Communiqué from Hemköpskedjan AB's Annual General Meeting, May 11, 1999

Communiqué from Hemköpskedjan AB's Annual General Meeting, May 11, 1999 Dividend At the Annual General Meeting of Hemköpskedjan AB held today, the proposed shareholder dividend of SEK 2.60 per share was approved. The record date for payment of the dividend was set at Monday, May 17, 1999. Dividends are expected to be sent out from VPC on Tuesday, May 25, 1999. Board of Directors The Annual General Meeting re-elected board members Antonia Ax:son Johnson, Maria Curman, Göran Ennerfelt, Bo Lundquist, Marcus Storch and Håkan Thylén, and elected Håkan Matz, President and CEO-elect of Hemköpskedjan AB, to a first term. Nils-Erik Johansson, who will be retiring as President and CEO of the company on July 1, 1999, declined re-election. At the conclusion of the Meeting, the Chairman of the Board thanked Mr. Johansson for his service as a director on the company's board. At the statutory board meeting after the Annual General Meeting, Antonia Ax:son Johnson was named Chairman of the Board. Auditors Authorized Public Accountants Per Bergman and Ola Forsberg were re-elected as auditors of the company. Amendments to Articles of Association Amendments to the Articles of Association were adopted in order to adapt them to the new stipulations of the Swedish Companies Act, which took effect on January 1, 1999. Financial Calendar Interim report, 6 months July 27, 1999 Interim report, 9 months October 27, 1999 Year-end report February 2000 Falun, Sweden, May 11, 1999 HEMKÖPSKEDJAN AB ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/05/12/19990512BIT00150/bit0001.doc http://www.bit.se/bitonline/1999/05/12/19990512BIT00150/bit0002.pdf