INVITATION TO THE ANNUAL GENERAL MEETING OF AAK AB (publ.)

The shareholders of AAK AB (publ.) are hereby invited to attend the Annual
General Meeting to be held on Wednesday May 11, 2016 at 2.00 p.m. at the
premises of Europaporten Kongresscenter, Stadiongatan 25 in Malmö, Sweden. The
registration for the Annual General Meeting starts at 1.00 p.m.
A.CONDITIONS FOR ATTENDANCE
Shareholders who wish to attend the Annual General Meeting must be recorded in
the Shareholders’ Register maintained by Euroclear Sweden AB on Wednesday May 4,
2016, and must also notify the company of their intention to attend the Annual
General Meeting not later than Wednesday May 4, 2016 at 4.00 p.m. The
notification of attendance, which may be made in accordance with any of the
alternatives specified below, shall state name, address, day-time telephone
number, personal or corporate identity number, and the number of shares held.
Shareholders who intend to bring assistance shall notify this within the same
time limits as for the notification of their own attendance. Shareholders
represented by an authorised representative should enclose a proxy in original
to their notification. A proxy form is available on the company website
www.aak.com and will be sent by post to shareholders notifying the company and
informing the company of their address. Representative of a legal entity shall
submit a copy of the registration certificate or corresponding papers of
authorisation evidencing the persons authorised to act on behalf of the legal
entity.
Address: AAK AB, c/o Euroclear Sweden AB, Box 191, SE-101 23 Stockholm, Sweden
(please mark the envelope “Annual General Meeting 2016”)
Telephone: +46 8 402 90 45
Website: www.aak.com
In order to participate at the Annual General Meeting, shareholders with nominee
-registered shares must request their bank or broker to have the shares
temporarily owner-registered with Euroclear Sweden AB. Such re-registration must
be executed no later than Wednesday May 4, 2016. The shareholders must therefore
notify the nominee of their request to have the shares re-registered in due time
before Wednesday May 4, 2016.
B. AGENDA
1. Opening of the Meeting.
2. Election of Chairman of the Meeting.
3. Preparation and approval of the voting list.
4. Approval of agenda.
5. Nomination of persons to verify the Minutes of the Meeting.
6. Determination of whether the Annual General Meeting has been properly
convened.
7.  Report by the Managing Director.
8.  Presentation of the Annual Report, the Auditor’s Report and the Consolidated
Financial Statements and the Group Auditor’s Report for the financial year 2015.
9.  Resolutions as to:
a) adoption of the Income Statement and the Balance Sheet and the Consolidated
Income Statement and the Consolidated Balance Sheet, as per December 31, 2015;
b) appropriation of the company’s profit according to the adopted Balance Sheet
and record day for dividend;
c) discharge from liability of the Board of Directors and the Managing Director.
10. Determination of the number of Directors of the Board.
11. Determination of fees to the Board of Directors and auditor.
12. Election of members of the Board of Directors and auditor.
13. Proposal regarding the Nomination Committee.
14. Proposal regarding guidelines for remuneration of senior executives.
15. Matter regarding share split.
16. Closing of the Annual General Meeting.
Election of Chairman of the Meeting (item 2)
The Nomination Committee has proposed that Melker Schörling shall be elected
Chairman of the Annual General Meeting 2016.
Proposal regarding the appropriation of the company’s profit (item 9 b)
The Board of Directors has proposed that a dividend of SEK 7.75 per share be
declared for the financial year 2015. As record day for the dividend, the Board
of Directors proposes Friday May 13, 2016. If the Annual General Meeting
resolves in accordance with the proposal, the dividend is expected to be
distributed by Euroclear Sweden AB on Wednesday May 18, 2016.
Proposal regarding the election of the Board of Directors, auditor and
determination of fees (items 10-12)
In respect of the Annual General Meeting 2016, the Nomination Committee consists
of Chairman Mikael Ekdahl (Melker Schörling AB), Henrik Didner (Didner & Gerge
Fonder), Åsa Nisell (Swedbank Robur fonder) and Lars-Åke Bokenberger (AMF).
The Nomination Committee has proposed the following:
-  The number of directors shall be six without any deputy directors.
-  The total fee payable to the Board of Directors shall be SEK 2,455,000
(including remuneration for committee work) to be distributed among the
directors as follows: SEK 650,000 to the Chairman and SEK 320,000 to each of the
other directors elected at a general meeting and not employed by the company.
Remuneration for committee work shall be payable as follows: SEK 250,000 to the
Chairman of the Audit Committee and SEK 125,000 to each of the other members of
the Audit Committee, SEK 100,000 to the Chairman of the Remuneration Committee
and SEK 50,000 to each of the other members of the Remuneration Committee. The
auditor shall be remunerated in accordance with agreement.
-  Re-election of the board members Melker Schörling, Ulrik Svensson, Arne
Frank, Märta Schörling, Lillie Li Valeur and Marianne Kirkegaard.
-  Re-election of Melker Schörling as Chairman of the Board.
-  Re-election of the accounting firm PricewaterhouseCoopers, for a period of
mandate of one year, consequently up to and including the Annual General Meeting
2017, whereby the accounting firm has informed that the authorised public
accountant Sofia Götmar-Blomstedt will continue as auditor in charge.
Proposal regarding the Nomination Committee (item 13)
Shareholders, jointly representing approximately 50.7 percent of the shares and
votes in the company as per February 29, 2016, have notified the company of
their proposal regarding Nomination Committee.
Proposal regarding Nomination Committee in respect of the Annual General Meeting
2017

