AGM of Cloetta Fazer AB (publ), undergoing name change to Fazer Konfektyr Service AB (publ)

AGM of Cloetta Fazer AB (publ), undergoing name change to Fazer Konfektyr
Service AB (publ)

The Annual General Meeting of Cloetta Fazer AB (publ), undergoing name change to
Fazer Konfektyr Service AB (publ), (“Cloetta Fazer”), held on Tuesday, 25
November 2008, essentially passed the following resolutions.

Adoption of the profit and loss accounts and balance sheets and discharge from
liability 
The AGM adopted the profit and loss accounts and balance sheets of the Parent
Company and the Group for the financial period from 1 January 2008 to 31 August
2008. Furthermore, the Board of Directors and the Managing Director were granted
discharge from liability for the same period.

Distribution of shares in Cloetta AB (publ) 
The AGM resolved to approve the Board's proposal to distribute all shares in the
wholly owned subsidiary Cloetta AB (publ), corporate identity number
556308-8144, (“Cloetta”) to the shareholders in Cloetta Fazer. The shares in
Cloetta AB will be distributed to the shareholders in proportion to their
existing holdings, whereby each share of class A in Cloetta Fazer AB will
entitle the holder to one new class A share in Cloetta AB and each share of
class B in Cloetta Fazer AB will entitle the holder to one new class B share in
Cloetta AB. The record date for distribution is Friday, 28 November 2008. The
shares in Cloetta are expected to be distributed by VPC AB on Monday, 1 December
2008. 

Board members and changes in Group management, etc.
Sitting Board members Anders Dreijer, Berndt Brunow and Karsten Slotte were
re-elected and Krister Friberg was elected as a new member of the Board. Olof
Svenfelt, Meg Tivéus and Christer Zetterberg, all of whom declined re-election,
resigned from their seats on the Board.

The AGM resolved that Board fees would be paid in an amount of SEK 375,000 to
the Board Chairman and SEK 200,000 to each of the other members of the Board,
with no remuneration to be paid for work on the Board committees.

Anders Dreijer was appointed as Board Chairman.

The statutory meeting following the AGM decided that Jesper Åberg would continue
as Managing Director and CEO of Cloetta Fazer AB (publ), which is undergoing a
name change to Fazer Konfektyr Service AB (publ). Curt Petri will leave his post
as Deputy Managing Director and CFO of Cloetta Fazer AB (publ). The new CFO will
be Krister Friberg, who is also CFO of the Fazer Group and a newly elected
member of the Board of Cloetta Fazer AB (publ). As a result of the decision to
distribute the shares in Cloetta to the shareholders in Cloetta Fazer, Eva
Persson, Managing Director of Cloetta Sverige AB, will also leave her post on
Cloetta Fazer's Group Management Team.

Amendments to the Articles of Association, including a change of the Company's
name
The AGM resolved to approve the Board's proposal that the Articles of
Association be amended to state that the name of the Company shall be Fazer
Konfektyr Service AB, that the limitation whereby no person may vote their own
or other shares constituting 40 per cent or more of the total number of shares
in the Company be removed from the Articles of Association, and that the
pre-emption rules regarding the Company's class A shares be removed from the
Articles of Association.

Principles for remuneration and terms of employment for senior executives 
The AGM resolved to approve the Board's proposed principles for remuneration and
terms of employment for senior executives.

_________


The interim report for the period 1 September - 30 November 2008 will be
published on 30 January 2009.

The information from Cloetta Fazer contained herein is subject to the disclosure
requirements in the Swedish Securities Market Act. The information was submitted
for publication on 25 November 2008, 15.30 CET.

Ljungsbro, 25 November 2008

Cloetta Fazer AB (publ), under name change to Fazer Konfektyr Service AB (publ) 

The Board of Directors

For further information contact:

Anders Dreijer, telephone + 46 708 12 54 22
Board Chairman

Website: www.cloettafazer.com