To the shareholders of Munters AB (publ) Notice of Annual General Meeting

Notice is hereby given that your attendance is requested at the Annual General Meeting of Munters AB which will be held at the Skandia Cinema, Drottninggatan 82, Stockholm, Sweden, on Thursday 21 April 2005, at 5 p.m.

Shareholders who wish to participate in the Annual General Meeting must be recorded in the register of shareholders maintained by the Swedish Securities Register Centre, VPC AB, no later than Monday, 11 April 2005, and must notify the company no later than 12 noon on Friday 15 April 2005 in writing to Munters AB, Box 430, SE-191 24 SOLLENTUNA, Sweden, by telephone +46 8 626 63 00, by fax +46 8 754 68 96 or by e-mail info@munters.se Shareholders who wish to be represented by a representative must submit a proxy. A person who represents a legal entity must enclose a copy of the registration certificate or a similar document which shows that he or she is authorised to sign for the company. To be entitled to participate at the Meeting, shareholders whose shares are registered in the name of a trustee must have their shares temporarily re-registered in their own name with VPC AB. Such re-registration must be implemented no later than Monday, 11 April 2005 and shareholders must, therefore, notify their trustees well in advance of that date. The full text of the notice can be found on www.munters.com Stockholm in March 2005 The Board of Directors MUNTERS AB (publ)