Report from Annual General Meeting in Beijer Electronics AB (publ)

Beijer Electronics’ Annual General Meeting for the financial year 2014 was held
on Wednesday April 22, 2015. The AGM adopted all resolutions presented by the
Board of Directors and Nomination Committee. An account of the most important
resolutions and a summary of the Annual General Meeting follows.
The AGM approved the presented Income Statement and Balance Sheet and the
Consolidated Income Statement and Consolidated Balance Sheet. The Board members
and Chief Executive Officer were discharged from liability.

The Meeting approved the Board of Directors’ proposal for an ordinary dividend
of SEK 1.25 per share for the financial year 2014. April 24, 2015 was resolved
as the record date for the dividend. The dividend is scheduled for disbursement
from Euroclear Sweden AB on June 2, 2015.

In her address to the Meeting, Beijer Electronics’ acting CEO Anna Belfrage
presented operations for 2014 and first quarter 2015.

The AGM also resolved:

  · to elect Anders Ilstam as Chairman of the Meeting.

  · that the Board of Directors shall consist of six members, without deputies.

  · that fees of SEK 500,000 would be paid to the Chairman of the Board and that
fees of SEK 225,000 would be paid to each of the other Board members, apart from
those that are employed by the company.

  · That fees of SEK 50,000 will be payable to the Chairman of the Board for
work in the remuneration committee or audit committee, and that fees of SEK
30,000 will be payable to each of the other Board members.

  · that fees to Auditors would be paid according to approved account.

  · to re-elect Bo Elisson, Anders Ilstam, Ulrika Hagdahl, Maria Khorsand and
Christer Öjdemark as Board members

  · to elect Johan Wester as new member of the Board

  · to re-elect Anders Ilstam as Chairman of the Board.

  · to adopt the following guidelines for remunerating senior managers. Senior
managers mean the group management including the CEO. Guidelines for
remuneration also apply to directors' compensation for work undertaken outside
their directorship. The proposal is designed to enable Beijer Electronics to
offer market remuneration that can attract and retain skilled employees to the
corporate management in a global perspective.

− Remuneration issues are considered by the Remuneration Committee and submitted
to the Board of Directors for decision each year. Total remuneration includes
basic salary and performance-related pay, consisting of a yearly and a long-term
component. Pension and other customary benefits are additional.

­− Basic salary, which is individually set and differentiated on the basis of
individual responsibilities and performance, is determined on the basis of
market principles and reviewed yearly.

− The performance-related component is based on the achievement of predetermined
goals. These goals relate to the company's profit performance and other key
change goals. For the CEO and other senior managers, the yearly performance
-related component may be a maximum of six months' salary, and the long-term
performance-related component may be a maximum of 20-40 per cent of basic
salary.

−­ The CEO's pension is defined contribution and becomes due at age 65. Defined
contribution pension agreements on market terms are in place for other senior
managers.

­− If the CEO's employment is terminated by Beijer Electronics, the CEO has a 12
-month notice period. No other remuneration upon termination has been agreed. If
other senior managers' employment is terminated by the company, a notice period
of a maximum of 12 months has been agreed, for all senior managers apart from
one, who has a six-month notice period and nine months' severance pay.

−­ Board members who carry out work on behalf of Beijer Electronics outside the
terms of their directorship are entitled to receive consulting fees at market
rates.

−­ The Board of Directors is entitled to depart from the guidelines resolved by
the AGM if there are special circumstances in individual cases.

  · to authorize the Board of Directors to decide to increase the company’s
share capital by a maximum of SEK 635,334 through the new issue of a maximum of
1,906,002 shares on one or more occasions before the next AGM. The proposal
means that the Board of Directors would be authorized to decide on the new share
issue with stipulations on issue in kind, set-off or subject to other terms
stated in Chap. 13 § 5 para. 1 cl. 6p of the Swedish Companies Act, and waiving
shareholders’ preferential rights. The Board of Directors will be entitled to
stipulate other terms for the share issue, including issue price, which however,
shall be based on market terms. The resolution also included authorization for
the company’s Chief Executive Officer to make the minor alterations to AGM
resolutions that may be necessary in tandem with registering resolutions at the
Swedish Companies Registration Office.

All resolutions were passed with the requisite majority.


The Board of Directors
Beijer Electronics AB (publ)
Malmö, Sweden, April 22, 2015
Beijer Electronics is a fast growing technology company with extensive
experience of industrial automation and data communication. The company develops
and markets competitive products and solutions that focus on the user. Since its
start-up in 1981, Beijer Electronics has evolved into a multinational group
present in 19 countries and sales of 1,402 MSEK 2014. The company is listed on
the NASDAQ OMX Nordic Stockholm Small Cap list under the ticker BELE.
www.beijerelectronics.se