Resolutions made at Axfood AB's Annual General Meeting

Resolutions made at Axfood AB's Annual General Meeting

On 16 March 2011 the Annual General Meeting (AGM) of Axfood AB resolved
that the Company's board shall consist of seven directors. The AGM
resolved to re-elect Antonia Ax:son Johnson, Peggy Bruzelius, Maria
Curman, Fredrik Persson, Odd Reitan, Marcus Storch and Annika Åhnberg.
Fredrik Persson was elected as Chairman of the Board.

The AGM resolved to declare an ordinary dividend of SEK 12 per share.
The record date is 21 March 2011. Dividends are expected to be sent out
via Euroclear Sweden AB on 24 March 2011. Compensation of senior
executives was approved in accordance with the Board's proposal.

The guidelines for appointment of the Nominating Committee were adopted
in accordance with the Board's proposal. The owner who, based on
ownership statistics from Euroclear Sweden AB, has the most shares and
votes, shall after consulting with the three subsequently largest
shareholders, appoint a nominating committee consisting of five persons.
If a material change takes place in the ownership structure after the
Nominating Committee's has been constituted, then the composition of the
Nominating Committee shall also be changed.

The AGM approved the Board's recommendation that directors' fees shall
be payable in a combined amount of SEK 2,400,000. The previous level of
directors' fees was SEK 2,225,000.

The AGM resolved to adopt new Articles of Association. The manner of
issuing notices of Annual General Meetings was changed in accordance
with new rules in the Swedish Companies Act. In addition, the concept of
"nominating committee" was changed in the Swedish wording of the
Articles of Association [from nomineringskommitté to valberedning]
[English wording not affected].

Further, the AGM resolved to adopt a programme with the substance that
employees of the Axfood Group are given the opportunity to acquire
shares in store companies within Hemköpskedjan. The resolution covers a
maximum of ten Hemköp stores and applies for the period until the next
Annual General Meeting of Axfood AB.

The Board constituted itself after the AGM and elected Marcus Storch as
Vice Chairman.

 

For further information, please contact:
Fredrik Persson, Chairman of the Board, Axfood AB, tel. +46-8-701 61 00
Anders Strålman, President and CEO, Axfood AB, tel. +46-70-293 16 93