Notice of annual general meeting of IGE Resources AB (publ) on 10th of May 2012

4/11/2012 2:15 AM EST

Notice is hereby given of the annual general meeting (AGM) with the
shareholders of IGE Resources AB (publ), 556227-8043, on Thursday 10thof
May 2012 at 1600 hours at Hotel Rica (conference room "Sergel") with
address Slöjdgatan 7 in Stockholm.
Right to participate in the Meeting

Shareholders wishing to
participate in the meeting must:

-      be entered in the register of
shareholders kept by Euroclear Sweden AB on Friday 4thof May 2012 (see
also the section on nominee-registered shares below), and

-      have
notified the company of their attendance not later than 1600 hours on
Monday 7thof May 2012 at the address Kungsgatan 44, 7thfloor, 111 35
Stockholm, Sweden, or by telephone 08-402 28 06, by fax 08-402 28 01 or
by e-mail to  . When notifying the company, please state
your name, personal identity or registration number, telephone number,
address, shareholding and details about representatives or assistants
(no more than two) if any.

Nominee-registered shares

Shareholders
whose shares are nominee-registered must also request a temporary entry
in the register of shareholders kept by Euroclear Sweden AB in order to
be entitled to participate in the meeting. Shareholders must notify the
nominee about this well before 4thof May 2012, which is the day entry
must be effected in order to be taken into account in the transcript of
the register of shareholders made by Euroclear Sweden AB on that
date.

Shareholders registered in the Norwegian Verdipapirsentralen
(VPS) must request a temporary entry as shareholders in the register of
shareholders kept by Euroclear Sweden AB, in order to be entitled to
participate in the meeting. In this connection, shareholders must notify
DnB NOR Bank ASA about this at the address Verdipapirservice, Stranden
21, 0021 Oslo, or by fax +47 22 94 90 20 no later than at 1200 hours on
Wednesday 2ndof May 2012, so that DnB Bank ASAS can ensure an entry is
made in the register of shareholders kept by Euroclear Sweden AB by
4thof May 2012, when the entry must have been effected. Following the
meeting, DnB NOR Bank will arrange for the shares to be re-registered in
the Norwegian Verdipapirsentralen.

Representatives, power of
attorney, etc.

The rights of shareholders during the meeting may be
exercised by an authorised representative. Power of attorney must be
presented in original. The power of attorney should in good time before
the meeting be sent to the company at the above address. Forms for power
of attorney will be available at the company and on the company's home
page www.ige.se. Representative for a legal entity must also present
certificate of registration, original or verified copy, or equivalent
documents.

Proposed agenda

 1. Opening of the meeting

 2.
Election of Chairman of the meeting

 3. Drafting and approval of
voting list

 4. Approval of the Board's proposed agenda

 5.
Appointment of persons to approve the minutes

 6. Determination
whether the meeting has been duly convened

 7. a) Presentation by the
Managing Director
b) Presentation of annual report with accounting
report along with annual report for the group

 8. a) Determination of
the annual accounts for the company and the group
b) Disposition of the
result according to the annual report
c) Discharge from liability for
the Board and the Managing Director

 9. Decision regarding the number
of Board members and deputies and accountants and deputy
accountants

10. Decision regarding fees for the Board members and the
accountant

11. Election of Board members, deputies (if applicable)
and the Chairman of the Board and election of accountants and deputies
(if applicable)

12. The Board's proposal regarding principles for
appointing Nomination Committee for the next AGM

13. The Board's
proposal regarding guidelines for compensation to key employees

14.
The Board's proposal regarding adoption of new Articles of
Association

15. The Board's proposal regarding authorisation for the
Board to decide on new share issues etc

16. Other items

17.
Closing of the meeting

The Board's proposal

Item 8;
Dividends

The Board proposes that no dividends be paid out regarding
the financial year 2011.

Item 12; The Board's proposal regarding
principles for appointing Nomination Committee for the next AGM

The
Board's proposal regarding principles for appointing Nomination
Committee for the next AGM according to item 12 on the agenda above will
be available at the company and the company's website www.ige.se. The
proposal is in principle equivalent to previously decided model for
appointment of nomination committee.

Item 13; The Board's proposal
regarding guidelines for compensation to key employees

The Board's
proposal regarding guidelines for compensation to key employees
according to item 13 on the agenda above will be available at the
company and the company's website www.ige.se. The proposal in short is
the following. Fixed salaries and compensations will be related to the
responsibilities and authorisations of the employees and the total
compensation consists of

-                 Fixed salary
-                 Variable compensation linked to clearly defined and
measureable goals, which will not exceed 50 % of the fixed salary paid
out to the employee in question during the period covered by the
variable compensation

-                 Provision for pensions
-                 Other benefits such as car, computer and cell
phone

-                 Terminal salary and severance pay

Item 14;
The Board's proposal regarding adoption of new Articles of
Association

As a consequence of the proposed authorisation for the
Board to decide on new share issues according to item 15 below, the
Board proposes that new Articles of Association are adopted thus
changing the share capital to a minimum of SEK 25,000,000 and a maximum
of SEK 100,000,000 and the number of shares to a minimum of 100,00,000
shares and a maximum of 400,000,000 shares.

Item 15; The Board's
proposal regarding authorisation for the Board to decide on new share
issues etc.

The Board proposes that the AGM authorises the Board, up
until the next AGM and on one or more occasions, to decide on issue of
shares, convertible bonds and/or warrants, thereby increasing the share
capital with a maximum of totally SEK 5,048,589.50 corresponding to a
maximum of 20,194,358 shares. The authorization may be used by the Board
to decide on issues with or without pre-emptive rights for the company's
shareholders. Payment for subscribed shares may be paid in cash, by set
off or if applicable by issue in kind. Should the authorisation be
utilised in full, this will have a dilution effect of approx. 10 % for
the shareholders not participating in the issue.

Documents
etc.

The annual report and the auditor's report, as well as other
documents according to this notice, are available at the company and at
the company's website www.ige.se. Copies will be sent to those
shareholders who request this and give their address.

According to
chapter 7, section 32, of the Swedish Companies Act, the Board and the
Managing Director, if a shareholder requests it and the Board deems it
may be done without harming the company, will inform the meeting
regarding circumstances that may affect the evaluation of an item on the
agenda, circumstances which may affect the evaluation of the financial
situation of the company or its subsidiaries, and also the company's
relation to another company in the group. A question may be put in
advance in the same manner as notice of participation above.

The
number of shares in the company is at the time for this notice
51,928,350. The rights issue decided by the Board on 2ndof March 2012 is
currently being registered by the Swedish Companies Registration Office,
and when completed the number of shares and votes in the company will be
181