AGM

The Annual General Meeting of Bilia AB is the highest decision-making body in the Bilia Group. At the AGM the shareholders exercise their right to vote in order to make decisions regarding the composition of the Board and other important matters. Shareholders wishing to present proposals to the Nominating Committee or the Annual General Meeting are welcome to contact Bilia or the Nominating Committee.

Only shares of Series A are issued in the company, and each share entitles the holder to one vote, with no limits on how many votes a shareholder can cast. According to the Articles of Association, the company’s Board of Directors shall consist of at least seven and at most ten members, with at most an equal number of deputy members.

There are no special restrictions in the Articles of Association for appointing or removing board members or amending the Articles of Association. The instructions issued by the AGM in 2010 are followed for the nomination of Board members. The AGM is regulated by the Swedish Companies Act, the Articles of Association and the Swedish Code of Corporate Governance. Bilia’s Articles of Association are shown at the end of the annual report and are also available on the company’s website. For more information on the Swedish Code of Corporate Governance, see www.bolagsstyrning.se 

The Annual General Meeting will be held on 4 May at 11 a.m. at Bilia’s facility at Haga Norra, Frösundaleden 3, in Stockholm. Shareholders who wish to have a matter on the agenda at the AGM are advised to contact Bilia no later than 16 March 2012 in order for the matter to be included in the notice of the meeting.