Nomination Committee for Gunnebo Industrier AB

Gunnebo Industrier AB has decided that the company should have a Nomination Committee consisting of one representative of each of the three largest shareholders as of September 30 each year together with the Chairman of the Board.

As the third largest shareholder, IF Skadeförsäkrings AB has waived its right to be represented, the fourth largest shareholder, Handelsbanken Fonder, will be represented on the Nomination Committee instead. In accordance with this decision, it is hereby announced that the Nomination Committee will consist of the following individuals, who will develop a proposal for the composition of the Board of Directors that will be presented for consideration at the 2006 Annual General Meeting. The members of the Nomination Committee are: Bjarne Holmqvist, Chairman of the Board of Gunnebo Industrier AB Nils-Olov Jönsson, Vätterledens Invest AB Martin Svalstedt, Stena Adactum AB Joachim Spetz, Handelsbanken Fonder AB The role of the Nomination Committee, on behalf of the company’s shareholders, is to submit to the Annual General Meeting the names of candidates to serve as members of the Board and as external auditors. The Nomination Committee also proposes the fees to be paid to the members of the Board. As of September 30, 2005 Vätterledens Invest represents 23.40% of the votes, Stena Adactum AB 13.58%, and Handelsbanken Fonder 4.61%. The Annual General Meeting of Gunnebo Industrier AB will be held on Thursday, April 27, 2006 at Bryggaren in Västervik, Sweden. Shareholders who wish to nominate candidates for election to the Board of Gunnebo Industrier, should contact the Nomination Committee at valberedningen@gunneboindustries.com or write to Gunnebo Industrier AB, Attn: Nomination Committee, 590 93 Gunnebo, Sweden.