Summary of Alfa Laval´s Annual General Meeting

Summary of Alfa Laval's Annual General Meeting Alfa Laval's first Annual General Meeting since the Company was re- listed on the Stockholm Exchange May 17 last year, was held today at Scandic Hotel Star in Lund, and was attended by approximately 200 persons. Alfa Laval's CEO and President Sigge Haraldsson, reported in his speech among others about the Group's key technologies, markets and financial goals. "The growth target is five percent on average per year over a business cycle. Adjusted EBITA should be between 12 and 15 percent depending on where we are in the business cycle. The goal for return on working capital is 20 percent." CEO Sigge Haraldsson's speech is available on "www.alfalaval.com/investors". Dividend The Meeting approved the Board's proposal regarding a dividend of 2:00 SEK. May 13 2003 was approved as record date to receive the dividend and payment of the dividend is estimated to occur through Värdepapperscentralen VPC AB on May 16 2003. The Board of Directors Anders Narvinger was elected as new member of the Board of Directors. All other members of the Board were re-elected, which means that the Board of Director's now consists of Sigge Haraldsson, Anders Narvinger, Lena Olving, Finn Rausing, Jörn Rausing, Christian Salamon, Björn Savén and Waldemar Schmidt. In connection to the meeting the Board held a constitutional meeting. At this meeting Anders Narvinger was elected Chairman of the board and Björn Savén was elected deputy Chairman. Nomination committee The Meeting decided that the Chairman of the Board, annually during the fourth quarter, convenes the five largest shareholders in the company, which appoint the members of the Nomination committee. If any of these shareholdes decline this right, the next shareholder in line will be asked until there are five members appointed. The names of the members of the Nomination committee will be public as soon as they have been appointed. For further information: Mikael Sjöblom Alfa Laval Group Investor Relations Manager Tel: +46 46 36 74 82 Mobil: +46 709 78 74 82 mail to:mikael.sjoblom@alfalaval.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/05/08/20030508BIT01450/wkr0001.doc http://www.waymaker.net/bitonline/2003/05/08/20030508BIT01450/wkr0002.pdf