Annual General Meeting of AAK AB

At the Annual General Meeting of AAK AB (publ.) on May 11, 2016, the following
was resolved:
Board of Directors, auditor and fees
The number of directors will be six. The Meeting re-elected Melker Schörling,
Ulrik Svensson, Arne Frank, Märta Schörling, Lillie Li Valeur and Marianne
Kirkegaard as directors. Melker Schörling was re-elected Chairman of the Board.
The fees to the Board of Directors shall amount to a total of SEK 2,580,000
(including fees for committee work).
Re-election of the accounting firm PricewaterhouseCoopers, for a period of
mandate of one year, consequently up to and including the Annual General Meeting
2017, whereby the accounting firm has informed that the authorised public
accountant Sofia Götmar-Blomstedt will continue as auditor in charge. The
Meeting resolved that the auditor shall be remunerated according to agreement.
At the subsequent statutory board meeting it was resolved to elect Melker
Schörling and Ulrik Svensson as members of the Remuneration Committee, Melker
Schörling being chairman of the committee. Ulrik Svensson, Lillie Li Valeur and
Märta Schörling were elected members of the Audit Committee, Ulrik Svensson
being chairman of the committee.
Dividend
In accordance with the proposal of the Board of Directors, the Meeting resolved
to declare a dividend of SEK 7.75 per share. Friday, May 13, 2016 was determined
as record day for the payment of dividend. Payment from Euroclear Sweden AB is
expected to commence on Wednesday, May 18, 2016.
Nomination Committee
Mikael Ekdahl (Melker Schörling AB), Henrik Didner (Didner & Gerge fonder) and
Lars Åke Bokenberger (AMF Fonder) were re-elected and Johan Strandberg (SEB
Investment Management) was elected as members of the Nomination Committee for
the period up to the Annual General Meeting 2017, and Mikael Ekdahl was
appointed Chairman of the Nomination Committee.
Guidelines for remuneration to senior executives
The Meeting approved the Board of Directors’ proposal, principally entailing
that salaries and other terms of remuneration for the management shall be
competitive and in accordance with market terms. In addition to fixed basic
salary, the management may also receive variable remuneration with a pre
-determined cap of 110 percent of the fixed annual salary. The Board of
Directors shall be entitled to deviate from the guidelines if, in an individual
case, there are particular grounds for such deviation.
Comments from the CEO
CEO and President Arne Frank reported on the company’s operations during 2015
and the first quarter 2016. 2015 has been an eventful year for AAK. Strategic
acquisitions and partnerships, large greenfield factory construction projects
and new, game-changing and award-winning innovations have been some of the
highlights of the year. Moreover, the positive trend from 2014 has continued and
2015 showed an all-time high operating profit.
“Based on AAK’s customer value propositions for health and reduced costs, and
our customer product co-development and solutions approach, we continue to
remain prudently optimistic about the future. The main drivers are the continued
positive underlying development in Food Ingredients and a continued improvement
in Chocolate & Confectionery Fats”, commented Arne Frank, President and CEO, AAK
Group.
The presentation can be found in its entirety on the company’s website,
www.aak.com.

For further information, please contact:
Fredrik Nilsson
CFO
Mobile: +46 708 95 22 21
E-mail: fredrik.nilsson@aak.com
The information is that which AAK AB (publ.) is obliged to publish under the
provisions of the Stock Exchange and Clearing Operations Act and/or the Trading
in Financial Instruments Act. The information was released to the media for
publication on May 11, 2016 at 16:45 p.m. CET.


AAK is a leading provider of value-adding vegetable oils & fats. Our expertise
in oils & fats within food applications, our wide range of raw materials and our
broad process capabilities enable us to develop innovative and value-adding
solutions across many industries – Chocolate & Confectionery, Bakery, Dairy,
Infant Nutrition, Foodservice, Personal Care, and more. AAK’s proven expertise
is based on more than 140 years of experience within oils & fats. Our unique co
-development approach brings our customers’ skills and know-how together with
our own capabilities and mindset for lasting results. Listed on the NASDAQ OMX
Stockholm and with our headquarters in Malmö, Sweden, AAK has 19 different
production facilities, sales offices in more than 25 countries and more than
2,700 employees. We are AAK – The Co-Development Company.