Annual General Meeting of Shareholders in Hufvudstaden 2004

Annual General Meeting of shareholders in Hufvudstaden 2004 Hufvudstaden held its Annual General Meeting today at the Grand Hôtel, Vinterträdgården, in Stockholm. The Meeting adopted the Board of Directors' proposal of a dividend of SEK 1.20 per share. The record date is Tuesday March 23, 2004 and the estimated date of dividend payment is Friday March 26, 2004. Fredrik Lundberg, Claes Boustedt, Bengt Braun, Peter Egardt, Mats Jansson, Hans Mertzig, Ivo Stopner and Bo Waldemarson were reelected to the Board of Directors and Anna Klingspor was elected as a new member. At the subsequent statutory meeting of the Board, Fredrik Lundberg was reelected as Chairman. The Meeting adopted the Board of Directors' proposal of a remuneration to the Board of SEK 1,125,000, to be distributed as the Board determines. The Meeting decided in accordance with the Board of Directors' proposal to grant the Board renewed authorization to to acquire and assign the Company's own shares. The Board has thereafter decided to utilize the authorization, making it possible to buy back the Company's own shares up to a maximum of 10 per cent of the total number of the issued shares. At present, the Company holds 2.4 per cent of the total number of issued shares. Stockholm, March 18, 2004 HUFVUDSTADEN AB (publ) Ivo Stopner Questions will be answered by: Fredrik Lundberg, Chairman of the Board, telephone +46 8 463 06 00 Ivo Stopner, President, telephone +46 8 762 90 00. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/03/19/20040318BIT00780/wkr0001.doc http://www.waymaker.net/bitonline/2004/03/19/20040318BIT00780/wkr0002.pdf