Notice of Annual General Meeting 1 April 2004


Ratos's Annual General Meeting will be held on Wednesday, 1 April at 5.30 p.m. in Berwaldhallen, Stockholm. The complete notice of the meeting is available at where attendance can also be notified. Complete company documentation will be available at Ratos's head office, Drottninggatan 2, Stockholm, and on the company's website from 18 March.
Board of Directors and Auditors
The Nomination Committee appointed by shareholders representing more than 70% of the company's shares, proposes re-election of Board members Olof Stenhammar (Chairman), Lars Berg, Peggy Bruzelius, Göran Grosskopf, Arne Karlsson (CEO), Jan Söderberg and Per-Olof Söderberg. New election as auditors of accounting firm KPMG Bohlins AB with Thomas Thiel as auditor in charge until the 2008 Annual General Meeting has been held.
Proposed dividend SEK 7.25
The Board proposes a dividend of SEK 7.25 per  share (6.75) of class A and B. The record date for the right to receive dividends is 6 April and dividends are expected to be paid on 13 April.
Share buy-backs and reduction of share capital
The Board of Directors will propose that the Annual General Meeting gives the Board a mandate to decide, during the period until the next Annual General Meeting, on repurchase of a maximum number of shares so that the company's holding at any time does not exceed 7% of all the shares in the company. The purpose of the buy-backs is to give the Board more room for manoeuvre in its work to create value for the company's shareholders.
The Board of Directors will propose to the Annual General Meeting that the company's share capital be reduced by SEK 6,250,000 through cancellation without repayment of 500,000 B shares repurchased by the company. The purpose of the cancellation is that the amount by which the share capital is reduced will be transferred to unrestricted equity.
Incentive programme
The Board proposes a decision to issue a maximum of 250,000 call options on repurchased Ratos shares to be transferred at a market premium to key employees within Ratos. The intention is that option purchases should be partly subsidised. It is further proposed that the Annual General Meeting decides on a transfer of a maximum of 250,000 shares in the company when the above-mentioned options are exercised.
For further information:
Olof Stenhammar, Chairman Ratos, +46 8 700 17 63
Arne Karlsson, CEO Ratos, +46 8 700 17 00