Extraordinary General Meeting of AarhusKarlshamn AB, November 10, 2006

10/3/2006 2:40 AM EST

This is an unauthorised office
translation of the Swedish press
release. In case of any discrepancies
between the different versions,
the Swedish version shall prevail.


AarhusKarlshamn AB intends to convene an Extraordinary General Meeting, to be held on November 10, 2006, at 3.00 p.m. at the premises of World Trade Center with address Skeppsgatan 19 in Malmö, where the head office of the company is located. The convening of the Extraordinary General Meeting will be made within shortly according to customary routines.

In order to establish a more appropriate capital structure for the AarhusKarlshamn Group the Board of Directors has previously proposed that a dividend of SEK 4 per share for the financial year of 2005, as well as a one-off dividend of SEK 25 per share, shall be distributed to the shareholders.

However, the Annual General Meeting on May 23, 2006, could not resolve on the dividend, as it had to be made subject to a resolution by a subsequent Extraordinary General Meeting. The company has now received the necessary registration permit for the reduction of the statutory reserve with SEK 5,169,621,508.00 to SEK 0.00, from the Swedish Companies Registration Office. Therefore, the shareholders of AarhusKarlshamn can now at an Extraordinary General Meeting on November 10, 2006, decide upon the proposal on distribution of dividends from the Board of Directors.

Malmö, October 3, 2006

AarhusKarlshamn AB (publ)