Report from the AGM of Alfa Laval AB

The Annual General Meeting of Alfa Laval AB was held at Färs & Frosta Sparbank
Arena in Lund, Sweden, on Monday, April 23rd. Some 350 shareholders attended the
meeting under the chairmanship of Anders Narvinger.
This is an unofficial translation of the Swedish notice. In case of any
discrepancies between the Swedish notice and this English translation, the
Swedish notice shall prevail.        

At the meeting, Lars Renström,
President and CEO, concluded on the development in 2011, a year which started
off with a strong growth in demand, resulting in a record high order intake in
the third quarter. The increasing macroeconomic uncertainty that characterized
both Europe and the US during the summer, however, began to have an impact in
the autumn, causing certain customers to adopt a cautious attitude toward new
investments. This development had a wider impact in the fourth quarter. Despite
an initial decline, 2011 turned out a very good year, with order intake totaling
SEK 28.7 billion, up 20 percent compared with 2010. Revenues amounted to SEK
28.6 billion, up 16 percent. The operating income increased significantly in
absolute terms and the operating margin was 18.5 percent.

Lars Renström’s
entire speech can be found on:”www.alfalaval.com/investors”.

The income
statements and balance sheets of both the parent company and the Group were
adopted, together with the Board’s proposal for distribution of surplus. The
proposed dividend of SEK 3:25 per share was approved. Furthermore, the board’s
proposal for authorization to, at one or more occasions prior to the next Annual
General Meeting, buy back up to five percent of the outstanding shares in the
Company, was adopted.

As Board members Gunilla Berg, Björn Hägglund, Ulla
Litzén, Anders Narvinger, Arne Frank, Finn Rausing, Jörn Rausing and Lars
Renström were re-elected. Anders Narvinger was appointed Chairman of the Board.
Furthermore the nominating committee’s proposal regarding auditors was adopted.
Authorized public accountant Staffan Landén was re-elected and Håkan Olsson
Reising was newly elected as ordinary auditors the coming year. Authorized
public accountants Johan Thuresson and Karoline Tedevall were newly elected as
deputy auditors.

The AGM decided the remuneration to the Board of Directors
for 2012 in line with the proposal from the Nomination Committee. Remuneration
should be SEK 3,850,000, an increase from SEK 3,650,000 in 2011. Additional
remuneration will be paid for work performed in the committees of the
board.

Furthermore it adopted a resolution on the guidelines for compensation
to senior management, including fixed compensation and long and short term
variable compensation.

The Annual General Meeting approved discharge from
liability for members of the Board of Directors and the Managing
Director.

Complete proposals can be found on www.alfalaval.com.

Lund,
April 23, 2012
Alfa Laval AB
(publ.)

For more information please
contact:

Peter Torstensson
Vice President, Communications
Alfa Laval
Tel:
+ 46 46 36 72 31
Mobile: +46 709 33 72 31

Gabriella Grotte
Investor
Relations Manager
Alfa Laval
Tel: +46 46 36 74 82
Mobile: +46 709 78 74 82