Annual General Meeting of Loomis AB (publ)

Annual General Meeting of Loomis AB (publ)

At today's Annual General Meeting of Loomis AB (publ) the following was
resolved:

Board of Directors
The Annual General Meeting resolved that the number of Board members
shall be six with no deputy members. The Meeting re-elected Signhild
Arnegård Hansen, Lars Blecko, Marie Ehrling, Alf Göransson, Jan Svensson
and Ulrik Svensson. Alf Göransson was re-elected Chairman of the Board.
The fee to the Board members was determined to a total of SEK 1,750,000
(including fees for committee work) apportioned so that the Chairman of
the Board shall receive SEK 500,000 and the other Board members, except
for the President, SEK 250,000 each. The Chairman of the Audit Committee
shall receive SEK 100,000, the Chairman of the Remuneration Committee
SEK 75,000, a member of the Audit Committee SEK 50,000 and a member of
the Remuneration Committee SEK 25,000.

Nomination Committee
The Meeting re-elected Gustaf Douglas (Investment AB Latour, etc.),
Marianne Nilsson (Swedbank Robur fonder), Mikael Ekdahl (Melker
Schörling AB) Per-Erik Mohlin (SEB Fonder / SEB Trygg Liv) and Henrik
Didner (Didner & Gerge fonder) was elected as members of the Nomination
Committee before the Annual General Meeting 2012. Gustaf Douglas was
appointed Chairman of the Committee.

Dividend
In accordance with the proposal of the Board, the Meeting resolved to
declare a dividend of SEK 3.50 per share.

May 16, 2011 was determined as record date for dividend and payment from
Euroclear Sweden AB is expected to commence on May 19, 2011.

Guidelines for remuneration to management
The Annual General Meeting resolved on the adoption of guidelines for
remuneration to management, principally entailing that the remuneration
and terms of employment shall be competitive and in accordance with
market conditions, in order to ensure that the Loomis Group will be able
to attract and keep competent management employees. The guidelines
principally entail that the total remuneration to management shall
consist of fixed salary, possible variable remuneration and other
customary benefits and pension. The variable remuneration shall have an
upper limit and be based on pre-determined targets. Pension rights for
management employees shall be applicable as from the age of 65, at the
earliest. All group management employees shall be comprised by fee-based
pension plans. The Board shall be entitled to deviate from the
guidelines in individual cases if there are particular grounds for such
deviation. The complete guidelines are published on the company website.

Incentive Scheme
The Meeting resolved, in accordance with the Board proposal, on the
implementation of a share and cash based incentive scheme (the
“Incentive Scheme”). The implementation of the Incentive Scheme
principally entails that 1/3 of any annual bonus earned may be paid in
the form of shares of series B in Loomis with delayed payment and
subject to continued employment with Loomis.

Approximately 300 employees now participating in the Loomis incentive
scheme will participate in the Incentive Scheme and thereby be entitled
to receive a part of the yearly bonus in the form of shares in Loomis,
provided that certain predetermined and measurable performance criteria,
which currently apply under the incentive schemes, are met. The existing
principles relates to result improvement and are set as close to the
local business as possible and aim for long term profitability of the
group.

Provided that the applicable performance criteria are met, the yearly
bonus will be determined at the outset of 2012 and be payable by (i) 2/3
in cash at the outset of 2012 and (ii) 1/3 in shares of series B (the
“Bonus Shares”) at the outset of 2013. The number of shares to which
each participant will be entitled shall be determined by the ratio
between the available bonus and the share price at the time of
determination of the bonus. Distribution of Bonus Shares in accordance
with (ii) presupposes that the participant is employed by Loomis as of
the last day of February 2013. If the total accrued bonus amounts to
less EUR 4,200, the whole bonus will be paid out in cash in accordance
with (i) above.

Furthermore, in order to enable Loomis' delivery of Bonus Shares in
accordance with the Incentive Scheme, the Meeting resolved to authorize
the Board to resolve, on one or several occasions until the AGM 2012, on
the acquisition of a maximum of 325,000 treasury shares of series B on
the NASDAQ OMX Stockholm Exchange at a price within the price interval
that may be registered at any given time, referring to the interval
between the highest purchase price and the lowest selling price. The
Board may resolve on acquisition of treasury shares within the scope of
a repurchase program in accordance with the Regulation of the European
Commission (EC) No. 2274/2003.

To be able to deliver Bonus Shares to the participants in the Incentive
Scheme, the Meeting resolved to transfer a maximum of 325,000 treasury
shares of series B. The right to acquire shares shall accrue to
participants in the Incentive Scheme. The transfer of shares shall take
place free of charge.

