Bulletin from the Annual General Meeting of Husqvarna AB (publ)

Bulletin from the Annual General Meeting of Husqvarna AB (publ)

The AGM of Husqvarna AB (publ) was held on May 4, 2011 in Jönköping.

Adoption of the profit and loss statements and balance sheets, dividend
and discharge of liability
The Profit and Loss statements and Balance Sheets were adopted, together
with the Board of Directors' proposal for dealing with the Company's
profit. The dividend was set at SEK 1.50 per share. The record date for
the dividend was set at Monday, May 9, 2011 and the estimated date for
the payment of the dividend is Thursday, May 12, 2011. The Board of
Directors and the President were discharged from liability for the
financial year 2010.

Board of Directors and remuneration to the Directors and the Auditors
The Nomination Committee's proposal that the Board of Directors shall
comprise ten Directors elected by the AGM was adopted. Lars Westerberg,
Peggy Bruzelius, Robert F. Connolly, Börje Ekholm, Magdalena Gerger, Tom
Johnstone, Ulla Litzén, Ulf Lundahl, Anders Moberg and Magnus Yngen were
re-elected. Lars Westerberg was elected Chairman of the Board.

The AGM approved the Nomination Committee's proposal regarding
remuneration to the Board, as follows: SEK 1,650,000 to the Chairman of
the Board, and SEK 475,000 to each of the Directors elected by the AGM
and not employed by the Company. The Chairman of the Audit Committee
shall receive SEK 175,000 and the two members shall receive SEK 75,000
each. The Chairman of the Remuneration Committee shall receive SEK
100,000 and the two members SEK 50,000 each.

The Auditor's fee shall be paid on the basis of approved invoices.

Nomination Committee
The AGM decided that the Company shall have a Nomination Committee
consisting of five members. The members shall comprise one
representative of each of the four largest shareholders in the Company
in terms of the number of known vote rights held as of August 31, 2011,
together with the Chairman of the Board of Directors.

Principles for remuneration and long-term incentive program
The AGM decided to approve the Board of Directors' proposal for
principles of remuneration to Husqvarna Group Management.

Furthermore, the AGM approved the Board's proposal for a performance
based long-term incentive program for 2011, LTI 2011.

Re-purchase and transfers of own shares
The AGM authorized the Board of Directors to, on one or more occasions
during the period up until the next AGM, approve purchase of B-shares,
conditioned upon that the Company's holding does not at any time exceed
3% of the total number of shares in the Company. Shares shall be
purchased on NASDAQ OMX Stockholm at a price within the share-price
interval registered at the time.

In addition, the Meeting authorized the Board of Directors to on one or
more occasions during the period up to the next AGM approve transfer of
the Company's own B-shares on NASDAQ OMX Stockholm. Shares may be
transferred on NASDAQ OMX Stockholm only at a price within the
share-price interval registered at that time.

The purpose of the authorizations is to hedge the Company's undertakings
(including social costs) for the Company's incentive programs and to
continuously adapt the number of shares held for this reason.

The AGM resolved that not more than 4,240,000 B-shares may be
transferred to employees in accordance with LTI 2011.

Authorization for new share issue
The AGM authorized the Board to approve the issue of not more than 57.6
million new B-shares against consideration in kind, on one or more
occasions during the period up to the AGM in 2012. The price for the new
shares shall be based on the market price of the Husqvarna B-share. The
purpose of the authorization is to facilitate acquisitions for which
payment will be made in own shares.

Change in the Articles of Association
The AGM approved the Board of Directors' proposal regarding the
amendment to § 7 of the Articles of Association in respect of the term
of office for the auditors. The amendment is stating that the term of
office for the Auditors is four years up to and including the Annual
General Meeting after the appointment of the Auditor.

For additional information, please contact
Husqvarna Press Hotline at +46 8 738 70 80 or press@husqvarna.se