Business transacted at Annual General Meeting and first meeting of the Supervisory Board

Company Announcement No. 170, 2008

H+H International A/S
Dampfærgevej 27-29, 4th Floor
2100 Copenhagen Ø
Denmark
Telephone: +45 35 27 02 00
www.HplusH.com

16 April 2008


Business transacted at Annual General Meeting and first meeting of the
Supervisory Board 

The Annual General Meeting of H+H International A/S was held on Wednesday 16
April 2008 at 3.00pm at Charlottehaven, Hjørringgade 12C, Copenhagen, Denmark. 

Steen E. Christensen, lawyer, was elected as chairman of the meeting.

The report on the Company's activities in the past year was received by the
shareholders in Annual General Meeting. 

The shareholders in Annual General Meeting adopted the annual report for 2007
and passed the resolution proposed by the Supervisory Board for distribution 
of profit for the year, including dividend of DKK 30 per share of nominally 
DKK 100. The Supervisory Board and the Executive Board were discharged with 
respect to the performance of their obligations. 

The shareholders in Annual General Meeting passed a resolution granting the
Supervisory Board authority to acquire treasury shares up to a total nominal
value of 10% of the Company's nominal share capital at a consideration that
must not deviate by more than 10% from the market price quoted at the time of
such purchase. The authority was granted for the period until the Annual
General Meeting in 2009. 

The shareholders in Annual General Meeting passed the resolution proposed by
the Supervisory Board that the annual remuneration of the Supervisory Board for
the 2008 financial year shall be DKK 200,000 for each ordinary member of the
Supervisory Board and DKK 500,000 for the chairman of the Supervisory Board.
The remuneration shall be paid proportionately quarterly in arrears. In the
event of a member retiring or the chairman retiring from or joining the board,
the remuneration of the person in question shall be determined proportionately.
Furthermore, at its last meeting in 2008, the Supervisory Board may recommend
that special remuneration be paid to Supervisory Board members who contributed
an effort in 2008 above and beyond the normal Supervisory Board work, such as
participation in work-intensive ad hoc working groups appointed by the
Supervisory Board. Such special remuneration shall be subject to approval at
the Annual General Meeting in 2009. 

The shareholders in general meeting resolved that the Company's B share capital
be reduced by DKK 7,000,000 from DKK 92,000,000 to DKK 85,000,000. The DKK
7,000,000 reduction, equivalent to 6.03% of the Company's total share capital
of DKK 116,000,000, will be effected by cancellation of part of the Company's
holding of own B shares, nominally DKK 7,000,000 in total, consisting of 70,000
B shares with a nominal value of DKK 100 each. After the reduction of the share
capital, the Company's share capital will be DKK 109,000,000, divided into an A
share capital of DKK 24,000,000 and a B share capital of DKK 85,000,000. The
shareholders in general meeting resolved at the same time to amend Article 2(1)
of the Company's Articles of Association with effect from the implementation so
that it reads as follows: 

 ”The share capital of the Company is DKK 109,000,000 divided into an A share
capital of DKK 24,000,000 and a B share capital of DKK 85,000,000. The
Company's B share capital has been admitted for listing on OMX Nordic Exchange
Copenhagen A/S, and the B shares are registered with VP Securities Services.” 

The shareholders in general meeting adopted "Overall guidelines for incentive
pay to the Supervisory and Executive Boards, April 2008”, which formed Appendix
1 to the agenda. A new Article 19, reading as follows, will consequently be
incorporated in the Articles of Association: 

“Overall guidelines for incentive pay:
Article 19 The Company has laid down overall guidelines for incentive pay to
the Company's Supervisory and Executive Boards. The guidelines were adopted at
the Company's Annual General Meeting and (are#) published on the Company's
website.” 

The existing Articles 19 to 22 of the Articles of Association will be
renumbered accordingly. 

The shareholders in general meeting elected the following eight members to the
Supervisory Board: 

Re-elected:
- Kresten Andersen Bergsøe
- Christian Harlang
- Anders C. Karlsson
- Henrik Lind
- Lars Bredo Rahbek

Elected:
- Morten Amtrup (44)
Director of Morten Amtrup Holding ApS and consolidated companies. 

- Peer Munkholt (53)
Senior Investment Manager, IFU, the Industrialisation Fund for Developing
Countries. Supervisory board memberships: Agrileasing A/S, Allervej 130 A/S,
Flexa Invest ApS, Hold Co A/S, OOO Rockwool North (Russia) and ZAO Mineral Wool
(Russia). 

- Lars Adam Rehof (50)
External lecturer, University of Copenhagen. Former member of the Supervisory
Board of H+H International A/S from 2001 to 2002. Chairman of the supervisory
board of Enkefru Plums Støttefond, which is a partner in Henriksen og Henriksen
I/S, which holds all A shares in H+H International A/S. Supervisory board
memberships: Enkefru Plums Støttefond (chairman). 

Jørgen Ajslev and Bjarne Olesen did not seek re-election.

KPMG Statsautoriseret Revisionspartnerselskab and Kresten Foged
Statsautoriseret Revisionsaktieselskab were appointed as the Company's
auditors. 

At a meeting of the Supervisory Board held immediately after the Annual General
Meeting, the Supervisory Board elected Anders C. Karlsson as its chairman. 


Anders C. Karlsson
Chairman of the Supervisory Board

Hans Gormsen
CEO


For additional information please contact:
Hans Gormsen, CEO, or Martin Busk Andersen, CFO, on telephone +45 35 27 02 00

This is a translation of the company's announcement in Danish. In case of
inconsistency between the Danish text and this English translation, the Danish
text shall prevail.