Annual General Meeting in Lagercrantz Group AB August 21, 2002

8/21/2002 1:53 PM EST

Dividend
A dividend of SEK 0.90 per share was resolved.

Board of Directors
The following directors were re-elected:
Pirkko Alitalo
Anders Börjesson
Jan Friis
Tom Hedelius
Lennart Sjölund

At the subsequent statutory Board of Directors meeting, Anders Börjesson
was re-elected to the post of Chairman. Tom Hedelius was re-elected to
the post of Vice Chairman.

Repurchase and conveyance of own shares
In accordance with the proposal of the Board of Directors, the regularly
scheduled Annual General Meeting has today resolved to authorize the
Board of Directors to acquire and sell, on one or more occasions, shares
in the Company, such authorization to remain in effect until the next
following regularly scheduled Annual General Meeting.

Acquisition shall be effected over the Stockholm Stock Exchange at the
market price in effect from time to time. Acquisition of own shares
shall be limited so that the Company's holding of shares in treasury at
no time exceeds 10 percent of all of the Company's shares outstanding.

Sales of shares held in treasury may be effected with or without regard
to the preferential rights for existing shareholders, but not over the
Stockholm Stock Exchange. Sales may be effected to finance corporate
acquisitions or acquisition of businesses.

Next report
An interim report for six months will be published November 22, 2002.

Stockholm, August 21, 2002

Lagercrantz Group AB (publ)

For further information, contact:
Jan Friis, President & CEO, Lagercrantz Group AB or
Per Ikov, Executive Vice President, Lagercrantz Group AB

Telephone +46-8-700 66 70