Setra’s Annual General Meeting

Setra Group AB (publ) held its Annual General Meeting at the head office on Gårdsvägen 18 in Solna on 21 April. The AGM determined the dividend, elected Board members and authorised the Board to issue new shares at its discretion for possible future acquisitions.

Dividend

The Annual General Meeting set the dividend at SEK 2.50 per share. The record date for the dividend is 24 April 2008.

Board of Directors

The Annual General Meeting re-elected Board members Hans Karlander, Almar Burvall, Lars Gabrielsson, Lars Holmgren, Anna-Greta Lund and Gunnar Olofsson and elected a new member, Eva-Britt Gustafsson. Former Board member Tommy Nilsson declined re-election. Hans Karlander was re-elected as Chairman of the Board.

Authorisation to issue new shares for possible future acquisitions

The Annual General Meeting authorised the Board to issue new shares at its discretion on one or more occasions until the next AGM with or without observing the shareholders’ preferential rights. The share capital may be increased by a total of 10% based on the number of shares at the time of the AGM. This authority also covers the right to decide on a non-cash issue or to allow shares to be subscribed for by exercising a right of setoff. The reason for setting aside shareholders’ preferential rights is to enable the implementation of directed issues for acquisitions of all or part of other companies or operations, or for the procurement of capital for such acquisitions.