NovaCast Technologies AB (publ) Press release from annual general meeting 22 April 2010

NovaCast Technologies AB (publ) Press release from annual general meeting 22
April 2010

Three new Board members, new Chairman and new nominating committee elected at
NovaCast annual general meeting

Reduced costs and closer customer strategy expected to change development


During the annual general meeting NovaCast Technologies' CEO Hans Svensson
presented the main points in a program of measures aimed at changing development
in NovaCast.
Concentrated marketing strategies and customer strategies, reduced overhead, new
production management through newly established COO function, as well as notice
of dismissal for 35 persons are the main points in the program.  

The CEO presented 2009 year's result and reported about the new shares issue of
40 MSEK that was made during February 2010. After Authorized public accountant
Claes Thimfors presented the audit for the year, the annual general meeting
adopted the result and balance sheet and accepted the Board's proposal for
allocation of the result. No dividends were proposed. The annual general meeting
also discharged the Board from liability for 2009. 

The meeting decided that remuneration to Board members should be unchanged with
individual remuneration so that the Chairman of the Board receives 150.000 SEK
and the remaining members receive 100.000 SEK each. Remuneration to the
Nominating committee will remain unchanged, the Chairman will receive 10.000 SEK
and members will receive 5.000 SEK each.

The annual general meeting decided that the guidelines for remuneration to
senior executives should be kept in accordance with the Board's suggestions.


The Board

The annual general meeting decided on re-election of Board members Jan-Erik
Dantoft, Hans Wikman and Lars-Olof Strand, as well as election of Monica
Svenner, Hans Golteus and Sten Thunberg.  Hans Golteus was elected Chairman of
the Board. Bo Hedenström, member of the board since 2001and chairman since 2009,
had declined re-election. As CEO, Hans Svensson will be co-opted in the board.
For further information about members of the board visit www.novacast.se

The Nominating Committee for the coming year consists of Per Nordberg, chairman,
Rudolf Sillén and Jan-Erik Dantoft.

The annual general meeting was held at Näringslivets Hus in Stockholm on April
22, 2010.



For further information kindly contact CEO Hans Svensson, +46 705 652 250. Visit
our website www.novacast.se.