Press release from Annual General Meeting in Addnode Group Aktiebolag (publ)

STOCKHOLM, May 7, 2014
Adoption of the accounts and discharge from liability

The Meeting adopted the balance sheets and profit and loss accounts for the
parent company and the Group and the Meeting discharged the Board of Directors
and the CEO from liability for the financial year 2013.

Dividend

The Meeting decided that the profit according to the adopted balance sheet of
SEK 66,182,159 shall be distributed to the shareholders, representing a dividend
of SEK 2.25 per share, and that the remaining available earnings of SEK
298,405,566 be carried forward.

The Board of Directors

The Meeting resolved in accordance with the nomination committee's proposal to
re-elect Sigrun Hjelmquist, Thord Wilkne, Dick Hasselström, Jan Andersson and
Kristofer Arwin as members of the Board and to elect Annika Viklund as a new
member of the Board. The Meeting also re-elected Sigrun Hjelmquist as Chairman
of the Board. Furthermore, the Meeting decided in accordance with the nomination
committee's proposal that the Board fees until the end of the next Annual
General Meeting, will be paid to the Chairman with SEK 340,000 and to each of
the other Board members elected by the Annual General Meeting with SEK 170,000
and that remuneration may be paid on account for special assignments to Board
members in their respective fields of expertise (consultancy services etc.),
provided that such assignments have been approved in advance by the Chairman of
the Board or by two Board members. Furthermore, fees for work on the audit
committee shall be paid in the amount of SEK 50,000 to the Chairman and SEK
30,000 to each of the other committee members. Fees for work on the remuneration
committee shall be paid in the amount of SEK 15,000 to each of the committee
members. The Board members may be allowed invoice the company for the Board fees
provided that it is cost-neutral to the company and that it is in accordance
with applicable legal requirements and recommendations.

Auditor

The Meeting decided that fair remuneration to the auditor is to be paid with a
reasonable amount by approved accounts. The registered public audit firm
PricewaterhouseCoopers AB was re-elected as auditor for a mandate period until
the end of the next Annual General Meeting with Magnus Brändström as auditor in
charge.

Remuneration and other employment terms for the Executive Management

The Meeting approved, in accordance with the Board's proposal, the guidelines
for remuneration and other employment terms for the Executive Management.

Authorization regarding repurchase and transfer of the company's own shares

The Meeting decided in accordance with the Board's proposal to authorize the
Board to make decisions, on one or several occasions prior to the next Annual
General Meeting, to repurchase a maximum number of series B shares so that the
company's holding following the repurchase does not exceed 10 per cent of all
the shares in the company at any time. Furthermore, the Meeting authorized the
Board to make decisions, on one or several occasions, prior to the next Annual
General Meeting, to transfer series B shares in the company to a third party.
The number of shares transferred may not exceed the total number of shares held
by the company at any time. The reason for permitting the Board to deviate from
the preferential rights of shareholders is to enable financing of potential
acquisitions of companies and other types of strategic investments in a cost
-efficient way.

Decision to allow for own series C shares to, after conversion to series B
shares, be transferred in accordance with the authorization above

The Meeting decided in accordance with the Board's proposal to allow for
transfers of own series C shares, after conversion to series B shares, in
accordance with the authorization above. The series C shares are treasury shares
which were issued and repurchased in order to be transferred to the participants
in the share savings plan of the company from 2011, but which will not be needed
for purposes of the share savings plan.

Authorization to decide on issue of new shares

The Meeting decided in accordance with the Board's proposal to authorize the
Board to make decisions, on one or several occasions prior to the next Annual
General Meeting, with or without deviation from the preferential rights of
shareholders, regarding new share issues. Based on the resolution, with the
support of an authorization, it shall be possible to increase the share capital
by a total of not more than SEK 36,000,000 by issuing a total of not more than
3,000,000 new shares at full subscription. The authorization shall also
encompass the right to decide on a new share issue stipulating cash‐in‐kind
payment or that shares shall be subscribed for with right of set‐off or
otherwise with conditions stipulated in Chapter 13, Section 7 of the Swedish
Companies Act. The reason for the deviation from the preferential rights of
shareholders is to enable private placements for the implementation of
acquisitions of all or parts of other companies or operations, or to raise
capital to use in such acquisitions.

Nomination Committee

The Meeting adopted the nomination committee's proposal regarding the nomination
committee.

The information in this press release is such that Addnode Group must disclose
in accordance with the Swedish Securities Market Act and/or the Financial
Instruments Trading Act. The information was released on 7 May 2014 at 20.00.
Johan Andersson
CFO, Addnode Group AB
Phone: +46 704 205 831
e-mail: johan.andersson@addnodegroup.com
About Addnode Group
Addnode Group provides mission-critical IT solutions to selected markets in both
private and public sectors. We acquire, build and manage companies that deliver
mission-critical IT solutions for the specific needs of our clients. Every day,
250,000 engineers use our systems to develop and maintain products, buildings
and facilities. 100,000 civil servants in the public sector use our solutions
for municipal and state administration.
We are 950 employees in Sweden, Norway, Finland, Denmark, Serbia, India and USA.
In 2013 net sales totaled SEK 1 444 M. Addnode's Series B share is listed on the
OMX Nordic List, Small Cap. More information about Addnode Group on
www.addnodegroup.com.