Resolution at Mekonomen's Extraordinary General Meeting on 25 February 2011

Resolution at Mekonomen's Extraordinary General Meeting on 25 February
2011

The Extraordinary General Meeting has approved the new share issue of
1,945,783 shares, thus increasing the company's share capital by SEK
4,864,457.50. The increase corresponds to a dilution of the share
capital by 5.9 per cent. Otto Olsen Invest AS is entitled to subscribe
for the new shares. As payment for the 1,945,783 newly issued shares,
Otto Olsen Invest AS will contribute, upon subscription, 43,487 shares
in A/S Sørensen og Balchen. The subscription for shares will occur not
later than 15 August 2011. 

As announced in a press release on 27 January 2011, Mekonomen has signed
an agreement with Otto Olsen Invest AS to acquire all 75,920 shares in
the Norwegian company A/S Sørensen og Balchen. The purchase
consideration for said shares shall partly comprise a cash amount of NOK
272,975,000 and the remaining portion will comprise 1,945,783 shares in
Mekonomen.

The non-cash issue resolved by the General Meeting is a feature of the
acquisition of shares in A/S Sørensen og Balchen and the aim of the
non-cash issue is to enable the company to fulfil its obligations to pay
the purchase consideration according to what was described.

The resolution on the non-cash issue is conditional upon the
implementation of the acquisition and that Mekonomen takes possession of
all shares in A/S Sørensen og Balchen.

For further information, please contact:
Håkan Lundstedt, President and CEO of Mekonomen AB, +46 (0)8-464 00 00
Fredrik Persson, Chairman of the Board of Mekonomen AB, +46 (0)8-701 61
00

Mekonomen AB (publ), Corp. Reg. No: 556392-1971
Box 6077, SE-141 06 Kungens Kurva.
Tel: +46 (0)8-464 00 00, Fax: +46 (0)8-464 00 66