Press release from the Annual General Meeting of Bulten AB (publ) April 26, 2016

Bulten AB (publ) held its Annual General Meeting today, Tuesday 26 April. A
summary of the decisions made at the meeting is presented below.

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Adoption of the income statement and balance sheet, and discharge from liability

The AGM adopted the income statement and the balance sheet, and the consolidated
income statement and the consolidated balance sheet for 2015. The AGM granted
the Board of Directors and President discharge from liability for the 2015
financial year.

Resolution regarding allocation of the company’s earnings

In accordance with the Board of Directors’ proposal, the AGM decided on a
dividend of SEK 3.25 per share, a total of SEK 66,169,047.75. The record day was
established as 28 April 2016 and the dividend is expected to be distributed by
Euroclear Sweden AB on 3 May 2016.

Election of Board Directors, Chairman of the Board and re-appointment of
auditors

The Board of Directors shall comprise eight ordinary members, elected by the
AGM, without deputies. The AGM decided to re-elect Board members Ann-Sofie
Danielsson, Hans Gustavsson, Hans Peter Havdal, Johan Lundsgård, Ulf Liljedahl,
Gustav Lindner and Peter Karlsten, and to elect Anne-Lie Lind as a new member.
Ulf Liljedahl was elected as the Chairman of the Board.

In connection with the AGM, Johan Larsson replaced Tony Frunk as the employee
representative on the Board.

The AGM decided to re-appoint PricewaterhouseCoopers as the company’s auditors
for the period up to the end of the 2017 AGM. The authorized accountant, Fredrik
Göransson, will remain as the lead auditor.

Resolution regarding remuneration to Board members and auditors

The AGM decided that the total remuneration to the Board of Directors should be
SEK 2,700,000, of which SEK 450,000 shall be paid to the Chairman and SEK
300,000 shall be paid to each of the other elected Board members. It was also
decided that a fixed fee of SEK 75,000 should be paid to the chairman of the
Audit Committee and SEK 25,000 to other members of the committee, and also that
a fixed fee of SEK 15,000 should be paid to the chairman of the Remuneration
Committee and SEK 10,000 to other members of the committee, although the
Chairman of the Board shall not receive payment for membership of the
Remuneration Committee. It shall be a condition of payment that the Board member
shall be elected at a shareholder meeting and not be employed by the company or
a subsidiary.

The AGM further resolved that fees to the auditors shall be in accordance with
approved invoices.

Resolution regarding guidelines for remuneration for senior management

The AGM decided on the guidelines for remuneration to senior management, in
accordance with the Board of Directors’ proposed resolution. Aside from
adjustments to reflect the proposed incentive scheme, the guidelines are
unchanged from last year.

Nomination Committee, etc

The AGM decided to accept the guidelines for appointing the Nomination Committee
together with instructions for the Nomination Committee that were adopted in
2015 to apply up to the next AGM. The company shall have a Nomination Committee
consisting of four people. The three largest shareholders as of the last
business day of September shall be entitled to appoint one member of the
committee and in addition the Chairman of the Board shall be a member of the
committee. No compensation will be paid to the committee members.

Resolution to introduce a long-term share-based incentive scheme 2016

The AGM resolved to introduce a long-term share-based incentive scheme 2016
(“the Scheme”). The Scheme is designed for around 15 senior executives and key
individuals (the “Participants”), who are members of the Group’s senior
management team or extended management team. The Scheme requires that the
Participants shall make their own investment in shares in the company
corresponding to at least 5 per cent and at most 15 per cent of their gross base
pay in 2016. Provided that the Participant remains in employment after the end
of a three-year qualification period and retains the initial shareholding, the
Participant shall receive without consideration one so-called matching share for
each savings share. Furthermore, if certain performance targets are met, the
Participant shall receive without consideration a maximum of a further 3-4
performance shares (depending on position). To receive the maximum allocation of
such shares, it is required that targets set by the Board for growth in earnings
per share, measured as an average over the period 2016-2018, are met. Allocation
of shares shall be linear between the minimum and maximum level, where the
minimum level is an average annual increase of 10 per cent and the maximum level
is an average increase of around 20 per cent or more. Based on the assumption of
maximum investment in shares at the start of the Scheme and maximum allocation
of matching and performance shares, the number of shares that shall be
transferred to Participants plus shares used for hedging of social security
contributions associated with the Scheme amounts to a maximum of 300,000,
corresponding to a dilution effect of around 1.5 per cent of votes and shares.

