Resolution adopted at an extraordinary general meeting of Klövern AB (publ) - Seite 2

The shareholders' meeting also adopted resolutions in accordance with the board of directors' other proposals under item 8 in the notice to attend the extraordinary general meeting.

Bonus issue of Class B ordinary shares

It was resolved to increase the share capital through a bonus issue in accordance with the following main provisions.

The company's share capital will be increased by SEK 1,665,443,600 through the issuance of 1,665,443,600 new Class B ordinary shares. One (1) Class A ordinary share will entitle the holder to ten (10) new Class B ordinary shares. According to the articles of association, holdings of preference shares will not entitle the holder to new Class B ordinary shares. The amount by which the share capital is increased will be provided from unrestricted shareholders' equity in the amount of SEK 747,729,440 and from statutory reserves in the amount of SEK 917,714,160. The record date for the bonus issue shall be 5 December 2014. New Class B ordinary shares will entitle the holders to participate in dividends for the first time on the record date for dividends which occurs immediately after the bonus issue has been registered with the Swedish Companies Registration Office and the shares have been entered in the share register maintained by Euroclear Sweden AB.

The shareholders' meeting also adopted resolutions in accordance with the board of directors' other proposals under item 9 in the notice to attend the extraordinary general meeting.

Amendment of the articles of association regarding the number of shares, etc. and resolution regarding a 1:2 consolidation of shares (reverse share split)

It was resolved pursuant to the Board of directors' proposal to carry out a 1:2 consolidation of shares (reverse share split). The above-stated entails that two Class A ordinary shares will be consolidated into one Class A ordinary share, that two Class B ordinary shares will be consolidated into one Class B ordinary share, and that two preference shares will be consolidated into one preference share.

The board of directors was authorized by the shareholders to set the record date for the consolidation.

It was also resolved that, due to the consolidation, the articles of association would be amended with respect to the number of shares issued by the company to be not less than 800,000,000 and not more than 3,200,000,000. With respect to preference shares, amendments were made in the articles of association due to the consolidation to render them consistent. The above-stated entails that the total dividend per preference share will be SEK 20 per year and that, with respect to redemption rights and the rights of holders of preference shares to participate in distributions of the company's assets upon dissolution of the company, the amounts set forth in these provisions will be adjusted in relation to the proposed consolidation.