Convening for Annual General Meeting
To the shareholders of Vestas Wind Systems A/S
Pursuant to Article 4 of the Articles of Association, you are hereby convened
for the Annual General Meeting of Vestas Wind Systems A/S on
Thursday 26 April 2007 at 7.00 p.m. (CET)
at Radisson SAS Scandinavia Hotel, Margrethepladsen 1, 8000 Århus C, Denmark.
The agenda includes the following items:
1. Report from the Board of Directors on the Company's activities during the
past year.
2. Presentation of the annual report, and resolution to adopt the annual report.
3. Resolution on the application of profit or covering of loss according to the
approved annual report.
4. Resolution on the discharge of liability for the Board of Directors and the
Executive Management.
5. Election of members of the Board of Directors.
6. Appointment of auditors.
Proposals, if any, from the Board of Directors or the shareholders, including
proposals for authorisation of the Company to acquire treasury shares.
The Board of Directors proposes the following:
7.1 Amendment of Article 5 (2) of the Articles of Association so that the
agenda for the ordinary general meeting not will include an item regarding
decision to discharge the Board of Directors and Executive Management from
liability.
Amendment to ensure consistency of the other items of Article 5 (2) of the
Articles of Association.
7.2 Amendment of Article 8 (2) and Article 9 (1) of the Articles of Association
changing the term 'Executive Manager' to 'member of the Executive Management'.
7.3 Amendment of Article 10 (1) of the Articles of Association so that the term
'Executive Manager' is changed to 'member of the Executive Management', and that
two members of the Executive Management jointly can bind the Company.
7.4 Amendment of Article 11 (1) of the Articles of Association so that the
Company's annual report shall be audited by one or two audit firms.
7.5 The Board of Directors requests the authorisation of the general meeting for
the Company to acquire treasury shares up to a total nominal value of 10 per
cent of the value of the Company's share capital at the time in question, cf.
Article 48 of the Danish companies act, in the period up until the next annual
general meeting. The payment for the shares must not deviate more than 10 per
cent from the closing price quoted at the Copenhagen Stock Exchange at the time
of acquisition.
Any other business.
The agenda, the annual report for 2006 and the full wording of proposals to be
considered by the general meeting will be available for review by the
shareholders at the Company's registered office from 17 April 2007 to 26 April
2007 between 10.00 a.m. and 4.00 p.m. (CET).
The Company's share capital amounts to DKK 185,204,103 and is divided into
shares in the denomi-nation of DKK 1.00 and/or multiples thereof. One share (DKK
1.00) equals one vote.
Pursuant to Article 6 of the Articles of Association, shareholders wishing to
attend the general meeting shall order an admission card with VP Investor
Services, Helgeshøj Allé 61, P.O. Box 20, 2630 Taastrup, Denmark, (fax: +45 4358
8867) or via Vestas' homepage www.vestas.com no later than on 23 April 2007 at
4.00 p.m. (CET). Non-registered shareholders wishing to attend the general
meeting shall provide evidence of their title by presentation of a document of
title issued by the relevant shareholder's bank ("the account-holding bank").
The document of title must be issued no more than 14 days before the
shareholder's request for an admission card. Further, the shareholder shall
declare in writing that the shares are not and will not be transferred to a
third party before the general meeting has been held.
Randers, 28 March 2007
Vestas Wind Systems A/S
On behalf of the Board of Directors
Bent Erik Carlsen
Chairman
