Lundbergs' Annual General Meeting

Lundbergs’ Annual General Meeting adopted on Thursday the Board of Directors’ motion that a dividend of SEK 6.00 per share be paid for the 2017 fiscal year. The record date for the dividend is April 16, 2018 and the dividend payment date is April 19, 2018.

Carl Bennet, Lilian Fossum Biner, Mats Guldbrand, Louise Lindh, Fredrik Lundberg, Katarina Martinson, Sten Peterson and Lars Pettersson were re-elected as Members of the Board. Mats Guldbrand was re-elected Chairman of the Board. KPMG AB was elected auditor for a term of office of one year.

The Meeting also resolved that director fees be paid in a total amount of SEK 2,430,000, of which SEK 810,000 is to be paid to the Chairman of the Board and SEK 270,000 to each other Member
of the Board, apart from the President. Furthermore, the Meeting adopted guidelines for remuneration to the executive management in accordance with the Board´s proposal.

In accordance with a motion from the Board, the Board was authorized to make decisions regarding the purchase of Series B Lundberg shares during the period up to the next Annual General Meeting. The shares are to be purchased on Nasdaq Stockholm, subject to the limit that Lundbergs’ holding of treasury shares may not exceed 10% of the total number of the Company´s shares.

In accordance with a motion from the Board, the Meeting resolved to amend the articles of association with regard to the limits on the Company’s share capital and number of shares, as well as on a bonus issue 1:1, through which the Company’s share capital is increased by SEK 1,240 million to SEK 2,480 million with a issuance of 48 million new Series A shares and 76 million new Series B shares. Each existing Series A share shall provide the right to one (1) new Series A share and each existing Series B share shall provide the right to one (1) new Series B share. Subsequent to the bonus issue, the total number of shares will amount to 248 million, of which 96 million are Series A shares and 152 million are Series B shares. The record date for the bonus issue is May 15, 2018.

During his address to the Meeting, Lundbergs’ President Fredrik Lundberg reported on the Company’s business trend.

It was also reported that on April 10, 2018 the net asset value after deferred tax amounted to SEK 600 per share, compared with SEK 608 per share on December 31, 2017.

Stockholm, April 12, 2018

L E Lundbergföretagen AB (publ)