Svenska Handelsbanken’s Annual General Meeting

Svenska Handelsbanken's Annual General Meeting

At the Annual General Meeting on 28 April 1998, the Board of Handelsbanken was re-elected with the exception of Gunnar L Johansson who had declined re-election for reasons of age.

The Banking Companies Act requires that the number of employees of the Bank in proportion to the number of members who are not employees, elected by the Meeting does not exceed a certain level. In order to reduce the number of board members it has been agreed that Lotty Bergström, previously nominated by the Oktogonen Foundation, remains on the board but as a representative of the labour union. In all probability, the law will be changed on this point. The intention is then to revert to the Annual General Meeting electing two board members proposed by the Oktogonen Foundation.

Björn Börjesson, Executive Vice President at Handelsbanken succeeded Hans Christofferson as Deputy Board Member.

Öhrlings Coopers & Lybrand AB and Ernst & Young AB, registered public accounting firms, were elected auditors.

The Annual General Meeting adopted the Board's proposal for cash dividend.

The Annual General Meeting also adopted the Board's proposal for distribution of shares in Fastighets AB Balder to holders of the Bank's ordinary shares.

A list of the members of the board and auditors is shown on the next page.

The Board of Directors, 1998

Board Members

Tom Hedelius, Stockholm Chairman

Bo Rydin, Stockholm Vice Chairman

Jan Ekman, Lidingö Vice Chairman

Lotty Bergström, Ekerö

Lennart Claesson, Nässjö

Göran Ennerfelt, Upplands Väsby

Per-Olof Eriksson, Sandviken

Roland Fahlin, Stockholm

Hans Larsson, Stockholm

Arne Mårtensson, Danderyd President and

Group Chief Executive

Olle Persson, Östersund

Clas Reuterskiöld, Danderyd

Bengt Samuelsson, Danderyd

Sven Ågrup, Lidingö

Deputy Board Member

Björn Börjesson, Malmö

Auditors 1998

Appointed by the Annual General Meeting

Registered public accounting firms

Öhrlings Coopers & Lybrand AB

Ernst & Young AB

Appointed by the Swedish Financial Supervisory Authority

Peter Markborn, Danderyd

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