Annual General Meeting in ContextVision

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Annual General Meeting in ContextVision

 On the 3rd of June 2010, ContextVision held its ordinary Shareholders Annual General Meeting in Stockholm.
- The annual financial report was presented and approved.

- Disposition of financial results according to the proposal of the Board of Directors was approved.

- The financial report and accounts of the Managing Director and Board of Directors were approved and adopted by the General Meeting.

- The managing director and the board of directors were discharged from liability by the General Meeting

- It was decided that a compensation of SEK 60.000 per year will be paid for serving as chairman of the board and SEK 50.000 per year serving as member of the board. The audit fee will be on current account.

- Magne Jordanger, Martin Hedlund, Erik Danielsen and Anita Tollstadius, were elected as members of the board. No deputy members were elected.

- As previously announced, Knut Brundtland has been appointed as a partner and CEO for ABG Sundal & Collier, a leading Nordic investment bank. Due to regulatory obligations related to his new position, Mr. Brundtland has to disengage from all board assignments, and has therefore left the board of ContextVision.

- Ernst & Young AB was reelected auditor.

- All decisions were unanimous.

- At a board meeting following election, Mrs. Anita Tollstadius was appointed to be the new chairman of the board.

For further information, please contact

Jan Erik Hedborg (CEO) tel +46 (0)8 7503550

e-mail: janerik.hedborg@contextvision.se