Report from the Annual General Meeting of Karlshamns AB

Report from the Annual General Meeting of Karlshamns AB The Annual General Meeting confirmed the dividend of SEK 3.50 per share, as proposed by the Board of Directors. Mr Lars Hjort, vice president of KF ekonomisk förening, was elected Director of the Board. Mr Hjort is succeeding Mr Håkan Söderbäck who declined his re-election. The Board's proposal with respect to authorization for the repurchase of the Company's own shares was approved by the Meeting. The resolution means that the Board, in the period up to the next ordinary shareholders meeting, on one or several occasions may decide to buy back the company's own shares on the Stockholm Stock Exchange to the extent that the Company's own shareholding, at any single moment, never exceeds the limit of 10% of the Company's total equity. The share repurchase program must only be executed within the price range quoted at any given moment at the Stockholm Stock Exchange, a range specified as the interval between the highest bid rate and the lowest offer rate. The AGM further confirmed that that Directors' fees for the year 2000 shall remain on the total amount of SEK 800.000, to be distributed by the Board of Directors among those elected Directors not being employed by the Company. The AGM finally resolved to re-elect the current accounting firm Öhrlings Pricewaterhouse Coopers AB, for a period of four years. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/26/20000426BIT01510/bit0001.doc http://www.bit.se/bitonline/2000/04/26/20000426BIT01510/bit0002.pdf