111,196,147 A shares were represented (96.3%) carrying voting rights and 66,436,747 were B shares (83.3%)

Hafslund ASA's annual accounts were presented and unanimously approved by the general meeting. The general meeting resolved that dividend corresponding to the Boards proposal of NOK 1,00 per share would be paid for 2003.

Upon proposition by the board of directors, the general meeting resolved to prolong the authority given the board of directors on the General Meeting on 5 May 2003 to acquire own B shares. The maximum nominal value of shares, which may be acquired in accordance with such authority, is NOK 19,522,344, corresponding to 10% of the company's share capital.

 

In accordance with the Boards proposal regarding the company's Nomination Committee the proposed new article of association in § 8 was approved.

The general meeting elected Ellen Christine Christiansen, Stig Grimsgaard Andersen and Mikael Lilius as board members for the period until the ordinary general meeting in 2005. Christian Brinch and Solveig Ekeberg were elected board members for the period until the ordinary general meeting in 2006.

 

An agreement has been made with the employee representatives to reduce their number of representatives from four to three with immediate effect. Kjersti S. Nystad, Per Orfjell and Jan Torstensen will continue to be the employee representatives.

 

The Boards remuneration was unanimously approved as proposed.

The general meeting elected Tapio Kuula and Even Wahr-Hansen as members of the Nomination Committee until the ordinary general meeting in 2006. Kjell O. Viland was elected as member of the Nomination Committee until the ordinary general meeting in 2005.

Oslo, 3 May 2004

 

For further information, please contact:
SVP Information and Public Affairs Frode Geitvik, tel. +47 958 43 933