Report from Atlas Copco AB's Annual General Meeting

Report from Atlas Copco AB's Annual General Meeting

Stockholm, Sweden, April 25, 2008: The Annual General Meeting of Atlas Copco AB
was held in Stockholm on Thursday, 24 April 2008. The meeting was chaired by
Sune Carlsson, Chair of the Board of Atlas Copco AB.

The income statements and the balance sheets of the parent company and the Group
were approved, together with the Board's proposal for profit distribution. 

The proposed dividend of SEK 3.00 per share was approved. Record day for the
dividend is April 29, 2008, and the dividend is estimated to be distributed by
VPC (the Swedish Central Securities Depository) on May 5, 2008.

Nine Board members were elected. Sune Carlsson, Jacob Wallenberg, Gunnar Brock,
Staffan Bohman, Ulla Litzén and Anders Ullberg were re-elected. Margareth Øvrum,
Christel Bories and Johan Forssell were elected as new Board members. Grace
Reksten Skaugen had declined re-election.

The Annual General Meeting re-elected Sune Carlsson as Chair of the Board, and
Jacob Wallenberg as vice Chair.

The Board of Directors fee for 2008 was resolved as follows: 
A fee of SEK 1 500 000 to the Chair, SEK 550 000 to the vice Chair and SEK 450
000 to each other board member not employed by the company.  
A fee to the Chair of the Audit Committee of SEK 170 000 and SEK 110 000 to the
two other members. 
A fee of SEK 60 000 to each of the three members of the Remuneration Committee.
A fee of SEK 60 000 to each Board member, who in addition to the above,
participates in a committee in accordance with a decision of the Board of
Directors.

The Board members have elected to receive part of the Board fee in the form of
synthetic shares and the remaining part in cash.

The Meeting approved the Board of Directors proposal regarding the guiding
principles for remuneration for senior executives (the President and the other
members of Group Management) and the Board's proposal to introduce a performance
related personnel option program for 2008. 

The AGM authorized the Board to decide on the purchase and sale of the company's
own shares in order to be able to continuously adapt the capital structure of
the company and to give the possibility to transfer shares to the employees and
to secure the costs, including social security payments, in connection with the
personnel option programs for 2008 and 2006 and with the allocation of synthetic
shares as part of the remuneration to the Board members. 

The Annual General Meeting approved the proposal presented regarding the
Nomination Committee.

The statutory Board meeting was held after the Annual General Meeting. Ulla
Litzén, Chair, Sune Carlsson and Staffan Bohman were re-elected to serve on the
Audit Committee. Sune Carlsson, Chair, Jacob Wallenberg and Anders Ullberg were
re-elected as members of the Remuneration Committee.

The speech to the shareholders by Atlas Copco's President and CEO Gunnar Brock
will be published on the Group's website: www.atlascopco.com/AGM, where also the
minutes from the AGM will be published.

For further information please contact:
Love Liman, Media Relations
+46 (0)8 743 8060 or +46 (0)73 231 8060

Atlas Copco discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication at 08:45 on April 25, 2008.

Atlas Copco is a world leading provider of industrial productivity solutions.
The products and services range from compressed air and gas equipment,
generators, construction and mining equipment, industrial tools and assembly
systems, to related aftermarket and rental. In close cooperation with customers
and business partners, and with 135 years of experience, Atlas Copco innovates
for superior productivity. Headquartered in Stockholm, Sweden, the Group's
global reach spans more than 160 markets. In 2007, Atlas Copco had 
33 000 employees and revenues of BSEK 63 (BEUR 6.7). Learn more at
www.atlascopco.com.