Fredrik Arp proposed as new Chairman of the Board for Nolato

Nolato’s current Chairman of the Board, Carl-Gustaf Sondén, has declined to stand for re-election at the 2009 Annual Meeting. The Nomination Committee will propose at the Annual Meeting that Fredrik Arp be appointed as the new Chairman of the Board, and that the other members of the Board be re-elected.

Fredrik Arp holds a Bachelor of Science in Economics and Ec. Doctor h.c. at Lund University. He is the Chairman of the Board of Hilding Anders AB and Senior Advisor – Nordic Region & Industrials for Candover, and has previously served as President and CEO of companies such as Volvo Car Corporation, Trelleborg AB and PLM AB.

Nolato’s Nomination Committee, which represents over 70 percent of the votes, is unanimous in its proposal.

The Annual Meeting will be held on April 27, 2009 in Grevie.