Resolutions at Mekonomen's Annual General Meeting 2010

Resolutions at Mekonomen's Annual General Meeting 2010

• Dividend to shareholders of SEK 7 per share.

• Re-election to the Board of Fredrik Persson, Marcus Storch, Antonia Ax:son
Johnson,
Kenny Bräck, Anders G Carlberg, Wolff Huber and Helena Skåntorp.

• Resolution entitling store managers in wholly owned subsidiaries shall be able
to acquire shares in their respective store companies, thereby becoming
partners.

Mekonomen's President and CEO, Håkan Lundstedt, summarised the year 2009 in his
address by commenting that Mekonomen had a record year. Revenues increased by 19
per cent to SEK 3,206 M and EBIT rose by 30 per cent to SEK 323 M. Mekonomen's
promise to make CarLife easier attracted more customers and new customer groups.
It is particularly gratifying that the number of women choosing Mekonomen has
increased.

“This success is a result of Mekonomen meeting customer needs through attractive
concepts and offerings. During the year, we increased our market shares in all
countries - that is, Sweden, Norway and Denmark. The establishment of the Mega
and Medium units, the workshop concept, Mekonomen Direkt and the focus on Fleet
customers are examples of ways in which this position has been secured. The
targets established for 2009 of 60 Mega and Medium units was achieved. The
increase in the number of affiliated workshops continued in 2009, amounting to
1,206 at year-end. The net increase in 2009 was 155. Mekonomen Direkt was
launched in Sweden in 2009 and has been launched in Norway and Denmark during
the first quarter of 2010.

“We will continue to develop unique concepts and offerings to satisfy every
customer's specific requirements - we don't serve cars, we serve people!”

Dividend
In accordance with the Board's proposal, the Annual General Meeting resolved to
pay a total of SEK 7 per share to shareholders. The record date for the dividend
is 23 April 2010. Payment of the dividend through Euroclear Sweden AB is
expected to occur on 28 April 2010.

Election of the Board of Directors
In accordance with the proposal by the Nomination Committee, the Annual General
Meeting resolved that the number of Board members shall remain unchanged at
seven ordinary members. 
The Annual General Meeting subsequently resolved in favour of the re-election of
Fredrik Persson, Marcus Storch, Antonia Ax:son Johnson, Kenny Bräck, Anders G
Carlberg, Wolff Huber and Helena Skåntorp. Fredrik Persson was re-elected as
Chairman of the Board.
 
Fees to the Board and auditors
The Annual General Meeting resolved that fees shall be paid in an amount of SEK
320,000 (320,000) to the Chairman of the Board, SEK 240,000 (240,000) to the
Deputy Board Chairman and SEK 160,000 (160,000) to each of the other Board
members elected by the Meeting.

The Annual General Meeting resolved that fees to the auditors shall be paid as
invoiced. 

Adoption of policies for remuneration of company management
The Annual General Meeting adopted policies for the remuneration of company
management. Remuneration shall comprise fixed basic salary, variable
remuneration, pension benefits and other benefits and severance conditions.

Employee acquisition of shares in subsidiaries
The Annual General Meeting resolved in accordance with the Board's proposal that
employed store managers in wholly owned store companies shall be able to acquire
not more than 9 per cent of shares in their respective store companies.
The Annual General Meeting approved all motions presented to the Meeting by the
Board and the Nomination Committee. The motions in their entirety are contained
in the AGM notification published earlier.

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

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

Mekonomen makes CarLife easier, 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.