Business transacted at Annual General Meeting and first meeting of the Board of Directors
Company Announcement No. 220, 2010 H+H International A/S Dampfærgevej 27-29, 4th Floor 2100 Copenhagen Ø Denmark Telephone: +45 35 27 02 00 www.HplusH.com 8 April 2010 Business transacted at Annual General Meeting and first meeting of the Board of Directors. The Annual General Meeting of H+H International A/S was held on Thursday 8 April 2010 at 3.00pm in accordance with the agenda in the notice of 18 March 2010 convening the Annual General Meeting. Jørgen Boe, lawyer, was elected as chairman of the meeting. The report on the Company's activities in the past year was received by the shareholders in general meeting. The shareholders in general meeting adopted the audited annual report for 2009 and passed the resolution proposed by the Board of Directors of the loss after tax for 2009, DKK 230.8 million, to be carried forward to the next financial year, and that there shall be no payment of dividend. The Board of Directors and the Executive Board were discharged with respect to the performance of their obligations. The shareholders in general meeting passed a resolution granting the Board of Directors authority to acquire own shares up to a total nominal value of 10% of the Company's share capital at a price that must not deviate by more than 10% from the price quoted at the time of such purchase. The authority was granted for the period until the annual general meeting in 2011. The shareholders in general meeting passed the proposal by the Board of Directors for the remuneration of the Board of Directors for the 2010 financial year. The shareholders in general meeting passed all amendments to the Articles of Association as proposed by the Board of Directors. The shareholders in general meeting passed the proposal by the Board of Directors for overall guidelines for incentive pay to the Executive Board. As proposed by the Board of Directors, the shareholders in general meeting re-elected Anders C Karlsson and Henrik Lind and elected Stewart A Baseley, Asbjørn Berge, Heine Dalsgaard and Pierre-Yves Jullien as new members to the Board of Directors. As proposed by the Board of Directors, KPMG Statsautoriseret Revisionspartnerselskab was re-appointed as the Company's auditor. The shareholders in general meeting resolved that the chairman of the meeting be authorised to carry out the statutory notification to the Danish Commerce and Companies Agency of resolutions adopted by the shareholders in general meeting and to make such amendments and additions to the adopted resolution, in the Articles of Association and other matters, as may be required by the Danish Commerce and Companies Agency for implementation of registration of the adopted resolutions. At a meeting of the Board of Directors held immediately after the Annual General Meeting, the Board of Directors elected Anders C Karlsson as its chairman and Asbjørn Berge as deputy chairman. Anders C. Karlsson Chairman of the Supervisory Board Hans Gormsen CEO For additional information please contact: CEO Hans Gormsen or CFO Niels Eldrup Meidahl on telephone +45 35 27 02 00 This is a translation of the company's announcement in Danish. In case of inconsistency between the Danish text and this English translation, the Danish text shall prevail.