  · The Nomination Committee shall have four members.
  · Re-election of Mikael Ekdahl (Melker Schörling AB), Henrik Didner (Didner &
Gerge Fonder) and Lars Åke Bokenberger (AMF) and new election of Leif Törnvall
(Alecta Pensionsförsäkring) as members of the Nomination Committee in respect of
the Annual General Meeting 2017.
  · Mikael Ekdahl shall be re-elected Chairman of the Nomination Committee.
  · In case a shareholder, represented by a member of the Nomination Committee,
is no longer one of the major shareholders of AAK AB, or if a member of the
Nomination Committee is no longer employed by such shareholder or for any other
reason leaves the Nomination Committee before the Annual General Meeting 2017,
the Committee shall be entitled to appoint another representative among the
major shareholders to replace such member.

Tasks of the Nomination Committee
Prior to the Annual General Meeting 2017, the Nomination Committee shall prepare
and submit proposals for the election of Chairman and other members of the Board
of Directors and auditor, the election of Chairman of the Annual General
Meeting, fees to the Board of Directors and auditor and matters related thereto.
Proposal regarding guidelines for remuneration to senior executives (item 14)
The Board of Directors proposes that the Annual General Meeting resolves on
guidelines for remuneration of senior executives, principally entailing that
salaries and other terms of remuneration of the management shall be competitive
and in accordance with market conditions. In addition to fixed salary, the
management may also receive variable remuneration with a pre-determined cap of
110 percent of the fixed annual salary based on the outcome of targeted results
on group level and in the individual area of responsibility, as well as other
benefits. In addition to said variable remuneration, incentive programmes
related to the share or share price can be resolved upon from time to time.
Pension benefits shall be either income or fee based or a combination of both,
with an individual pension age, however, not less than 60 years. On notice of
termination by a senior executive, a notice period of six months shall apply
without any right to severance pay. At dismissal by the company, the notice
period shall be twelve months with a possible right to severance pay with a
predetermined cap of maximum twelve months. The Board of Directors shall be
entitled to deviate from the guidelines if, in an individual case, there are
particular grounds for such deviation.
Matter regarding share split (item 15)
The shareholder Lars-Erik Persson has suggested that a matter regarding share
split shall be raised at the General Meeting.
C. AVAILABLE DOCUMENTS AND INFORMATION REGARDING NUMBER OF SHARES AND VOTES IN
THE COMPANY
The accounts and the auditor’s report (the annual report) and the complete
proposals of the Board of Directors with respect to item 9 b and 14 and all
related documents will be available to the shareholders at the company as from
Wednesday April 20, 2016. Copies of the documents will be sent on request to
shareholders who state their postal address and will also be available on the
company website www.aak.com and at the Annual General Meeting.
The total number of shares and votes in the company amount to 42,288,489. All
shares are of the same class.
D. INFORMATION AT THE ANNUAL GENERAL MEETING
The Board and the President shall at the Annual General Meeting, if a
shareholder so requests and the Board of Directors believes that it can be done
without significant harm to the company, provide information regarding
circumstances that (i) may affect the assessment of an item on the agenda, (ii)
circumstances that may affect the assessment of the company’s or its
subsidiaries’ financial position or information concerning (iii) the company’s
relation with other companies within the group.
Malmö in April 2016
AAK AB (publ.)
The Board of Directors
For further information, please contact:
Fredrik Nilsson
CFO
Phone: +46 40 627 83 34
Mobile: +46 708 95 22 21
The information is that which AAK AB (publ.) is obliged to publish under the
provisions of the Stock Exchange and Clearing Operations Act and/or the Trading
in Financial Instruments Act. The information was released to the media for
publication on April 1, 2016 at 09:30 a.m. CET.
AAK is a leading provider of value-adding vegetable oils & fats. Our expertise
in oils & fats within food applications, our wide range of raw materials and our
broad process capabilities enable us to develop innovative and value-adding
solutions across many industries – Chocolate & Confectionery, Bakery, Dairy,
Infant Nutrition, Food Service, Personal Care, and more. AAK’s proven expertise
is based on more than 140 years of experience within oils & fats. Our unique co
-development approach brings our customers’ skills and know-how together with
our own capabilities and mindset for lasting results. Listed on the NASDAQ OMX
Stockholm and with our headquarters in Malmö, Sweden, AAK has 19 different
production facilities, sales offices in more than 25 countries and more than
2,700 employees.
We are AAK – The Co-Development Company.