Bulletin from Gunnebo AB's Annual General Meeting, April 27 2010

Bulletin from Gunnebo AB's Annual General Meeting, April 27 2010

Adoption of the profit and loss statement and balance sheet
The profit and loss statements and the balance sheets of the parent company and
the Group were approved.

Dividend 
It was decided that no dividend will be distributed for 2009 in accordance with
the proposal of the Board and the President (previous year SEK 0).

Election of the Board of Directors
Mikael Jönsson, Martin Svalstedt, Lena Olving, Björn Eriksson, Bo Dankis and
Göran Bille were re-elected as ordinary members of the Board of Directors.
Katarina Mellström was elected a new member of the Board of Directors. Lena
Olving was not available for re-election.

Martin Svalstedt was re-elected as Chairman of the Board. 

Board fees
The AGM decided on a total fee to the Board of Directors for 2010 amounting to
SEK 1,525,000, to be divided with SEK 400,000 to the Chairman of the Board
(including remuneration for committee work) and with SEK 225,000 to each of the
other Board members elected by the shareholders, and a special fee of a total of
SEK 100,000 as compensation for committee work. The fees are unchanged in
relation to previous year.

Nomination Committee
The AGM approved the proposal presented regarding the Nomination Committee and
its tasks.

Principles for remuneration to senior executives
The AGM approved the Board's proposal regarding principles for remuneration to
senior executives.

Incentive programme 2010/2014
The AGM decided to implement the Incentive Programme 2010/2014 through an issue
of a maximum of 550,000 warrants with the right to subscribe for new shares in
Gunnebo AB. The warrants shall be transferred at market price to 46 senior
executives and key employees within the Gunnebo Group. 

Amendment of Articles of Association
The AGM approved the Board's proposal to change the first sentence in item ii)
of § 9 in the Articles of Association. The new wording is: “Notice convening the
Annual General Meeting shall be given by means of an announcement in Post- och
Inrikes Tidningar, Dagens Industri and Göteborgs-Posten.”

CEO's address to the AGM

Get It Right action programme
“Gunnebo's goal is to create value for its owners, customers, employees and
society in general. An action programme called “Get It Right” was initiated
during 2009 to ensure the longevity of the Group's value creation. The programme
aims to strengthen Gunnebo's market position and thereby improve the operation's
financial results.

“As part of the “Get It Right” action programme a strategic review of the
Group's operations is now completed and it is clear that our future core
businesses are within bank security and cash handling, services, secure storage
and entrance control. We will be investing more proactively in global product
and system sales where our service offerings are an integral part of our
business, creating value and growth potential. In addition, we will focus on
improving research and development.

“In order to implement and execute the new strategy, a new organisation is
required and will be implemented as of July 1, 2010. The new organisation will
consist of Gunnebo's sales regions and business areas. Focus will be on
profitability, business development and implementation.

Full year 2009 
“2009 was a year when the economic conditions have been weak in many of the
Group's main markets. Despite this, we have managed to keep sales to our main
customer group Bank at a satisfactory level. Cash flow for the full year was
very strong, 683 MSEK (255), net debt decreased to 1,048 MSEK (1,967) and the
debt / equity ratio fell to 0.7 (1.8). 

“You, our shareholders, have helped us secure our long-term financing. With your
support we have been able to inject half a billion SEK into the company thanks
to a share issue with preferential rights. I would like to extend my sincere
gratitude for showing confidence and faith in the future of Gunnebo and our
operation!

First quarter 2010
“We note a stable order intake for the first quarter, organically it increased
with 14 per cent. Market development was stable on the main markets in Europe
and in Business Line Bank, and the market for Secure Storage has begun to
recover on the main markets in Europe and on markets in Region Indian Ocean
Rim.”

Gothenburg, April 27, 2010 

GUNNEBO AB (publ)
Group Communications

For further information, please contact:
Per Borgvall, President and CEO Gunnebo AB, tel. +46 (0)31-83 68 00, or
Hans af Sillén, Chief Financial Officer, Chief Information Officer Gunnebo AB,
tel. +46 (0)31-83 68 00, or
Karin Wallström, Group Communication Manager Gunnebo AB, tel. +46 (0)31-83 68
06, mobile: +46 (0)708-28 33 39, or e-mail: karin.wallstrom@gunnebo.com  

www.gunnebo.com

The information is such that Gunnebo is obliged to make it public in accordance
with the Swedish Securities Markets Act and/or the Financial Instruments Trading
Act. The information was submitted for publication on 27 April 2010 at 18.01
CET.

Gunnebo security group has an annual turnover of MEUR 640 and 5,900 employees.
We are suppliers of integrated security solutions for bank, retail and sites in
need of high security protection. Our experience and presence make your world
safer.