Proposals for Members of the Board for AB Ångpanneföreningen

Proposals for Members of the Board for AB Ångpanneföreningen The Annual General Meeting of AB Ångpanneföreningen takes place on 11th May. Prior to the AGM's deliberations concerning the election of Members of the Board and the emoluments for the same, the following proposals have been received from shareholders representing a total of approximately 60 percent of the voting shares in AB Ångpanneföreningen. Gunnar Grönkvist, Bo Källstrand, Yngve Lundberg, Jan-Erik Olsson and Lars Westerberg have been proposed for re-election as regular Members of the Board. Arne Ögren and Hans G Forsberg have declined the opportunity for re-election. Hans Dalborg, Managing Director and Chief Executive Officer of the Nordic Baltic Holding Group (Merita-Nordbanken), has been proposed for election to the Board. Provided that the AGM approves the proposal, the intention is to use the inaugural Board Meeting following the AGM to appoint Hans Dalborg to the post of Chairman of the Board of AB Ångpanneföreningen. It is further proposed that emoluments to the Board shall amount to a total of SEK 550,000 to be divided by the Board among those members elected by the Annual General Meeting who are not employees of the company. It is proposed that remuneration to the auditors be settled in accordance with a special agreement. AB ÅNGPANNEFÖRENINGEN Corporate Information ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/02/20000502BIT00310/bit0001.doc http://www.bit.se/bitonline/2000/05/02/20000502BIT00310/bit0002.pdf