2006 Annual General Meeting of Cloetta Fazer AB (publ)

The Annual General Meeting of Cloetta Fazer AB (publ) held on Thursday, 20 April 2006, approved the Board’s proposed dividend of SEK 6.00 per share (6.00). The total amount to be distributed to the shareholders is SEK 144.7 million. The record date for payment of dividends is Tuesday, 25 April 2006. Dividends are expected to be disbursed by VPC AB (the Swedish Central Securities Depository) on Friday, 28 April 2006. The AGM re-elected sitting Board members Bengt Baron, Berndt Brunow, Hans Olof Danielsson, Anders Dreijer, Wilhelm Lüning, Olof Svenfelt and Meg Tivéus. Lennart Bylock was elected as a new Board member, while Lennart Bohlin retired from his seat on the Board. In his address to the AGM, Managing Director and CEO Karsten Slotte commented on operations in 2005 and the Group’s development during the first quarter of 2006. The AGM re-elected Anders Dreijer as Board Chairman. At the statutory meeting following the AGM, Olof Svenfelt was re-elected as Deputy Chairman. The Board has appointed a Remuneration Committee consisting of Anders Dreijer, Meg Tivéus and Wilhelm Lüning, and an Audit Committee consisting of Anders Dreijer, Bengt Baron and Olof Svenfelt. The AGM resolved on the following criteria for appointment of the Nominating Committee: that the Company shall have a Nominating Committee consisting of three members, of whom no more than one may be a member of the Company’s Board of Directors. The two largest shareholders in terms of voting power shall appoint one member each. These two representatives shall appoint a third member from among the members of the Board defined as independent according to the Swedish Code of Corporate Governance. The chairman of the Nominating Committee shall be appointed by and within the Committee, and may not be the Board Chairman. The names of the two appointed members and the shareholders they represent shall be made public not later than six months prior to the 2007 AGM. that if a member should leave the Nominating Committee before completing his or her duties, a replacement may be appointed by the same shareholder who has appointed the resigning member, if deemed necessary. that if circumstances should change during their term of office so that one or more of the shareholders who have appointed a member to the Nominating Committee is no longer among the two largest shareholders in terms of voting power, the composition of the Nominating Committee may be altered. that the Nominating Committee shall have the right to receive reasonable compensation from the Company for expenses arising from the evaluation and recruitment process. The members of the Nominating Committee shall receive no remuneration from the Company. that the Nominating Committee shall prepare recommendations on the following matters to be put before the 2007 AGM for decision: (a) recommendation for election of Chairman of the Meeting, (b) recommendation for election of Board members, (c) recommendation for election of the Board Chairman, (d) recommendation for fees to the Board of Directors, apportionment between the Chairman and other Board members and remuneration for committee work, (e) recommendation for election of auditors, (f) recommendation for remuneration to the Company’s auditors. The interim report for the period January – June 2006 will be published on 17 August 2006. Ljungsbro, 20 April 2006 Cloetta Fazer AB (publ) The Board of Directors