Resolution to transfer treasury shares as part of the incentive scheme

The AGM resolved, in accordance with the Board’s proposal, that the company
shall have the right to transfer without consideration at most 250,000 treasury
shares, with deviation from shareholders’ preferential rights, to Participants
in the Scheme.

Resolution to authorize the Board to decide on transfers to cover payment of
social security contributions relating to the Scheme
The AGM resolved, in accordance with the Board’s proposal, to authorize the
Board on one or more occasions up to the time of the next AGM, to decide on
transfers of at most 50,000 treasury shares on the Nasdaq Stockholm exchange at
a price per share within, at any time, the prevailing price interval, to cover
payment of social security contributions relating to the Scheme.

Resolution to authorize the Board to decide on acquisition and transfer of
treasury shares
The AGM resolved, in accordance with the Board’s proposal, to authorize the
Board on one or more occasions up to the time of the next AGM, to decide on:

(a)           acquisitions of the company’s own shares on the Exchange in the
context of a price per share that is within, at any time, the registered price
range. The maximum total purchase of shares shall be such that the company's
holding after the acquisition shall in total be no more than one tenth of all
shares in the company.

(b)           the sale of a maximum of all of the company’s treasury shares on
the Exchange and / or otherwise with or without deviation from shareholders
preferential rights and with or without non-cash stipulations, offsetting of
claims against the company or other conditions. Transfer of shares on the
Exchange may only be made at a price per share within the prevailing registered
price interval and if the transfer takes place in another way, for a price
equivalent in cash or value of property received which corresponds to the market
price at the time of transfer of the shares transferred with such deviation as
the Board finds appropriate.

Resolution to authorize the Board to decide on new share issue
The AGM resolved, in accordance with the Board’s proposal, to authorize the
Board on one or more occasions up to the time of the next AGM, to decide on a
new issue of shares and/or subscription options and/or convertibles with or
without deviation from the preferential rights of shareholders and with
acquisition in kind, offsetting or other conditions. The purpose is to give the
Board flexibility in the work of financing and enabling an accelerated expansion
and development of the Group, its markets and products. The share issue shall be
on market terms. The number of shares to be issued shall be a maximum of
1,052,010 shares, which represents a dilution of around 5 per cent of all the
shares in the company on the date of the notice to attend the 2016 AGM.

Resolutions in their entirety

The adopted guidelines, principles, instructions and resolutions are available
in full at www.bulten.se (http://www.finnvedenbulten.se/).

Göteborg 26 April 2016
Bulten AB (publ)

For further information please contact

Kamilla Oresvärd, SVP Corporate Communications
Tel: + 46 (0)31-734 59 17, e-mail: kamilla.oresvard@bulten.com

NB. Bulten discloses the information provided herein pursuant to the Securities
Market Act and/or the Financial Instruments Trading Act. The information was
submitted for publication at 19:00 on 26 April 2016.

Bulten AB (publ) is one of the leading suppliers of fasteners to the
international automotive industry. The company’s product range includes
everything from customer-specific standard products to specialist, customized
fasteners. The company also provides technical development, line-feeding,
logistics, material and production expertise. Bulten offers a Full Service
Provider concept or parts thereof. The company was formed in 1873, has 1,200
employees in nine countries and its head office is in Göteborg, Sweden. The
company’s shares (BULTEN) are listed on Nasdaq Stockholm. Read more at
www.bulten.com.