The Board of Directors proposes that the 2008 Annual General Meeting authorises the Board of Directors to make a resolution regarding the issue on one or more occasions in the intervening period up until the next Annual General Meeting of a maximum of 1,500,000 class B shares as a cash issue and/or on an "issue in kind" basis or "set-off issue" basis, or with other conditions attached, and, by so doing, to disapply the practice of affording preferential rights to shareholders.
The purpose of this authorisation is to enable the Board of Directors to pay all of or part of the purchase price of any new acquisition in the form of shares in the Company and /or by placing the shares issued with institutional investors against cash payment, to use the liquid funds thus generated to finance all of or part of the cost of the acquisition.
A valid resolution requires approval of shareholders representing at least two-thirds of the shares and number of votes represented at the Meeting.
Stockholm, 9 April 2008
AB ÅNGPANNEFÖRENINGEN (publ)
The Board of Directors