Annual General Meeting

Annual General Meeting Today's Annual General Meeting of Munters re-elected Berthold Lindqvist, Bo Ingemarson, Anders Jagraeus, Sören Mellstig, Sven Ohlsson and Lennart Evrell, and elected Lars Spongberg as Board Members. At the Inaugural Board Meeting, Berthold Lindqvist was elected Chairman. Authorized Public Accountants Carl-Gustaf Gutberg and Gunnar Widhagen were re- appointed as Auditors. Authorized Public Accountants Birgitta Samuelsson Cadstedt and Magnus Röcklinger were re-appointed as Deputy Auditors. Dividend The AGM fixed the dividend at SEK 1.00 per share in accordance with the proposal of the Board of Directors and the President. Friday May 8, 1998 was set as record day and it is expected that the payment will be remitted from the Securities Register Center, VPC, starting May 15, 1998. Nominating Committee Ahead of future Annual General Meetings, a Nominating Committee of four will be appointed, consisting of the Chairman of the Board and representatives of the Company's largest shareholders at December 31 of the respective year. The task of the Nominating Committee will be to put forward proposals relating to election of the Board of Directors and Auditors, and remuneration. Stockholm, May 5, 1998 Munters AB (publ) For further information, please contact: Henrik Hegardt, Head of Corporate Communication Tel: +46 8-626 63 00 Munters is the world leader in moisture control with products and services for dehumidification, humidification and cooling of air. Manufacturing and sales are carried out via the Group's own companies in 25 countries. At the year- end, there were 1,900 employees. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/05/06/19990819BIT00300/bit0001.doc http://www.bit.se/bitonline/1999/05/06/19990819BIT00300/bit0002.pdf