Statement from Gränges AB’s Annual General Meeting on 4 May 2015

Gränges AB held its Annual General Meeting (AGM) on 4 May 2015 and the following
main resolutions were passed.

For more detailed information on the content of the resolutions, please refer to
the full notice to attend the AGM and the full proposals. The notice to attend
the AGM and the full proposals are available on the company’s website,
www.granges.com. A recorded version of CEO Johan Menckels speech at the AGM is
available on the company’s website.

Adoption of the income statement and balance sheet
The Meeting resolved to adopt the income statement and balance sheet as well as
the consolidated income statement and consolidated balance sheet for the 2014
financial year.

Dividend
The Meeting resolved, in accordance with the Board’s proposal, on a dividend of
SEK 1.50 per share with the record date of 6 May 2015. The dividend is expected
to be paid out by Euroclear Sweden AB on 11 May 2015.

Discharge from liability
The Meeting discharged the members of the Board of Directors and the Chief
Executive Officer from liability vis-à-vis the company for administration in
2014.

Board of Directors and auditors
The Meeting re-elected Anders G Carlberg, Terje Andersen, Carina Andersson,
Bertil Villard and Ragnhild Wiborg. The Meeting re-elected Anders G Carlberg as
Chairman of the Board.

The Meeting re-elected registered accounting firm Ernst & Young as the company’s
auditor.

The Meeting resolved that the Chairman of the Board will receive SEK 500,000 and
that each of the other board members elected by the AGM will receive SEK
275,000. A fee of SEK 80,000 will be paid to the chairman of the Audit Committee
and SEK 40,000 to the other members, and SEK 50,000 to the chairman of the
Remuneration Committee and SEK 25,000 to the other members. All employee
representatives on the Board will receive SEK 40,000 each for the corresponding
period. Fees will be paid to the auditors according to approved invoices.

Guidelines for remuneration to senior executives
The Meeting resolved to approve the guidelines proposed by the Board of
Directors on remuneration to senior executives.

Incentive programmes
The Meeting resolved, in accordance with the Board’s proposal, to introduce a
long-term incentive programme, LTI 2015. The programme will run for three years
and will be offered to the Management Team and certain key individuals. LTI 2015
is based on the annual short-term incentive programme (“STI 2015”), which
measures certain pre-determined parameters. The maximum payout from STI 2015 is
60 percent of annual basic pay. An amount equivalent to the payout from STI 2015
for each participant will be reserved in a special so-called LTI bank. Provided
that the participants remain in the employ of Gränges, the payout will be made
at the rate of one third per year during the years 2017, 2018 and 2019, adjusted
for Gränges’ total return. The total payout from LTI 2015 and STI payable in one
year is maximised at 1.5 times an annual salary. The maximum and total
accrual for all participants in LTI 2015 is a combined SEK 7 million.

Resolution on issue authorisation
The Meeting resolved, in accordance with the Board’s proposal, to authorise the
Board of Directors to, on one or more occasions until the next AGM, issue new
shares and or convertibles.

For further information, please contact:
Pernilla Grennfelt, Director Communications and IR of Gränges
pernilla.grennfelt@granges.com, tel: +46 702 90 99 55

About Gränges
Gränges is a leading global supplier of rolled products for producers of brazed
aluminum heat exchangers. The Company develops, produces and markets highly
advanced materials that enhance both the production economy of the customer
manufacturing process as well as the performance of the final product, the
brazed heat exchanger. Gränges has its headquarters in Stockholm, Sweden and
operates in three geographical regions: Europe, Asia and the Americas. The
Company operates production, research and development facilities in Finspång and
Shanghai with total annual capacity of approximately 220,000 metric tonnes. The
Company was originally founded in 1896, and the current operation was started in
1972 when the Company started to develop brazed heat exchanger material. Gränges
has approximately 950 employees, and in 2014 the Company had net sales of SEK
4,748 million. For more information about Gränges, please visit www.granges.com.