Notification of AGM 2005

Shareholders in Hufvudstaden AB (publ) are hereby summoned to an Annual General Meeting, which will take place at 4pm on Thursday, March 17, 2005 at the Grand Hôtel, Vinterträdgården, Stockholm. The entrance is on the corner of Stallgatan and Blasieholmsgatan. Matters to be dealt with at the meeting/Proposed agenda 1. Opening of the meeting. 2. Election of a chairman for the meeting. 3. Drafting and approval of the voting list. 4. Election of persons to verify the minutes and to count the votes. 5. Approval of the agenda. 6. Examination of whether the meeting has been duly convened. 7. President's speech. 8. Presentation of the annual report and auditors' report as well as the consolidated accounts and auditors' report for the Group. 9. Decision regarding adoption of the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet included in the annual report. 10. Decision regarding appropriation of the Company's profit or loss according to the adopted balance sheet. 11. Decision regarding discharge from liability for the members of the Board and the President. 12. Determination of the number of Board members. 13. Determination of remuneration for the Board members and the auditors. 14. Presentation by the chairman of the positions held by the proposed Board members in other companies and election of the Board for the period up to the end of the next annual general meeting. 15. Decision regarding authorization of the Board to acquire and assign shares in the Company. 16. Closing of the meeting. Dividend The Board of Directors will propose at the Annual General Meeting an increase of the ordinary dividend to SEK 1.30 per share as well as an extra dividend of SEK 2.70 per share. The proposed total dividend thus amounts to SEK 4.00 per share. The Board proposes that the record date be March 22, 2005. If the proposal is approved at the meeting, it is estimated that the dividend will distributed, through VPC, on March 29, 2005. Determination of Board remuneration A remuneration to the Board of SEK 1,350,000 is proposed, to be allocated as the Board determines. Election of Board members A proposal will be presented at the Annual General Meeting that the following members be re-elected: Claes Boustedt, Bengt Braun, Peter Egardt, Mats Jansson, Anna Klingspor, Fredrik Lundberg, Hans Mertzig, Ivo Stopner and Bo Waldemarson. The proposals regarding remuneration and Board members are supported by shareholders representing more than 50 per cent of the shares and the votes. Information regarding auditors At the Annual General Meeting 2004, Bo Ribers was re-elected as auditor and Stefan Älgne as deputy auditor for a period of four years. They are both authorized public accountants. Proposal by the Board to authorize the Board to acquire and assign its own shares in the Company The Board has decided to present a proposal at the Annual General Meeting on March 17, 2005 that the Board be granted authorization for the period up to the next Annual General Meeting to acquire shares in the Company. Acquisition shall take place on the Stockholm Stock Exchange within the registered price range on each occasion between the highest bid price and the lowest selling price and subject to the provision that the Company's holding of its own shares shall at no time exceed 10 per cent of the total number of shares in the Company. The aim of the authorization is to allow the Board the opportunity to adjust the capital structure and in doing so create increased value for the Company's shareholders. The Board will also propose that the Board be granted authorization at the Annual General Meeting for the period up to the next Annual General Meeting to dispose of the Company's own shares in a manner other than through the Stockholm Stock Exchange as payment for or to finance the acquisition of a company or a property and thus, deviating from the shareholders' priority right, transfer shares to a certain person as payment for such an acquisition. Authorization can be exercised on one or more occasions and covers all the shares in the Company held by the Company. The rules laid down in Section 7, sub-sections 21-22 of the Swedish Companies Act shall be observed in this connection. Notification Shareholders who wish to attend the Annual General Meeting – must be registered in the shareholders' register kept by VPC AB (Swedish Securities Register Centre) by March 7, 2005, whereupon shareholders who have their shares under management must temporarily re-register their shares with VPC in their own name to be entitled to attend the meeting. Registration must be completed by March 7, 2005. – must notify the Company, address Hufvudstaden AB, NK 100, SE-111 77 Stockholm, or by telephone on +46 8-762 90 00 or fax on +46 8-762 90 01 or e-mail at anm@hufvudstaden.se no later than 4pm on Thursday March 11, 2005. Notification should include the name, civic registration number or company registration number, daytime telephone number and the names of any representatives. If participation is by virtue of a power of authorization, the power of authorization should be sent in and be received by the Company before the meeting. Powers of authorization, which should be originals, certificates of registration and other authorization documents, must be available at the meeting and ought to be sent to the company in advance to facilitate admission. The annual report and auditors' report, as well as the above proposal by the Board for authorization to acquire and dispose of the Company's own shares, are available at the Company from March 3, 2005. Stockholm, February 2005 Hufvudstaden AB (publ) Board of Directors