Ponderus Securities AB) were re-elected members of the Nomination Committe for the AGM 2013 and Alf Tönnesson was re-elected Chairman of the Nomination Committee.

At the subsequent statutory board meeting Mikael Ekdahl and Stéphane Hamelin were re-elected as members of the Remuneration Committee for the period up to the next statutory board meeting. Further, Mikael Ekdahl and Christian W. Jansson were re-elected as members of the Audit Committee for the same period.

Guidelines for Remuneration to Senior Executives
The AGM resolved to establish guidelines for remuneration to senior executives entailing principally that remuneration to senior executives shall consist of a fixed salary, a variable remuneration, other benefits and pension and that the total remuneration shall be according to market conditions and competitive. The variable part of the salary shall have a pre-deterimined cap and may as a fundamental principle never exceed 60 per cent of the fixed annual salary. The variable remuneration shall be subject to the fulfilment of certain financial targets and also be connected to the achievement of individual targets. The variable remuneration shall not qualify for pension. Pension benefits shall be either income or fee based, or a combination of both, with a pension age of 65 years.

On notice of termination by the officer, the notice period shall normally be six months. On dismissal by the company, the notice period and the period of severance pay shall totally not exceed 24 months. The guidelines in full are published on the company’s website.

Malmö, 16 May 2012

Bong AB (publ)
The Board of Directors

For further information, please contact Anders Davidsson, President and CEO of Bong AB. Telephone (switchboard) +46 44 20 70 00, (direct no) +46 44 20 70 80, (mobile) +46 70 545 70 80.

This information is of the kind that Bong AB (publ) are obliged to publish pursuant to the securities market act and/or the act on trade with financial instruments. The information was given for publication at 5.00 p.m. on 16 May 2012.

Bong is the leading provider of specialised packaging and envelope products in Europe and offers solutions for distribution and packaging of information, advertising materials and lightweight goods. Important growth areas in the Group are the ProPac packaging concept and Russia. The Group has annual sales of approximately SEK 3.2 billion and about 2,300 employees in 15 countries. Bong has strong market positions, in most of the important markets in Europe, and the Group sees interesting possibilities for continued expansion and development. Bong is a public limited company and its shares are listed on NASDAQ OMX Stockholm, Small Cap.

About Us

Bong is one of the leading providers of specialty packaging and envelope products in Europe and offers solutions for distribution and packaging of information, advertising materials and lightweight goods. Important growth areas in the Group are packaging within retail and e-commerce and the envelope market within Eastern Europe. The Group has annual sales of approximately SEK 2.1 billion and about 1,500 employees in 15 countries. Bong has strong market positions in most of the important markets in Europe and the Group sees interesting possibilities for continued development. Bong is a public limited company and its shares are listed on Nasdaq Stockholm (Small Cap).

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