Authorisation for the Board of Directors to resolve on the acquisition
and transfer of the company's own shares
According to the proposal of the Board, the AGM resolved to authorise
the Board of Directors to resolve, on one or several occasions up to the
Annual General Meeting 2012, on the acquisition and transfer of the
company's own shares in order to enable the Board of Directors to
finance company acquisitions. The authorized acquisitions, may not lead
to the shareholding of the company, including shares otherwise acquired
and held, from time to time exceeding 10 per cent of the total number of
shares in Loomis. Transfer of the company's own shares may take place as
payment of whole or part of the purchase price of company acquisitions
and on NASDAQ OMX Stockholm in order to finance company acquisitions or
other transactions.

CEO comments
During 2010, we created value for our shareholders in a variety of ways.
The shareholder dividend increased by just over 30 percent to SEK 3.50
per share, the return on capital employed increased to 19 percent and
the share price increased by 29 percent, from SEK 78 to SEK 101.
Thereby, the majority of the key ratios per share have been
strengthened. However, most important of all, we reached our most
important financial objective, an operating margin of 8 percent, which
we promised as long ago as 2008, in conjunction with the listing on the
stock exchange. So stated Loomis President, Lars Blecko, in his address
to the Annual General Meeting.

He also described the new strategy and goals which will lead to further
shareholder value. The strategy entails a higher rate of acquisitions,
add-on acquisitions in our existing markets in Europe and the USA, as
well as acquisitions on new markets, primarily in Europe but also, in
the long-term, in Latin America. Lars Blecko underlined the fact that a
move further up the value chain, from CIT towards CMS, that is, from
solely Cash in Transit to comprehensive solutions, is an important
component of the strategy. He stated that the potential for CMS
solutions is substantial in the majority of Loomis' existing markets,
even though the degree of outsourcing of cash management services by the
banks is lowest in the USA and Eastern Europe.

Lars Blecko described the Group's new financial and operational goals,
which extend to 2014, as well as the dividend policy. The financial
goals include an operating margin of 10 percent and a cash flow from
operating activities of a minimum of 85 percent of operating income. He
also stated that the dividend for 2010 of 51 percent is directly in the
middle of the interval stipulated in the dividend policy, which entail
that 40-60 percent of the Group's net income shall be provided as
dividend.

The operational goals include expansion into two new countries per year.
Through the acquisition of 60 percent of the Turkish Cash Handling
company Erk Armored, which was publicized immediately before the
meeting, we are halfway towards our goal, said Lars Blecko. Other
operational goals commented on by Lars Blecko are that a minimum of 30%
of the operations are to be comprised of CMS and that the portion of
non-performing branches shall be less than 15 percent.

When Lars Blecko commented on the acquisition of the cash handling
services from the American company Pendum, which were taken over on
April 30, 2011, he underlined that the operations are well-suited to the
Group's new strategy, as these operations increased focus on
comprehensive cash handling solutions, and expand the CMS offering in
the USA.

Lars Blecko returned several times to the theme of how important each of
the various components of the strategy are in order for the Group to
achieve its new margin target of 10 percent by 2014, at the latest.

With regards to the first quarter 2011, Lars Blecko stated that the
operating margin, which has continued to improve, has risen to 7.1
percent, compared with 6.5 percent during the first quarter of 2010, and
that operating income, after consideration of exchange rate effects, has
increased by MSEK 21. He also highlighted that the organic growth has
stabilized, and amounted to 0 percent. In Europe, the organic growth has
been negatively impacted by the structural changes in the Spanish
banking sector and, in the USA, it has been negatively impacted by
Loomis cancelling a number of unprofitable contracts.

In conclusion, Lars Blecko stated that the Group had, during the
quarter, delivered exactly what had been promised during autumn 2010; a
continued positive development of the operating margin and a large,
strategically important acquisition.

This press release is also available at:
www.loomis.com (http://www.loomis.com)

11.05.2011

Alf Göransson
Chairman of the Board
Phone number: +46 10 470 30 00

Loomis offers safe and effective solutions for the distribution,
handling and recycling of cash for banks, retailers and other commercial
companies via an international network consisting of more than 370
branch offices in 14 European countries and in the US. Loomis has 20 000
employees and a turnover of 11 billion Swedish kronor. Loomis is a
midcap listed company on NASDAQ OMX Stockholm.

Loomis AB discloses the information provided herein pursuant to the
Swedish Securities Market Act and/or the Financial Instruments Trading
Act. The information was submitted for publication at 7.15 p.m. (CET) on
May 11th, 2011.