PROPOSAL FOR ELECTION OF BOARD OF DIRECTORS OF HÖGANÄS AB

The Nomination Committee appointed in advance of the 2004 Annual General Meeting of Höganäs AB, consisting of Ulf G Lindén (Chairman of Lindéngruppen AB), Tomas Nicolin of the Third National Pension Fund, Peter Rudman of Nordea’s Funds and Henrik Didner of Didner & Gerge Funds, has decided to recommend that this year’s Annual General Meeting elect Jenny Lindén Urnes as a new AGM-elected full member of the Board of Directors of Höganäs AB in succession to Jacob Palmstierna, who will be retiring by reason of age at the 2004 Annual General Meeting.

Otherwise the Nomination Committee recommends that the composition of the Board remain unchanged, i.e. that Ulf G Lindén, Per Molin, Bernt Magnusson, Hans Mivér, Claes Lindqvist, Magnus Lindstam and Agnete Raaschou-Nielsen be re-elected.

This proposal is supported by shareholders representing more than 50% of the total votes in Höganäs AB.

Ms Lindén Urnes was born in 1971 and gained a Bachelor of Arts degree in philosophy at Heythrop College, University of London, in 1995. She is a member of the Board of Directors of AB Wilh. Becker and of the boards of AB Wilh. Becker’s major international subsidiaries. She is also Chairman of the Board of the Färgfabriken Foundation, a center for contemporary art and architecture in Stockholm.

Höganäs, 26 March 2004

Claes Lindqvist;
President and Chief Executive Officer