HEXPOL's Annual General Meeting (AGM)

HEXPOL's Annual General Meeting (AGM)

President's address to the meeting 
At HEXPOL AB's AGM today, Georg Brunstam, Group President and CEO, commented on
key events during 2009 and the first quarter of 2010. Among other points, he
noted that 2009 was one of the most turbulent years ever experienced. 

2009 was a good year for HEXPOL, which reported robust earnings, with higher
margins and a sharp reduction in net debt in the face of a highly challenging
market. 

Georg Brunstam noted that the first-quarter performance was very strong, with a
sharp rise in sales volumes. Earnings per share more than doubled and operating
profit totalled 87 MSEK, up 89 per cent, representing an operating margin of
11.7 per cent (7.1). 

The acquisition of the VTC TPE Group (ELASTO Group) was also presented. The
acquisition strengthens HEXPOL's leading position as the global supplier of
polymer-based compounds (compounding).

Election of the Board
In line with the proposal of the Nomination Committee, the AGM resolved that the
number of Board members in HEXPOL AB would be six, without deputies. The AGM
re-elected Board members Melker Schörling, Georg Brunstam, Alf Göransson,
Jan-Anders E. Månson, Malin Persson and Ulrik Svensson. Also, Melker Schörling
was elected as the Chairman of the Board. 

Dividend
In accordance with a motion from the Board and President, the AGM approved a
cash dividend of 1.00 SEK per share for the 2009 financial year and that other
accumulated funds of 285,378,116 SEK be carried forward to a new account. The
record date for the dividend was set as May 12 and the dividend is expected to
be dispatched from Euroclear Sweden AB on May 18. 

Fees to Board members 
In line with the proposal of the Nomination Committee, the AGM approved
unchanged fees for Board members, with 400,000 SEK to be paid to the Board
Chairman, and 200,000 SEK to each member; as well as 150,000 SEK for the
Chairman of the Audit Committee and 75,000 SEK for members of the Audit
Committee.


Nomination Committee
Mikael Ekdahl (Melker Schörling AB), Åsa Nisell (Swedbank Robur Fonder), Henrik
Didner (Didner & Gerge Fonder) and Anders Algotsson (AFA Försäkring) were
re-elected as members of the Nomination Committee until the end of the 2011 AGM.
In addition, Mikael Ekdahl was re-elected as Chairman of the Nomination
Committee. 

Approval of the guidelines for the remuneration of senior executives 
In accordance with the Board's motion, the AGM resolved to approve the
guidelines for the remuneration of senior executives, which primarily entail
that salaries and remuneration terms and conditions shall be market-based and
competitive. 


For more information, contact: 

Georg Brunstam 
President and CEO 
+46 (0)708 - 551 251

Urban Ottosson
CFO/IR
+46 (0)767 - 855 144


The information in this interim report is such that HEXPOL AB must disclose
publicly in accordance with the Swedish Securities and Clearing Operating Act
and/or the Financial Instruments Trading Act. The information was made public on
7 May.

HEXPOL is a world-leading polymers group with strong global positions in
advanced polymer compounds (Compounding), gaskets for plate heat exchangers
(Gaskets) and wheels made of plastic and rubber materials for truck and castor
wheel applications (Wheels). Customers are primarily OEM manufacturers of plate
heat exchangers and trucks, global systems suppliers to the automotive industry
as well as medical device industry. The Group is organised in two business
areas, HEXPOL Compounding and HEXPOL Engineered Products, and has about 2,000
employees in nine countries. In 2009, HEXPOL had sales of about 2,600 MSEK. Read
more at www.hexpol.com.