Report from Atlas Copco’s Annual General Meeting 2012

Stockholm, Sweden, April 30, 2012: Atlas Copco AB on Friday April 27 held its
Annual General Meeting, chaired by Sune Carlsson, Chair of the Board of
Directors.
The income statements and the balance sheets of the parent company and the Group
were approved, together with the Board’s proposal for profit
distribution.

The proposed dividend of SEK 5.00 per share was approved.
Record day for the dividend is May 3, 2012, and the dividend is estimated to be
distributed by Euroclear Sweden AB on May 8, 2012.

Nine board members were
elected: Sune Carlsson, Staffan Bohman, Ulla Litzén, Anders Ullberg, Margareth
Øvrum, Johan Forssell, Gunilla Nordström and Ronnie Leten were re-elected. Peter
Wallenberg Jr was elected new member of the Board.

The Annual General Meeting
re-elected Sune Carlsson as Chair of the Board.

The Board of Directors’ fee
was approved as follows:

A fee of SEK 1 800 000 (1 750 000) to the chair and
SEK 540 000 (525 000) to each other Board member not employed by the company. An
unchanged fee to the members of the Audit Committee, at SEK 200 000 to the Chair
and SEK 125 000 to the other members of this committee. Unchanged fees of SEK 60
000 to each of the members of the Remuneration Committee. Unchanged fees of SEK
60 000 to each Board member who, in addition to the above, participates in a
committee in accordance with a decision of the Board of Directors.

The Annual
General Meeting approved the suggestion allowing Board members to receive half
of the board fee in the form of synthetic shares and the remaining part in cash.
The Annual General Meeting also approved that the obligation of the company to
pay an amount corresponding to the synthetic shares shall be hedged through the
purchase of own series A shares.

The Annual General Meeting approved the
proposal of the Board of Directors regarding guiding principles for remuneration
to senior executives (CEO and other members of Group management) and a
performance stock option plan for 2012.

The Annual General Meeting authorized
the Board to decide on the purchase and transfer of own series A shares, in
order to fulfill obligations related to the performance stock option plan for
2012, and to the part of the board fee that consists of synthetic shares. The
Board was authorized to sell shares in order to fulfill obligations related to
the performance stock option plans for 2007, 2008 and 2009, and to cover costs
related to synthetic shares to the Board of Directors.

The Annual General
Meeting approved the proposal regarding the Nomination Committee and its
tasks.

Statutory Board meeting

A statutory Board meeting was held after
the Annual General Meeting. Ulla Litzén, Chair, Sune Carlsson, Staffan Bohman
and Johan Forssell were re-elected to serve on the Audit Committee. Sune
Carlsson, Chair, and Anders Ullberg were re-elected as members of the
Remuneration Committee. Peter Wallenberg Jr was elected new member of the
Remuneration Committee.

The speech to the shareholders by Atlas Copco’s
President and CEO Ronnie Leten will be published on the Group's website:
www.atlascopco.com/agm, where also the minutes from the Annual General Meeting
will be published.
For further information please contact:
Daniel Frykholm, Media Relations
Manager
+46 (0)8 743 8060 or +46 (0)70 865 8060
Atlas Copco discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act.

Atlas Copco is an
industrial group with world-leading positions in compressors, expanders and air
treatment systems, construction and mining equipment, power tools and assembly
systems. With innovative products and services, Atlas Copco delivers solutions
for sustainable productivity. The company was founded in 1873, is based in
Stockholm, Sweden, and has a global reach spanning more than 170 countries. In
2011, Atlas Copco had 37 500 employees and revenues of BSEK 81 (BEUR 9). Learn
more at www.atlascopco.com.