News release from the Annual General Meeting of AB Lindex

AB Lindex held its Annual General Meeting in Göteborg on Tuesday 20 December. The AGM adopted the profit and loss accounts and balance sheets. It also approved the Board of Director’s proposal that no dividend should be paid but that a redemption procedure should be implemented instead. In addition, the AGM approved the Board’s proposal for a share split 6:1 with a compulsory redemption procedure. This procedure means that every share will be split into five ordinary shares and one redemption share. After the implemented split, the shareholders will receive SEK 40 for every redemption share whereby SEK 550M will be distributed to the shareholders. The redemption involves a reduction of the company’s shareholders’ equity by SEK 5.5M. In order to simplify and accelerate the process of this reduction, the AGM also passed a resolution to issue 13,750,000 subordinated shares to Mangold Fondkommission AB, each for a nominal value of SEK 0.40 and to redeem these shares for an equivalent amount revalued with an interest factor. The AGM also passed a resolution to reduce the statutory reserve by SEK 235M through a transfer to a non-restricted reserve which is at the disposal of the Annual General Meeting. After implementation of the aforementioned resolutions, the company’s shareholders’ equity will amount to SEK 27,500,000 and the number of issued shares to 68,750,000. Christer Gardell, Conny Karlsson, Bengt Larsson, Lars Otterbeck, Nora Förisdal Larssen and Lars Förberg were re-elected as Board Members of AB Lindex. Susanne Rosberg, born in 1957, was elected Board Member. She is an MBA graduate of the Stockholm School of Economics and runs her own retail management consultancy. Before that, she was a member of the group management of Åhléns AB. Susanne Rosberg is a board member of Granngården AB and Fujifilm Sverige AB. She owns no shares in the company. Kicki Olivensjö leaves the Board as she is now employed by the company as its Purchasing Director. Christer Gardell was re-elected as Chairman. The employees have appointed Karin Larsson and Rigmor Lindbäck, HAF, as Board Members. Alice Eriksson, HAF, and Rune Lindstrand, HTF, have been appointed as Deputy Board Members. Remuneration of the Board of Directors was set at SEK 1,900,000 and will be distributed between the Board Members according to the following structure: The Chairman SEK 400,000, the other Board Members elected by the AGM SEK 200,000 each and SEK 300,000 will be distributed by the Board of Directors for committee work. The AGM decided to appoint a Nomination Committee consisting of not less than three and not more than four members represented by the largest shareholders. The task of the Nomination Committee is to prepare and submit proposals to the company’s shareholders for the election of a Chairman of the Annual General Meeting, Board Members, the Chairman of the Board of Directors and an Auditor as well as for the remuneration of the Board of Directors and the Auditors. The Nomination Committee shall comply with what is stipulated in the Company Governance Code and what rests upon them. The President Göran Bille’s, speech at the AGM is available on Lindex’s website: www.lindex.com. AB Lindex (publ) For further information, please contact: Peter Andersson, Chief Financial Officer, AB Lindex Telephone: +46 (0)31-739 50 10 Mobile: +46 (0)705-84 44 37