Resolutions at Thule Group’s Annual General Meeting 2015

At the Annual General Meeting of Thule Group AB held on 29 April 2015, the
following was resolved.
Election of Board of Directors
Stefan Jacobsson (Chairman), Bengt Baron, Hans Eckerström, Liv Forhaug, Lilian
Fossum Biner, David Samuelson and Åke Skeppner were re-elected as members of the
Board.

Fees to the Board of Directors
It was resolved that Board fees, excluding remuneration for committee work,
shall be paid by SEK 800,000 to the Chairman of the Board and SEK 300,000 to
each of the Board members elected by the AGM. Work in the Audit Committee shall
be remunerated by SEK 100,000 to the Chairman of the Audit Committee. For
committee work in general no remuneration shall be paid in excess of the
ordinary Board fee.

Election of auditor
KPMG AB was re-elected as the company’s auditor for a period of mandate of one
year. KPMG AB has informed the company that authorized public accountant Helene
Willberg will continue as auditor in charge. It was resolved that auditor fees
shall be paid in accordance with approved account.

Dividend
In accordance with the proposal of the Board of Directors and the CEO, the
Annual General Meeting resolved to declare a dividend of SEK 2.00 per share for
2014. Further, it was resolved that the dividend shall be paid in two partial
payments for a more favorable adaptation to the group’s cash flow profile. 4 May
2015 was resolved as record date for the first payment of SEK 1.00 and 9 October
2015 as record date for the second payment of SEK 1.00. The first payment by
Euroclear is expected to start on 7 May 2015 and the second payment on 14
October 2015.

Principles for the Nomination Committee
The Annual General Meeting resolved in accordance with the Nomination
Committee’s proposal for principles for the Nomination Committee. The proposal
principally entails the following. The Nomination Committee in respect of the
Annual General Meeting shall be composed of the representatives of the four
largest shareholders in terms of voting rights listed in the share-holders’
register maintained by Euroclear as of September 30 each year, and the Chairman
of the Board of Directors, who will also convene the first meeting of the
Nomination Committee. The member representing the largest share-holder in terms
of voting rights shall be appointed chairman of the Nomination Committee, if not
the Nomination Committee unanimously appoints someone else.  The composition of
the Nomination Committee for the Annual General Meeting shall normally be
announced no later than six months before that Meeting. Remuneration shall not
to be paid to the members of the Nomination Committee. The term of office for
the Nomination Committee ends when the composition of the following Nomination
Committee has been announced. The Nomination Committee shall propose the
following: Chairman at the General Meeting, Board of Directors, Chairman of the
Board of Directors, auditor, remuneration to the Board of Directors divided
between the chairman and the other directors as well as remuneration for
committee work, remuneration to the company’s auditor and any changes in the
proposal for Nomination Committee for the Annual General meeting (if any). The
principles shall apply until further notice.

Guidelines for Remuneration to Senior Executives
The Annual General Meeting approved the Board’s proposal for guidelines for
remuneration to senior executives. The proposal principally entails the
following. The remuneration of senior executive management is to comprise fixed
salary, possible variable salary, pension and other benefits. The total
remuneration package should be based on market terms, be competitive and reflect
the individual’s performance and responsibilities as well as, with respect to
share based incentive schemes, the value growth of the Thule Group share
benefitting the shareholders. The variable salary may comprise annual incentives
in cash and long-term incentives in cash, shares and/or share-based instruments
in Thule Group AB. Variable salary in cash is condi-tional upon the fulfillment
of defined and measurable goals and should be maximized up to 75 per cent of the
annual fixed salary for the CEO and for the other executive management up to 60
per cent. Terms and conditions for variable salary should be designed so that
the Board, if exceptional economic circumstances prevail, has the option of
limiting or refraining from payment of variable salary if such a measure is
considered reasonable. The Board shall have the right to depart from the
guidelines resolved by the Annual General Meeting if, in an individual case,
there are special reasons for this.
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Enquiries, please contact:
Fredrik Erlandsson
SVP Communications and Investor Relations
Tel: +46 70 309 00 21
E-mail: fredrik.erlandsson@thule.com
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About Thule Group
Thule Group is a world leader in products that make it easy to bring the things
you care for – easily, securely and in style, when living an active life. Under
the motto Active Life, Simplified, we offer products within two segments:
Outdoor&Bags (e.g. equipment for cycling, water and winter sports, roof boxes,
bike trailers, baby joggers, laptop and camera bags, backpacks and cases for
mobile handheld devices) and Specialty (snow chains and pick-up truck tool
boxes). Our products are sold in 136 markets globally. There are more than 2,200
of us working for Thule Group at 10 production facilities and more than 35 sales
locations all over the world. Net sales for 2014 amounted to 4.7 billion SEK.
Thule Group is a public company listed at Nasdaq Stockholm.
For more information, please visit www.thulegroup.com