Minutes from Annual General Meeting

The Annual General Meeting of AB Geveko was held on 26 April 2012 at Elite Park
Avenue Hotel in Göteborg, Sweden. The meeting was chaired by Finn Johnsson, the
company’s Chairman and attended by 46 shareholders, representing 27,2% of the
total number of shares and 69,0% of the votes. The AGM adopted the parent
company and consolidated profit and loss accounts and balance sheets. These are
presented in Geveko’s Annual Report for 2011. The AGM discharged the members of
the board of directors and the managing director from liability for the
financial year.

Dividend
The AGM resolved in favour of a dividend of SKr 0
per share.

Elections
David Bergendahl, Klas Dunberger, Finn Johnsson, Åsa
Söderström Jerring, Eva Kajser and Christer Simrén were re-elected. Stefan Tilk
was elected new board member. Finn Johnsson was elected chairman.

Amendment
of the Articles of Association (§ 6)
The AGM resolved that the wording of § 6
of the Articles of Association was amended.

Election of authorised public
accounting firm
The AGM resolved that the authorised public accounting company
PwC was elected auditor with authorised accountant Bror Frid as auditor in
charge.

Fees
The AGM resolved that a fee of SKr 400,000 shall be paid to the
chairman of the board and that each member shall receive SKr 150,000. The AGM
also resolved that a fee of SKr 3,000 per meeting shall be paid for committee
activities. The auditors will be paid on the basis of approved invocies in
accordance with the exisiting agreement.

Nomination Committee
The AGM
adopted the proposals submitted concerning the Nomination
Committee.

Guidelines for salaries and other remuneration of company
management
The AGM resolved in favour of the guidelines for the remuneration of
the company’s management.

Proposal for an employee option program for senior
management
The AGM adopted the proposal submitted by the Board of Directors
concerning an employee option program including repurchase and transfer of own
shares.

Göteborg, Sweden April 27, 2012
The Board
AB GEVEKO (publ)

For
further information: Mr Göran Eklund, CEO and Managing Director
Phone: +46 31
3374153, Mobile: +46 727 325054

This information is such that Geveko must
disclose in accordance with the Securities Markets Act. The information was
submitted for publication on April 27, 2011 at 11.45 a.m.

AB GEVEKO (publ)
Org.nr.: 556024-6844, Box 2137, S-403 13 Göteborg, Sweden
Telephone +46 31
172945 info@geveko.se www.geveko.se