Annual General Meeting Munters 2000

Annual General Meeting of Munters Board of Directors and Auditors At today's Annual General Shareholders' Meeting in Munters AB, the board members Berthold Lindqvist, Sören Mellstig, Bo Ingemarson, Sven Ohlsson, Anders Jagraeus, Lars Spongberg and Lennart Evrell were re-elected. At the subsequent Statutory Board Meeting, Berthold Lindqvist was appointed Chairman of the Board. Carl-Gustaf Gutberg and Gunnar Widhagen, authorised public accountants, were re-elected. As deputy auditors were re-elected Magnus Johansson and Magnus Röcklinger. All for a period of four years. Distribution of Dividend The Meeting confirmed the proposal by the Board and the Managing Director for a dividend of SEK 1.80 per share. The record date was set to May 3, 2000 and the dividend is expected to be distributed by VPC on May 8, 2000. Acquisition and Transfer of Own Shares The Meeting authorised the Board of Directors to decide upon the acquisition of the company's own shares according to the following. 1 Acquisition shall take place on the OM Stockholm Stock Exchange or through an offer directed to all shareholders of the company. 2 The authorisation may be utilised on one or several occasions prior to the next Annual General Meeting. 3 The number of acquired shares shall, at each time not exceed 10 percent of the total number of shares in the company. 4 Shares acquired on the OM Stockholm Stock Exchange shall be paid at the price quoted on the exchange at the time of the acquisition. Acquisition through an offer to the shareholders shall take place at the lowest valid exchange price and maximum 1,25 times the valid exchange price, at the time of offer. The object of the repurchase is to increase the scope of action of the Board of Directors in its work with the capital structure of the company and to cover the obligations of the company as proposed in the option scheme for leading officials. In addition, the repurchase will make it possible to use repurchased shares in the financing of future acquisitions. The Meeting further authorised the Board of Directors to sell the company's own shares prior to the next Annual General Meeting, in connection with the acquisition of a company or business, otherwise than on the OM Stockholm Stock Exchange. The authorisation may be utilised on one or several occasions and shall include all shares held by the company at the time of the board resolution, however, the obligations adopted by the Meeting as regards the option scheme shall be taken into account. The authorisation includes a right to decide upon a deviation from the shareholders' preferential right and a mode of payment other than through cash payment. Issue of Call Options and Transfer of Own Shares The Meeting decided to issue not more than 580,000 call options for re- purchased shares in the company and to transfer not more than 580,000 shares in the company in connection with an exercise of the call options, if any. Further, the following shall apply. 1 The exercise period shall be January 3, 2005-March 31, 2005. 2 The price per share (the exercise price) shall be SEK 145. 3 The options shall be paid at a market price calculated by Handelsbanken Investment Banking according to an evaluation method accepted by the market based upon an average of the last purchase price for the share on the OM Stockholm Stock Exchange during the period May 2-May 8, 2000. The right to purchase the options shall be granted the CEO of the group, the group management and some other officers and include minimum 5,000 and maximum 25,000 options for each person. The program comprises approximately 90 people. Notice of purchase shall be made from May 2-May 8, 2000. Transfer of shares shall be made only to those holders of the call options, who during the period from January 3, 2005-March 31, 2005 will call for such transfer. Stockholm April 27, 2000 Munters AB (publ) ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/27/20000427BIT00710/bit0001.doc http://www.bit.se/bitonline/2000/04/27/20000427BIT00710/bit0002.pdf