Annual General Meeting of Bure Equity

Annual General Meeting of Bure Equity · All Bure's shares in Observer to be distributed to the shareholders · Cash dividend of SEK 3.00 per share · Resolution regarding buy-back of shares · Peter Sandberg President and CEO The Annual General Meeting of Bure today resolved to distribute all Bure's A-shares in Observer to the shareholders in relation to the number of shares held in Bure. For every six shares, one share will be received in Observer. In the stockmarket, Bure's 33 per cent holding in Observer is valued at approximately SEK 1 900M, or SEK 17 per Bure share. Record day for the distribution is 2 May 2001. In addition to the distribution of Observer, the AGM decided to pay a cash dividend of SEK 3.00 per share, equivalent to SEK 327M in total. Record day is 2 May 2001. This means that the dividend is expected to be remitted on 7 May 2001. The cash dividend and the distribution of Bure's holding in Observer total SEK 1 900M, or SEK 17 per Bure share. The AGM authorised the Board of Directors to agree a buy-back of shares of up to 10 per cent of the number of outstanding Bure shares. In accordance with the proposal of the Board of Directors, shares in Observer are intitled to a dividend equivalent to SEK 0.45 per share in spring 2001. As previously announced, Roger Holtback stepped down as President of Bure Equity at the AGM. He did not stand for re-election to the Board of Directors. "Having led Bure from the start, I feel it is only natural for me to seek new challenges. It is very satisfactory to be able to leave a financially strong Bure with a professional organisation and interesting investment portfolio," said Roger Holtback at the AGM. Gösta Wiking, Maria Lilja, Leif Edvinsson, Erling Gustafsson and Hans Wilandh were re-elected as Board Members. Peter Sandberg was elected new Board Member. At the Inaugural Board Meting, Gösta Wiking was elected Chairman. Peter Sandberg was appointed President. In addition, the Board decided to exercise immediately the mandate authorised by the AGM relating to buy- back of shares. "I am very familiar with Bure's operations from my time as a Board Member during 1998-2000. I now look forward to leading this well- positioned company during a period which offers very considerable business opportunities," said Bure's new President, Peter Sandberg. Gothenburg, 26 April 2001 Bure Equity AB (publ) For further information, please contact: Peter Sandberg +46 31-335 76 35 Benny Averpil, Chief Financial Officer +46 31-335 76 35 Johanna Pettersson, Public Relations Officer +46 31-335 76 33 ------------------------------------------------------------ This information was brought to you by BIT The following files are available for download: