Release from Annual General Meeting of Hemtex AB

Hemtex’s Annual General Meeting in Borås yesterday passed the following resolutions, among others:

Adoption of income statements and balance sheets, and of dividend The income statements and balance sheets were adopted and the Board of Directors’ motion regarding a dividend of SEK 2.35 per share was approved by the Meeting. Director fees The Meeting resolved that the fees to be paid to Members of the Board would total SEK 1,000,000 for the period extending until the next Annual General Meeting, whereby the Chairman of the Board would receive SEK 280,000 and other Members of the Board would receive SEK 120,000 each. Board Members Leif Larsson, Ingemar Charleson, Bodil Eriksson, Lars Nilsson, Louise Nilsson and Helena Skåntorp were re-elected to the Board. Hans Anderson (1953), Graduate Business Administrator from Lund University, was elected to the Board. Hans Anderson is Chairman of the Board of GEKÅS i Ullared AB and of Fashion One Luxembourg SARL, and Member of the Board of the German-Swedish Chamber of Commerce. He had previously been active within Hennes & Mauritz for an extensive period, notably as Head of the company’s in Germany from 1994 to 2005. Leif Larsson was re-elected Chairman of the Board. Nomination Committee The Meeting resolved to adopt the principles for the appointment of members of the company’s Nomination Committee and other principles for the Nomination Committee, in accordance with a motion submitted by the Nomination Committee. The adopted principles for the election committee are available on www.hemtex.com. Amendments to the Articles of Association The Meeting resolved, in accordance with a motion from the Board of Directors, to amend the Articles of Association in order to align them with the new Swedish Companies Act, which became effective on January 1, 2006. The Articles of Association adopted by the Annual General Meeting are published on the company’s website under Investor Relations and Corporate Governance. Acquisition of Hemtex stores The Meeting resolved, in accordance with a motion from the Board of Directors, to approve the acquisition of two Hemtex stores from Member of the Board Lars Nilsson. The stores are in Karlstad and are currently operated within the framework of the Hemtex franchise system. Hemtex AB will take over the stores on October 1, 2006. President Anders Jansson’s address to the Meeting is available on the Hemtex website.