Notice of Annual General Meeting of Gränges AB on April 29, 1999

Due to the new and changed registration contract with the Stockholm Stock Exchange, Gränges AB is taking this opportunity to announce the contents of the Notice convening the Company's Annual General Meeting on April 29, 1999. For further information, please contact Magnus Wittbom, Legal Counsel, tel +46 8 459 59 64. Notice of Annual General meeting on April 29, 1999 The shareholders of Gränges AB (publ) are hereby invited to attend the Annual General Meeting of the Company on Thursday, April 29, 1999, at 3 p.m. in Nybrokajen 11, the former Musikaliska Akademien, Stockholm. Registration will commence at 2 p.m. Light refreshments will be served before the Meeting. Notice of participation, etc. Shareholders who wish to participate in the Meeting must be registered as shareholders in the printout of the share register provided by Värdepapperscentralen VPC AB ("VPC") on Monday, April 19, 1999, and must notify the Company of their intention to participate in the Meeting not later than 4 p.m. on Monday, April 26, 1999. Notice of participation should be communicated by mail to Gränges AB, Legal Department, Box 5505, SE-114 85 Stockholm, Sweden, by telephone to +46 8 671 12 12, or by fax to +46 8 470 85 60. In their applications, shareholders should state their personal name/corporate name, personal identity/corporate registration number, the address to which the admission card to the Meeting should be sent and telephone number. Proxies, registration certificates and other documents of authorisation to facilitate admission to the Meeting should be received by the Company at the above address by Monday, April 26, 1999, at the latest. The admission card to the Meeting should be received by shareholders by Tuesday, April 27, 1999. How to be recorded in the share register Gränges' share register is maintained by VPC. The shares in Gränges are recorded by VPC in either the owner's own name or in the name of a trustee. In addition to notifying the Company as stated above, shareholders must ensure that the shares are registered in their own name by April 19, 1999, in order to be eligible to participate in the Meeting. To ensure that shares registered in the name of a trustee are re-registered in the shareholder's own name prior to this date, shareholders should request their trustees to effect a temporary voting-right registration in sufficient time prior to April 19, 1999. Meeting agenda 1. Opening of Meeting, election of Meeting Chairman The President's address 2. Preparation and approval of the list of shareholders entitled to vote at the Meeting. 3. Election of two minutes-checkers to check the minutes of the Meeting jointly with the Chairman 4. Determination of whether the Meeting has been duly convened 5. Approval of the Agenda 6. Presentation of the annual reports and the auditors' reports for the Parent Company and the Group 7. Approval of the income statement and balance sheet for both the Parent Company and the Group 8. Adoption of the disposition to be made of the Company's profits or losses as shown in the balance sheet adopted by the Meeting, plus adoption of a record date for the dividend 9. Decision regarding the discharge of the members of the Board of Directors and of the President from personal liability for the fiscal year 10. Changes to Articles of Association 11. Decision regarding number of Board members and deputy Board members to be elected by the Meeting 12. Determination of the fees to be paid to Board members and auditors 13. Election of the members of the Board members and deputies 14. Election of the auditors 15. Other business to be addressed by the Meeting Proposals for decision by the Meeting Shareholders representing 25 percent of the total voting rights in the Company have given notice that they intend to support the following proposals in regard to the above agenda items at the Annual General Meeting: Item 11 Eight Board members and no deputy members. Item 12 Proposed total Board fee of MSEK 1.2 , to be distributed among the members elected by the Meeting who are not employees of the Company. The auditors' fee shall be paid in accordance with the invoices submitted. Item 13 The following Board members are proposed for reelection: Leif Johansson, Per- Olof Aronson, Leif Gustafsson, Arne Karlsson, Lars Trane, Mats Qviberg and Lars Westerberg. Company President Staffan Bohman is proposed for election as a new Board member. Subject to the Meeting voting in accordance with these proposals, the Board intends to appoint Leif Johansson Chairman of the Board. Item 14 The following auditors are proposed for re-election for the period up to the conclusion of the Annual General Meeting in year 2001: Åke Danielsson and Jörgen Lindqvist, with the following deputy auditors: Håkan Zadler and Lars Wennberg, all authorised auditors representing PricewaterhouseCoopers. Changes to Articles of Association (Item 10 above) As a result of the new regulations in the Swedish Companies Act that became effective on January 1, 1999, the Board proposes that the Company's Articles of Association be changed as follows: In §7 of the Articles, which relates to the election of auditors and deputy auditors, the text stating that they are elected annually at the Annual General Meeting should be deleted. In other respects, §7 remains unchanged. In §8, regarding notice of an Annual General Meeting, it shall be stated that this shall be given in the form of advertisements appearing in Post- och Inrikes Tidningar (Swedish Official Gazette) and in Svenska Dagbladet. In §9, it shall be stated that the final day for providing notice to attend an Annual General Meeting shall not be earlier than the fifth weekday before the Meeting. In other respects, §9 remains unchanged. In §11 of the Articles of Association regarding matters that shall be addressed by the Annual General Meeting, a new text, Approval of the Agenda, shall be included as item 5 and all subsequent items in this section shall be renumbered. Finally, the text in §11 item 11 shall be changed to read as follows: Election, should the occasion arise, of auditors and deputy auditors. The Board of Directors' proposed changes to the Articles of Association can be obtained in complete form from the Company upon request. Please call +46 8 459 59 00. Dividend The Board of Directors will propose that the Meeting approve payment of a dividend of SEK 3.75 per share. Tuesday, May 4, 1999, has been proposed as the date for shareholders of record to be entitled to receive the dividend. If the Meeting approves the Board's proposal, it is expected that dividend payments will be mailed by VPC on May 11, 1999. Stockholm, April 1999 BOARD OF DIRECTORS Gränges is an international industrial group focused on value-added products based on aluminium and plastics. The products range from extrusions, heat transfer material and foil to components and systems in plastics to the transport industry. The group is one of Europe leading companies within its field with customers in the transport, enginee-ring, construction and packaging industries. Gränges is quoted on the OM Stockholm Exchange "O- list". Visit Gränges web site on the Internet: www.graenges.se ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/04/06/19990406BIT00150/bit0001.doc http://www.bit.se/bitonline/1999/04/06/19990406BIT00150/bit0002.pdf