New names on Vattenfall's Board of Directors

New names on Vattenfall's Board of Directors In addition to a new Chairman, Vattenfall AB elected three new members of the Board at the General Meeting of Shareholders on Thursday. "Vattenfall has in a short time come a fair way in developing a northern European energy company, several times larger and much more complex than previously. Vattenfall's European vision is based on the competence and values that Vattenfall stands for. A strong Vattenfall in the future creates the prerequisites for an efficient Swedish energy system, competitive prices and good environmental development." These were some of the points made by CEO Lars G Josefsson when he presented the Group's operations at Vattenfall's Annual General Meeting of Shareholders today. The meeting elected Dag Klackenberg as the new Chairman. Three new members of the Board were also elected; Peter Fallenius and Annette Brodin Rampe, and Vattenfall's President and CEO Lars G Josefsson. Dag Klackenberg, born 1948, is Director-General for Administrative Affairs at the Ministry for Foreign Affairs. He has worked within the Government Offices since 1974, among other things as IT Manager at the Ministry for Foreign Affairs. He is the founder of Akademibokhandeln, and the Chairman of Exlibris AB. His previous posts include that of Deputy Chairman of Seelig AB and member of the Board of Företagsuniversitetet. Peter Fallenius, graduate in economic and commercial sciences, born 1951, was Chief Financial Officer of the AGA Group from 1998-2000. From 1988-98 he was Vice President of the Swedish company ABB, with responsibility for Accounting, Finance, Control, IT, Traction and installation operations. Prior to that he held leading positions in ASEA AB and other companies. Previously a member of the Board of Celsius. Currently member of the boards of SJ AB and the European Institute of Japanese Studies, as well as the Academy of Engineering Sciences (IVA). Today he runs his own business. Annette Brodin Rampe, graduate engineer, born 1962, was President of Elbolaget i Norden from 1999-2000, formerly Lund Eastern Energi AB. From 1997-1998 she was President of Gullspångs Försäljnings AB and HemEl AB, and from 1995-1996 was Market Director of AB Skandinaviska Elverk. Prior to that she held various management posts within Exxon Chemical International Inc, Belgium. She has previously held a number of directorships within the electricity industry. She is currently a member of the boards of Posten AB, PEAB and Ruter Dam AB. She has been President of Senea AB since 2000. Former Chairman Gerhard Larsson and Board members Helge Eklund, Christina Striby and Lilian Fossum are leaving the Board of Directors. The General Meeting decided with regard to the company's profit brought forward, SEK 4 914 million, and the net profit for the year, SEK 3 362 million, totalling SEK 8 276 million, to pay a dividend of SEK 990 000 000 and to carry forward SEK 7 286 448 815.F From Vattenfall's Press Office, tel: 08-739 50 10. For more information, please contact: Karl-Erik Olsson, Director Media Communication, telephone +46 8 739 75 83. Vattenfall's vision is to be a leading European energy company. The Nordic region, Poland and Germany are its domestic markets. Today, Vattenfall generates power and supplies energy solutions to 2.2 million customers in the Nordic region and northern Europe. The largest electricity customers are industrial plants and energy companies. Vattenfall's main products are electricity, heat and natural gas, as well as network, consulting and maintenance services. Vattenfall's net sales in 2000 amounted to almost SEK 32 billion. Sales included 83 TWh electricity and 17 TWh heat. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/04/26/20040817BIT20820/wkr0001.pdf