Gunnebo Industrier AB Annual General Meeting

At the Annual General Meeting (AGM) of Gunnebo Industrier AB held on April 27, 2006 shareholders approved the Board’s proposal that a dividend of SEK 3.50 per share - giving a total of some MSEK 30.7 - should be paid. It was agreed that May 3, 2006, should be the date of record for entitlement to dividend. It is expected that the dividend will be paid via the VPC on May 8, 2006.

Bjarne Holmqvist, Mikael Jönsson, Sten Langenius, Malin Alfredson, Carl-Gösta Ekström and Göran Danielsson were re-elected to the Board. The AGM elected Bjarne Holmqvist to be Chairman of the Board. It was resolved that the Board fee should remain unchanged at SEK 750,000 in accordance with the Nomination Committee’s proposal, of which SEK 250,000 should be paid to the Chairman. Over and above this SEK 100,000 shall be paid for committee work as allocated at the discretion of the Board. The AGM decided that the Nomination Committee should consist of representatives of the three largest shareholders on September 30, 2006. Until that date, the sitting Nomination Committee will remain in office. The Chairman of the Board shall convene meetings. The Nomination Committee is to submit, among other things, nominations for membership of the Board and a proposal for the Board fee to the 2007 AGM. The AGM also resolved in favour of the Board’s proposed amendments to the company’s articles of association mainly to the effect that the articles should be harmonised with the new Companies Act that came into effect on January 1, 2006, and that certain superfluous provisions should be removed. PricewaterhouseCoopers have already been elected to serve as auditors until the 2008 AGM. Extracts from the President’s address to the AGM: Christer Lenner, Gunnebo Industrier’s President and CEO, opened his address to the AGM by commenting on the enthusiasm, great expectations and sense of privilege he felt in connection with the Group’s return to the Stockholm Stock Exchange with its own listing. He then commented on Gunnebo Industrier’s very strong performance in 2005 with sharply improved results, including organic growth of 12%, compared with the industry average of 2-3%, increases of more than 20% in the order intake and invoiced sales, and increases of some 50% in the operating result and earnings per share. There was strong growth on its various markets, with North America coming in best with growth of 33%. Lenner also referred to the first-class job done by the company’s employees during the year. The financial targets for 2006 had been revised, he explained, with the target for the operating margin being raised from 8% to 10% in accordance with a decision by the Board. Lenner then went through the interim report for the first quarter of 2006. He observed that the pattern of results from 2005 had continued with invoiced sales up by 30%, and an improvement of 74% in the operating result in relation to the same period in 2005. In this connection he gave an account of the Group’s various business areas and of the newly started company in Romania that is to focus on south-eastern Europe. In conclusion, Lenner touched on the prospects for 2006. The assessment is that the result will be significantly better than for 2005, that the company’s prospects appear bright, and that the positive trend would continue. Finally, Christer Lenner explained, among other things, that priority would be given to strategic acquisitions and that Gunnebo Industrier is well placed to manage further growth. Gunnebo, April 27, 2006