AGM of Opcon AB

Re-election of Board of Directors at Annual General Meeting of Opcon, the energy and environmental technology Group

Opcon AB held its Annual General Meeting on Thursday 4 May 2012 at Citykonferensen in Stockholm.
The Annual General Meeting decided that Opcon’s Board shall comprise six members with no deputies, and re-elected Mats Gabrielsson, chairman, Ulf Ahlén, Kenneth Eriksson, Rolf Hasselström,Bengt E Johnson and Bill Tunbrant as Board members.

The employee representatives on the Board are Maurizio D’Agostino for the IF Metal trade union and Karin Hansen for the Unionen trade union.

The income statements and balance sheets of the Group and parent company were adopted, and the Board and CEO were discharged from liability for the 2011 financial year.

The other most important decisions made at the meeting were as follows, all in accordance with the Board’s proposals:
The meeting decided that as a part of an incentive scheme directed at senior executives, Opcon will issue at most 1,000,000 subscription options. Each option will entitle the holder to subscribe for one share in Opcon AB. Subscription for shares using these options will be possible on 1 June 2015 at a subscription price established at 200 percent of the volume-weighted average latest pay-price for shares in the Company listed on Nasdaq OMX Stockholm’s official share price list over the most recent 15-day period before subscription for the subscription options. Each executive shall be entitled to a maximum allocation of 100,000 options. Rolf Hasselström will not be included in this allocation of options. The decision of the meeting was unanimous.

The meeting also decided that as a part of an incentive scheme directed at existing and future members of the Board of Opcon AB, Opcon will issue at most 500,000 subscription options. Each option will entitle the holder to subscribe for one share in Opcon AB. Subscription for shares using these options will be possible on 1 June 2015 at a subscription price established at 200 percent of the volume-weighted average latest pay price for shares in the Company listed on Nasdaq OMX Stockholm’s official share price list over the most recent 15-day period before subscription for the subscription options. Each Board member shall be entitled to a maximum allocation of 125,000 options. Mats Gabrielsson and Rolf Hasselström will not be included in this allocation of options. The decision of the meeting was unanimous.

The Board was authorised to make a decision on one or more occasions up until the next Annual General Meeting concerning the issue of new shares and/or issue of convertibles and/or subscription options. Through such decisions supported by authorisation, the share capital could increase by at most SEK 100,000,000 and at most 50,000,000 shares, which corresponds to around 27.7 percent after full dilution. The purpose of the authorisation is to give the Board freedom of action in connection with investments, company acquisitions and raising of capital. The decision of the meeting was unanimous.

For further information, please contact
Niklas Johansson, vice president, Investor Relations, Opcon AB, tel. +46 8 466 45 00, +46 70 592 54
53 Opcon AB, Box 15085, 104 65 Stockholm, Sweden Tel. +46 8 466 45 00, fax +46 8 716 76 61
e-mail: info@opcon.se
www.opcon.se

The Opcon Group
Opcon is an energy and environmental technology Group that develops, produces and markets systems and products for eco-friendly, efficient and resource-effective use of energy.

Opcon has activities in Sweden, China, Germany, the UK and France. There are around 410 employees. The company’s shares are listed on Nasdaq OMX Stockholm.

The Group comprises two business areas:
Renewable Energy focuses on the following areas: electricity generation based on waste heat, bioenergypowered heating and CHP plants, pellets plants, drying of biomass, handling systems for biomass, sludge and
natural gas, industrial cooling, flue gas condensation, treatment of flue gases and air systems for fuel cells.

Engine Efficiency focuses on energy-efficient solenoid technology and ignition systems for combustion engines including ethanol, natural gas and biogas engines.

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