Report from the Annual General Meeting of Broström AB on 3 May 2007

Report from the Annual General Meeting of Broström AB on 3 May 2007

Broström held its Annual General Meeting at Konserthuset in Göteborg on Thursday
3 May. The Annual General Meeting was well-attended with close to 500 persons
present.

CEO's speech - Expansion from experienced strategy
In his speech CEO Lennart Simonsson pointed at the fact that Broström during the
last year has taken important steps ahead towards expansion within new segments
and in new geographical markets. Lennart Simonsson informed about how Broström
has built up critical mass in the small and medium-sized segments for European
product and chemical tanker shipping.

“With our focus on contracts of affreightment this implies that we are able to
build efficient transport systems and thereby reach a high degree of utilisation
of our fleet. For our customers this entails that we minimise the risks for
disruptions. If, for some reason, a vessel should be delayed for loading there
are always other vessels in our fleet to use”, asserted Lennart Simonsson.

In 2006 and the beginning of 2007 important steps were taken, according to
Lennart Simonsson, in order to build up the same position within mainly a larger
European segment and in the Asian market. Common for all segments is Broström's
growth strategy based on a well-balanced mix of acquisitions, vessel purchases
and strategic co-operations.

“For Broström these partnerships mean that we have been able to build up
critical mass in each segment faster than we would have on our own. By that we
have also shared the responsibility for the investments and the financial risk
as well. For our partners and for us it entails that we have been able to
increase the utilisation of our common vessels and accordingly secure a more
stable and improved profitability”, said Lennart Simonsson at the same time as
he particularly emphasized the mutuality in the co-operations.

For the rest of 2007 Lennart Simonsson predicted a continuous exciting and
interesting development both in the market and for Broström. The start of the
second quarter of 2007 has been characterised by high activity and a continued
strong freight market, especially in the Atlantic and Europe.

Dividend 
The AGM approved and adopted a cash dividend of SEK 8.00 per share in accordance
with the Board's proposal. Record date will be Tuesday 8 May and payment is
expected to take place through VPC on Friday 11 May 2007.

Election of Board of Directors 
Stig-Arne Blom, Peter Cowling, Carel van den Driest, Lars-Olof Gustavsson, Claes
Lundblad, Leif Rogersson, Fredrik Svensson and Wilhelm Wilhelmsen were all
re-elected.

The AGM resolved to elect Lars-Olof Gustavsson Chairman of the Board.

Election of Auditors 
Elected new auditors were Bror Frid and Birgitta Granquist, Öhrlings
PriceWaterhouseCoopers, for a term of four years.

Acquisitions and transfer of the company's own shares 
The AGM approved the Board's proposal regarding authorisation for the Board to
decide on acquisition and transfer of the company's own shares equivalent to a
holding not exceeding one-tenth of all shares in the company.

Issue of warrants entitling subscription of shares 
The AGM approved the Board's proposal regarding resolution of issue of warrants
entitling the right to subscribe for 1 million Class B-shares for the purpose of
offering all permanent employees of the Broström Group the possibility to
acquire the warrants on the basis of market terms and conditions.

Authorisation of new share issue 
The Board's proposal that the AGM authorises the Board of Directors, pursuant to
the articles of association, without pre-emption rights for shareholders, to
decide on a new share issue of a total of 3,289,859 (correspondent to 6,579,718
after split, see below) B-shares on one or more occasions, for a period until
the forthcoming AGM, for a consideration of capital contributed in kind, was
approved by the AGM.

Alterations in the articles of association 
In order to make a so-called split possible, meaning that each old share is
divided into two shares, the AGM decided to approve the Board's proposal.

Next interim report for January - June 2007 will be published on 24 August 2007.

Göteborg, 4 May 2007

BROSTRÖM AB (publ)

Reference: Lennart Simonsson, CEO of Broström, Tel +46 31 61 61 00


Broström is one of the leading logistics companies for the oil and chemical
industry, focusing on industrial product and chemical tanker shipping and marine
services. Broström is based worldwide, with head offices in Göteborg, Sweden.