Resolutions by Mekonomen's 2009 Annual General Meeting

Resolutions by Mekonomen's 2009 Annual General Meeting

• An ordinary dividend of SEK 6 per share will be paid to shareholders.
• Fredrik Persson, Marcus Storch, Antonia Ax:son Johnson, Kenny Bräck, Anders G
Carlberg, Wolff Huber and Helena Skåntorp were re-elected as Board members. 
• Resolution regarding the opportunity for store managers of wholly owned
subsidiaries to acquire shares in their individual store companies and thus
become part-owners. 

In his presentation, Mekonomen's President and CEO Håkan Lundstedt summarized
the year 2008, commenting that Mekonomen had experienced a very strong year
despite a weak economic climate and business trend in the total market. A strong
brand, the launch of new store, workshop and business concepts and an increase
in the number of stores and workshops in 2008 contributed to Mekonomen's
full-year operating profit rising to SEK 251 M and revenues increasing by 6 per
cent.  

“In 2009, we are noticing that customers are consciously seeking alternatives
that offer increased value for money and prefer distinct concepts with a high
level of credibility. We are addressing this with measures including Mekonomen
Direkt, whereby customers can be in direct contact with Mekonomen by calling
+46(0)771 72 00 00 round-the-clock. In 2009, we will also expand our corporate
offerings Mekonomen Direkt and Mekonomen Fleet to Denmark and Norway. We will
also have 60 Mekonomen Medium and Mega units by year-end 2009 and we will
increase the number of affiliated workshops by at least 100. With these
initiatives, we can say that we are making CarLife easier for consumers and
companies and are thus further strengthening our position.”

Dividend
In accordance with the Board's motion, the Annual General Meeting resolved to
pay a dividend of SEK 6 to shareholders. SEK 6 of the dividend pertains to the
ordinary dividend based on profit for the year. The record date for the dividend
is April 27. The payment of the dividend through Euroclear Sweden AB is expected
to take place on April 30, 2009. 

Election of the Board
In accordance with the Nomination Committee's proposal, the Annual General
Meeting resolved that the number of Board members shall remain unchanged at
seven. Thereafter, the Annual General Meeting resolved on the re-election of
Fredrik Persson, Marcus Storch, Antonia Ax:son Johnson, Kenny Bräck, Anders G
Carlberg, Wolff Huber and Helena Skåntorp as Board members. Fredrik Persson was
re-elected as the Chairman of the Board. 

Fees to the Board and auditors
The Annual General Meeting resolved that a fee of SEK 320,000 (320,000) be paid
to the Chairman, SEK 240,000 (240,000) to the Deputy Chairman and SEK 160,000
(160,000) to each of the other Board members elected by the Annual General
Meeting. 

The Annual General Meeting resolved that the auditors shall be paid against
invoices. 

Establishment of principles for the remuneration of company management
The Annual General Meeting established principles for the remuneration of
company management. The remuneration shall comprise a fixed base salary,
variable remuneration, pension benefits and other benefits and termination
terms. 

Acquisition of shares in subsidiaries by employees
In accordance with the Board's motion, the Annual General Meeting resolved that
employed managers of wholly owned individual store companies shall be able to
acquire not more than 9 per cent of the shares in their particular store
company.  

The Annual General Meeting approved all motions presented to the Meeting by the
Board and the Nomination Committee. The motion are presented in their entirety
in the previously published Annual General Meeting notification.


For further information contact: 
Håkan Lundstedt, President and CEO of Mekonomen AB, +46 (0)8-464 00 00
Fredrik Persson, Chairman of Mekonomen AB, +46 (0)8-701 61 00

Mekonomen AB (publ), Corp. Reg. No. 556392-1971 
Box 6077, SE-141 06 Kungens Kurva, Sweden. 
Telephone: +46 (0)8-464 00 00, Fax: +46 (0)8-464 00 66

Mekonomen makes CarLife simpler, through a broad and highly accessible offering
of low-cost and innovative solutions and products for consumers and companies.
We are Scandinavia's leading automotive spare-parts chain with proprietary
wholesale operations, more than 200 stores and more than 1,000 workshops, all
operating under the Mekonomen brand.