Annual General Meeting 2008 in BE Group AB

Annual General Meeting 2008 in BE Group AB

PRESS RELEASE
23 April 2008

The Annual General Meeting resolved as follows.

Election of Board Members
Carl-Erik Ridderstråle (Chairman), Roger Bergqvist, Cecilia Edström, Joakim
Karlsson, Lars Olof Nilsson and Lars Spongberg were re-elected as board members.

Fees
It was resolved that the total fees to the Board of Directors shall amount to
SEK 1,400,000, to be distributed among the board members as follows: SEK 400,000
to the Chairman of the Board and SEK 200,000 to each of the other board members
elected at the AGM. For work in the Audit Committee a total amount of SEK 80,000
shall be distributed as follows: SEK 40,000 to the Chairman and SEK 20,000 to
each of the other committee members. For work in the Remuneration Committee a
total amount of SEK 40,000 shall be distributed, which equals to SEK 20,000 to
each committee member.

Dividend
According to the proposal of the Board of Directors, the AGM resolved to declare
a dividend of SEK 3.50 per share. Monday, 28 April 2008 was determined record
day for the dividend.

Guidelines for Remuneration to Senior Executives
The AGM approved the proposal of the Board regarding guidelines for remuneration
to senior executives in accordance with the guidelines adopted at the Annual
General Meeting 2007. The guidelines principally entail that salaries and other
terms of remuneration to the management shall be in accordance with the market.
The bonus shall have a pre-determined cap and amount to a maximum of 50% of the
fixed remuneration.

Implementation of Share Savings Scheme 2008
The AGM approved the Board's proposal for the implementation of a share savings
scheme comprising maximum 430,000 shares in BE Group (”Share Savings Scheme
2008”), corresponding to 0.86 % of the total number of shares and votes in the
company. Approximately 30 employees of the group management and the management
teams of the business fields will be offered to participate in the Share Savings
Scheme 2008 and will thereby have the opportunity to acquire shares by private
means in BE Group (“Investment Shares”) at market price on the OMX Nordic
Exchange Stockholm up to an amount not exceeding 16% of the fixed gross annual
salary for 2008 of the respective participant. Provided that the Investment
Shares are kept during three years and the participant is still employed or
holds a similar position in the Group during this period of time, each
Investment Share will thereafter entitle to the receipt of a half share in BE
Group (“Matching
Share”), free of consideration. Participants in the Share Savings Scheme 2008
will be able to receive up to two additional Matching Shares for each held
Investment Share depending on the earnings trend in BE Group.

In order to enable BE Group's supply of Matching Shares according to the Share
Savings Scheme 2008 and to secure social security payments connected therewith,
the AGM further resolved to authorise the Board of Directors to resolve, on one
or several occasions, though not extending past the Annual General Meeting 2009,
on the acquisition and transfer of maximum 430,000 of the company's own shares
on the OMX Nordic Exchange Stockholm. To secure the supply of said Matching
Shares, the AGM finally resolved to transfer maximum 323,000 shares in BE Group.

Authorisation for the Board of Directors to transfer the company's own shares
according to the Share Savings Scheme 2007
In order to hedge social security payments relating to the Share Savings Scheme
2007, the AGM resolved to authorise the Board to resolve, on one or several
occasions, though not extending past the Annual General Meeting 2009, on the
transfer of maximum 32,500 of the company's own shares on the OMX Nordic
Exchange Stockholm in accordance with the proposal of the Board of Directors.

Authorisation for the Board of Directors to resolve on the acquisition and
transfer of the company's own shares
According to the proposal of the Board, the AGM resolved to authorise the Board
of Directors to resolve, on one or several occasions up the to Annual General
Meeting 2009, on the acquisition and transfer of the company's own shares in
order to enable the Board of Directors to adjust the capital structure of the
company and to be able to finance company acquisitions. The company's
acquisition of shares may not exceed 10% of the total number of shares in BE
Group from time to time, including shares acquired and held under the current
share savings schemes. Transfer of the company's own shares may take place as
payment of whole or part of the purchase price of company acquisitions and on
the OMX Nordic Exchange Stockholm in order to finance company acquisitions or
other transactions.

For additional information, please contact:
Carl-Erik Ridderstråle, Chairman of the Board of Directors +46 (0)705-22 07 56,
cridder@telia.com or Håkan Jeppsson, President and Chief Executive Officer +46
(0)705 50 15 17, hakan.jeppsson@begroup.com

BE Group, listed on the OMX Nordic Exchange Stockholm since November 2006, is
one of the leading trading and service companies in steel and other metals in
Europe. The company has about 10,000 customers, primarily within the
construction and engineering industries. BE Group provides service in the steel,
stainless steel and aluminium sectors. The company's sales in 2007 were SEK 7.7
billion. BE Group has approximately 1 000 employees in ten countries in northern
Europe, where Sweden and Finland are its largest markets. The head office is in
Malmö, Sweden. Read more about BE Group at www.begroup.com.