News release from the annuanl general meeting AB Lindex

1/19/2000 11:51 AM EST

NEWS RELEASE FROM THE ANNUAL GENERAL MEETING OF AB LINDEX ON 19 JANUARY
2000

Dividend
The Annual General Meeting approved the proposed dividend of SEK 4.00
(3.50) per share.


Board of Directors and Auditors
The number of Board Members elected by the AGM was increased from six to
seven.

Board Members Birgitta Johansson-Hedberg, Gerard H De Geer, Hans
Johansson, Tommy Persson and Svein Ribe-Anderssen were re-elected.

Marie Ehrling (Senior Vice President, Station Services Division, SAS) and
Erik Stensrud (President and CEO, Helly Hansen ASA, Norway) were elected
Board Members. Mats Jansson did not stand for re-election.

It was noted that the employees of the Company - in accordance with
legislation regarding representation on the Board for the employees - had
appointed Karin Larsson and Rigmor Lindbäck Employee Representatives on
behalf of the Swedish Union of Commercial Employees with Alice Eriksson of
the Swedish Union of Commercial Employees and Rune Lindstrand of the Union
of Commercial Salaried Employees Deputy Employee Representatives.

The Authorised Public Accounting Firm, Öhrlings PricewaterhouseCoopers AB,
was re-appointed Auditors for the period lasting until the end of the AGM
held during the fourth financial year following the appointment of
Auditors.
Nomination Committee

The Members of the Nomination Committee, Birgitta Johansson-Hedberg and
Ola Uhre were re-elected and Ramsay Brufer, SPP and Björn Lind, S-E-
Bankens Allemansfonder AB elected. The task of the Nomination Committee is
to submit proposals for election of Members and remuneration for the
Company's Board of Directors at the next Annual General Meeting.

New incentive programme
The AGM was informed that the intention is to implement a new incentive
programme for senior executives in the Lindex Group from the 200/2001
financial year, when the current incentive programme with synthetic
options has expired.

Inaugural Board Meeting


At the Inaugural Board Meeting, which was held following the AGM, Birgitta
Johansson-Hedberg was re-elected Chairwoman.


Alingsås, 19 January 2000


Board of Directors
AB Lindex