AGA's board of directors

AGA'S BOARD OF DIRECTORS A group of holders of A-shares and B-shares in AGA AB, representing more than 50 percent of the capital and the total number of votes in the company, has declared that they will vote for a proposition at the Annual General Meeting to re-elect Board Members Sverker Martin-Löf, Tom Hedelius, Lennart Jeansson, Clas Reuterskiöld, Peter Sjöstrand and AGA´s President and CEO Lennart Selander. If this Board of Directors is elected, the Board will elect Sverker Martin-Löf Chairman of the Board. This implies a reduction of the Board by two members compared to last year. AGA's Chairman of the Board Sven Ågrup announced before last year's Annual General Meeting that he will not be available for re- election in 1999. Carl Bennet has also announced that he will not be available for re-election. With regard to the remuneration to the Board of Directors in 1999, the total amount for compensation to the Board Members will be unchanged. Individual remuneration is to remain unchanged, the remainder is to be distributed among the Board Members if the Board work requires extraordinary work inputs. The Annual General Meeting will be held on April 22, 1999. Lidingö March 8, 1999 AGA Aktiebolag (publ) Board of Directors ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/03/08/19990308BIT00040/bit0001.doc http://www.bit.se/bitonline/1999/03/08/19990308BIT00040/bit0002.pdf