On Friday 20 April 2007 at 16.00 hours, FLSmidth & Co. A/S held its Annual
General Meeting at Radisson SAS Falconer Center, Frederiksberg with the
following agenda:
1. Board and Management report on the activities of the Company.
2. Submission of the Annual Report
3. Approval of the Annual Report and decision on exemption of the Management
and Board of Directors from liability.
4. Board recommendations for the allocation of profits.
5. Election of members to the Board of Directors.
6. Appointment of one or two state-authorised public accountants as auditors.
7. Other business proposed by the Board or by shareholders:
7.a. Proposal by the Board of Directors to authorise the Board to buy own shares
Re 1 - 4: Items 1 to 4 on the agenda were dealt with as one item. The General
Meeting adopted the report, approved the annual accounts and exempted the
Management and Board of Directors from liability. The Board's recommendation to
distribute DKK 7 dividend per share was approved.
Re 5: Pursuant to the Articles of Association §14(b), the members of the Board
elected at the General Meeting shall retire at each Annual General Meeting. All
members of the Board of Directors elected at the General Meeting - Mr Jørgen
Worning, Mr Torkil Bentzen, Mr Jesper Ovesen, Mr Johannes Poulsen, Mr Jens S.
Stephensen and Mr Søren Vinther - stood for reelection and were reelected.
Re 6: The General Meeting approved the proposal by the Board of Directors to
reappoint Deloitte Statsautoriseret Revisionsaktieselskab as auditors.
Re 7.a: The General Meeting adopted the proposal by the Board of Directors to
grant the Company authorisation until the next Annual General Meeting to
acquire own shares up to a total nominal value of 10 per cent of the Company's
share capital pursuant to Section 48 of the Danish Public Companies Act. The
consideration for the shares acquired must not deviate more than 10 per cent
from the official price quoted on the Copenhagen Stock Exchange at the time of
acquisition.
The chairman of the General Meeting, Mr Klaus Søgaard, closed the Annual
General Meeting at 17:43 hours. 540 shareholders, representing 30,7 % of the
votes, attended the Annual General Meeting.
At the subsequent initial Board meeting, the Board elected Mr Jørgen Worning as
Chairman and Mr Jens S. Stephensen as Vice Chairman.
Yours faithfully
FLSmidth & Co.A/S
Corporate Public Relations
