Annual General Meeting of Cloetta Fazer AB 2002

The Annual General Meeting of Cloetta Fazer AB held on Tuesday, 23 April 2002, voted in favour of the Board's proposed dividend of SEK 5 per share, of which SEK 1 comprises a bonus dividend (3.75). Total dividends amount to MSEK 87.7. Dividends are expected to be dispatched by VPC on 2 May 2002.

Furthermore, the AGM decided in favour of the Board's proposal to introduce an options programme for members of Group management and other senior executives, a total of sixty persons. The dilution effect upon full exercise of the share options corresponds to around 1.6 per cent of the share capital and around 0.6 of the voting rights.

Lennart Bohlin and Berndt Brunow were elected as new Board members and Eva Törnqvist as a new deputy Board member. Sitting members Carl G. Björnberg and Arne Håkansson and deputy member Kjerstin Svenfelt resigned from the Board. The other Board members and deputies were re-elected by the AGM.

In his address to the AGM, outgoing Managing Director Lennart Bohlin commented on operations during 2001 and the Group's development during the first quarter of 2002.

At the statutory Board meeting following the AGM, Anders Dreijer was elected as Chairman of the Board and Olof Svenfelt as Deputy Chairman.

The interim report for the period January-June 2002 will be published on 14 August 2002.

Ljungsbro, 23 April 2002

Cloetta Fazer AB (publ)
The Board of Directors