REPORT FROM ANNUAL GENERAL MEETING

REPORT FROM ANNUAL GENERAL MEETING

At today's Annual General Meeting of Höganäs AB, a dividend of SEK 10.00
per share with 6 May 2011 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 and Erik Urnes were
re-elected and Björn Rosengren was elected as new Director of the Board.
Anders G Carlberg was re-elected as Chairman of the Board of Höganäs AB.

Björn Rosengren is a board member of HTC AB and Danfoss A/S and Senior
Executive Vice President of Atlas Copco and Business Area President for
Construction and Mining Technique within Atlas Copco, and will in
September 2011 take up the position as Chief Executive Officer in
Wärtsilä Corporation.

In accordance with the proposal from the Election Committee, the Meeting
resolved on Directors' fees of SEK 2,350,000, with the Chairman of the
Board receiving

SEK 500,000 and other members elected by the Meeting but not employed by
the group each receiving SEK 250,000, and the remaining SEK 350,000
payable as remuneration for committee work with SEK 50,000 each to three
external Board members in the company's Remuneration Committee and with
SEK 100,000 to the chairman of the company's Audit Committee and with
SEK 50,000 each to two external Board members of the Audit Committee.

The Meeting re-elected the accounting firm KPMG AB, with authorised
public accountant Helene Willberg as auditor in charge, for the period
until the end of the Annual General Meeting 2012. It was also resolved
that the auditors shall be remunerated on current account.

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.

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.

 

In accordance with the proposal from the Board, the Meeting resolved to
authorize the Board to resolve on transfer of class B treasury shares to
hedge against potential cash flow effects of social security costs and
cash redemption under the employee stock option plans adopted by the
Annual General Meetings 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 and an Audit Committee with Anders G
Carlberg, Bengt Kjell and Erik Urnes as members.

Höganäs, 2 May 2011

THE BOARD OF DIRECTORS

 

This is information that Höganäs AB (publ) may be obligated to make
public according to the Swedish Securities Market Act and/or the
Financial Instruments Trading Act. The information was submitted for
publication at 17.00 pm on 2 May 2011