Annual General Meeting

Annual General Meeting of Bure: Dividend set at SEK 5.75 (5.50) 1:1 Bonus issue Gösta Wiking new Chairman Investment AB Bure's dividend for 1998 was today set at SEK 5.75. At the same time the AGM decided a 1:1 bonus issue via transfer of SEK 545.5M from the statutory reserve to share capital. Urban Jansson, Berthold Lindqvist and Peter Sandberg were elected Board Members. Gösta Wiking was elected Chairman. "In 1998, Bure's sales rose by 42 per cent with profit before financial income and expenses of SEK 832M. However, what was most important during the year was that we laid the platform for a focused Bure with operations primarily in the knowledge-based service sector," said Bure's President, Roger Holtback, in his opening statement to the Annual General Meeting. "Today, Bure can be regarded as a growth and knowledge company with the Nordic countries as the base but with international ambitions. In his speech, Roger Holtback repeated that the target is growth of 20-40 per cent for the years 1999-2000. Through its own asset management, planned divestments and issued credit promises, Bure has an opportunity to free-up SEK 4-5 billion to strengthen and speed-up growth in the four focused Business Areas: Bure Health Care, Bure IT, Bure InfoMedia, and Bure Training and Education. Bure's adopted dividend policy means that at least 5 per cent of net asset value, however at least SEK 5 per share, will be paid in dividend. The AGM decided that the dividend for the 1998 financial year be SEK 5.75. The record day is 29 March 1999. The Board of Directors' dividend policy is extended to apply also for the 1999 financial year. Jan Blomberg, Roger Holtback, Olle G P Isaksson, Maria Lilja and Gösta Wiking were re-elected as Board Members and Urban Jansson, Berthold Lindqvist and Peter Sandberg elected new Board Members. Gösta Wiking, Chairman of Mölnlycke Health Care and Deputy Chairman of SEB, was appointed new Chairman. In addition, the AGM decided to carry out a 1:1 bonus issue by transferring SEK 545.5M from the statutory reserve to share capital. In this way, better criteria are created for increased liquidity in the share. The measure also leads to an amendment of Para 4 of the Articles of Association in which the range of the share capital was increased to not less than SEK 545.5M and not more than SEK 2,182M. Record date for the bonus issue and the date on which the new shares will be traded on the stockmarket were set at Friday 23 April 1999. /continue/ The AGM also approved that the subsidiary, Udac, may issue 5-year convertible subordinated debentures for SEK 7.7M to all employees. In addition the AGM decided further amendments to the Articles of Association, which are caused by changes in the Companies Act. The changes refer to: Para 8 The term of office for Auditors is changed from 1 to 4 years. Notice of a General Meeting is extended with regard to number of newspapers and will be issued not earlier than six weeks and not later than four weeks prior to a General Meeting compared with currently four and two weeks, respectively. Issues to be discussed by the Annual General Meeting will be supplemented with approval of Agenda and adapted to the amendment of Para 8 regarding Auditors. The AGM decided, ahead of the 1999 Annual General Meeting, to set up a Nomination Committee consisting of 3 Members. Jan-Erik Erenius (AMF Pension), Peter Engdahl (Handelsbanken Aktiefonder) and Christer Mattsson )K P Pension och Försäkring) were elected Members of the Nomination Committee. Gothenburg, 24 March 1999 Investment AB Bure (publ) For further information please contact: Knut Leman, Director of Corporate Communications +46 31-335 76 75 Ulrika Stenson, Head of Investor Relations +46 31-335 76 51 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/03/24/19990324BIT00420/bit0001.doc http://www.bit.se/bitonline/1999/03/24/19990324BIT00420/bit0002.pdf