Shareholders in AcandoFrontec AB (publ) are hereby notified that the Annual General Meeting will be held at 3:00 p.m. (C

Shareholders in AcandoFrontec AB (publ) are hereby notified that the Annual General Meeting will be held at 3:00 p.m. (CET) on May 12, 2004 at Näringslivets Hus (Wallenberg Hall), Storgatan 19, Stockholm. Notification of attendance, etc. Shareholders who wish to participate in the Meeting must be recorded in the shareholders' register maintained by Värdepapperscentralen VPC AB (the Swedish Securities Register Center) not later than April 30, 2004 and must notify the company in writing at AcandoFrontec AB, Box 5528, SE-114 85 Stockholm, Sweden, not later than 12:00 noon on May 5, 2004. Notification may also be made by telephone +46 8 517 240 00, fax +46 8 503 27 395, e-mail inga.nystrom@acandofrontec.com or via AcandoFrontec's website at www.acandofrontec.com. Shareholders are asked to provide their name, address, telephone number and personal or corporate identity number. Shareholders who plan to be represented by proxy must submit a power of attorney together with their notification. Those representing a legal entity must include a copy of a registration certificate or other similar documentation issued by an authorized signatory. To be entitled to vote at the Meeting, shareholders whose shares are registered in the name of a nominee through the trust department of a bank or a brokerage firm must request that their shares be temporarily re-registered in their own names in the shareholders' register maintained by VPC AB. Shareholders must notify their nominees well in advance of April 30, 2004, at which time re-registration must be complete. PROPSED AGENDA 1. Election of the Chairman of the Meeting. 2. Drawing up and approval of the voting list. 3. Election of one or two persons to attest to the accuracy of the minutes. 4. Approval of the agenda. 5. Decision whether proper notice of the Meeting has been made. 6. Presentation of the annual report and the auditors' report, as well as the consolidated financial statements and the auditors' report for the Group for the fiscal year 2003, in addition to the address by the President. 7. Resolutions to a) approve the income statement and the balance sheet, as well as the consolidated income statement and the consolidated balance sheet b) dispose of the company's result in accordance with the adopted balance sheet c) discharge from liability the members of the Board of Directors and the President. 8. Resolution on the number of directors and deputy directors, as well as the number of auditors and deputy auditors. 9. Resolution on the fees paid to the Board of Directors and auditors. 10. Election of the Board of Directors, deputy directors and auditors. 11. Resolution to amend the Articles of Association. 12. Resolution to authorize the Board of Directors to decide on the issuance of shares. PROPOSALS FOR RESOLUTION Proposed disposition of profit (item 7b) The Board of Directors and the President recommend that the company's profit/loss be carried forward and that no dividend be paid. Board of Directors, etc. (items 8, 9 and 10) Board members Sven Hagströmer and Bengt Wallentin have declined reelection. The company's nominating committee therefore proposes: that the number of Board members elected by the Annual General Meeting amount to 6; that the fee paid to the Board of Directors' external members be set at SEK 1,050,000 (previous year SEK 1,350,000), distributed as determined by the Board; and that the Annual General reelect Göran Carstedt, Olof Englund, Ulf J Johansson, Per Lindberg, Mikael Nachemsson and Anders Skarin. Shareholders representing more than 50 percent of the total number of votes in the company support the above proposal. Election of Auditors (items 8, 9 and 10) Shareholders representing more than 50 percent of the total number of votes propose: that the accounting firm ÖhrlingsPricewaterhouseCoopers be elected as the company's auditor for a period of 4 years; that its fees be paid according to agreed invoicing. Resolution to amend the Articles of Association (item 11) The Board of Directors proposes that the company's registered address be changed to Stockholm municipality. Authorization (item 12) The Board of Directors proposes that the Annual General Meeting authorize the Board, until the next Annual General Meeting, to decide on one or more occasions to issue not more than 2,000,000 new Class B shares that deviate from current shareholders' preferential rights to be used as consideration in connection with acquisitions. Stockholm, April 2004 The Board of Directors For more information, please contact Jan Rehn, Director of Communications and Investor Relations, at +46 31 707 1179. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/04/13/20040413BIT20300/wkr0006.pdf pdf