Report from the Annual General Meeting of Broström AB on 3 May 2006

Broström held its Annual General Meeting at Lorensbergsteatern in Göteborg on Wednesday 3 May. The Annual General Meeting was well-attended with close to 600 persons present. CEO’s speech – Increased demand drives continued expansion Broström continues to expand on the markets where it is operating and 21 newbuildings will be added to the fleet. The expansion plays a part in order to meet the increasing demand for oil and chemical transports. In Europe the company is an important link in the export of Russian oil among others and in Asia it contributes to the fast-growing economies getting supply of energy crude material. This was the message in CEO Lennart Simonsson’s speech at Broström’s Annual General Meeting. “In 2005 we took many important steps forward in order to further develop our market positions both in Europe and Asia,” said Lennart Simonsson and pointed among others at a number of completed acquisitions and strategic co-operations. In his speech Lennart Simonsson also emphasized Broström’s way of operating on the market with contracts of affreightment as a basis and with a focused thinking on quality, safety and environment. “In 2006 both we and our customers will continue to meet a market in balance between supply and demand and which will be extremely sensitive to external disruptions. Our strategy, business model and the scope of our operation entail that we can offer the oil and chemical companies a high degree of reliability and predictability,” asserts Lennart Simonsson. Dividend The AGM approved and adopted a cash dividend of SEK 8.00 per share in accordance with the Board’s proposal. Record date will be Monday 8 May and payment is expected to take place through VPC on Thursday 11 May 2006. Election of Board of Directors Stig-Arne Blom, Peter Cowling, Carel van den Driest, Lars-Olof Gustavsson, Claes Lundblad, Leif Rogersson, Fredrik Svensson and Wilhelm Wilhelmsen were all re-elected. At the Board meeting following the AGM, Lars-Olof Gustavsson was re-elected Chairman of the Board. Acquisition and transfer of the company’s own shares The AGM approved the Board’s proposal regarding authorisation for the Board to decide on acquisition and transfer of the company’s own shares not exceeding ten per cent of all shares in the company. Alterations in the articles of association In order to adapt the company’s articles of association to the new Companies Act the AGM decided to approve the Board’s proposal. Authorisation of new share issue The Board’s proposal that the AGM authorises the Board of Directors, pursuant to the articles of association, without pre-emption rights for the shareholders, to decide on a new share issue of a total of 3,262,284 B-shares on one or more occasions, for a period until the forthcoming AGM, for a consideration of capital contributed in kind, was approved by the AGM. Next interim report for January - June 2006 will be published on 25 August 2006. Göteborg, 4 May 2006 BROSTRÖM AB (publ) Reference: Lennart Simonsson, CEO of Broström, tel. +46-31-61 61 00 More information about Broström can be found at www.brostrom.se.