Report from annual general meeting

Report from annual general meeting

At today's Annual General Meeting of Höganäs AB a dividend of SEK 3.00 per share
with 29 April 2010 as record date was resolved in accordance with the proposal
from the Board of Directors. 
 
The present Directors Anders G Carlberg, Alrik Danielson, Peter Gossas, Urban
Jansson, Bengt Kjell, Jenny Lindén Urnes, Bernt Magnusson and Erik Urnes were
re-elected. Anders G Carlberg was re-elected as Chairman of the Board of Höganäs
AB. 

In accordance with the proposal from the Election Committee, the Meeting
resolved on an unchanged Directors' fees of SEK 2,100,000, with the Chairman of
the Board receiving SEK 450,000 and other members elected by the Meeting but not
employed by the group each receiving SEK 225,000, and the remaining SEK 300,000
payable as remuneration for committee work with SEK 50,000 each to two external
Board members in the company's Finance Committee and with SEK 100,000 to the
chairman of the company's Auditors Committee and with SEK 50,000 each to two
external Board members of the Auditors Committee, whereas no remuneration is to
be paid for work in the Remuneration Committee.

The Meeting approved the proposal from the Election Committee that the company
shall have an Election Committee comprising of one representative of each of the
four largest shareholders in terms of number of votes and the Chairman of the
Board, being convener. Moreover, the Election Committee shall have the
possibility to appoint one additional member from the Board. 

The principles for remuneration and other employment terms for senior executives
were approved according to the proposal from the Board. The principles are based
on the principles previously applied for remuneration to senior executives, with
the main amendment being that the Board was authorized to resolve on incentive
plans for employees, including the senior executives, regarding long term
performance related remuneration, the outcome of which shall be dependent on
satisfaction of pre-determined objectives.

 
In accordance with the proposal from the Board, the Meeting resolved to
authorize the Board to resolve on acquisition and transfer of class B treasury
shares to ensure delivery of shares and make possible a hedge against potential
cash flow effects of social security costs and cash redemption under the
employee stock option plans adopted by the Annual General Meeting in 2007 and
2009.

At the subsequent statutory meeting of the Board it was resolved to appoint a
Remuneration Committee with Anders G Carlberg, Bengt Kjell and Jenny Lindén
Urnes as members, an Auditors Committee with Anders G Carlberg, Bengt Kjell and
Erik Urnes as members and a Finance Committee with Alrik Danielson, Urban
Jansson and Bernt Magnusson as members.

Höganäs, 26 April 2010

HÖGANÄS AB (publ) 


THE BOARD OF DIRECTORS

This is information that Höganäs AB (publ) is obligated to make public according
to the Swedish Securities Exchange and Clearing Operations Act and/or the
Financial Instruments Trading Act. The information was submitted for publication
at 17.00 on 26 April, 2010

Höganäs AB is the world's leading producer of iron and non-ferrous metal
powders. The company has developed deep application competence based on a strong
vision of powder's possibilities to enhance efficiency and reduce resource
consumption and environmental impact in a number of areas. In cooperation with
its customers, Höganäs can thus contribute in a wide range of applications such
as the creation of future automotive components and white goods, and in water
treatment and emission control.  The company, which was established in 1797,
reported net sales of MSEK 4 571 for 2009 and is listed on Nasdaq OMX
Stockholm's Mid Cap segment. www.hoganas.com