At the extraordinary general meeting on 30 August 2004 the board's proposals for new share issues and convertible debentures were ratified:

1. A new share issue of up to 40,720,026 new shares in the Company, each with a nominal value of SEK 50. Each lot of 20 class A or class B shares in Fabege AB entitles the holder to twenty-one new shares in the Company.

2. The raising of a convertible debenture loan of up to SEK 4,091,393,074 through the issuance of convertible promissory notes with a total value not exceeding the nominal loan amount. The debenture loan shall carry interest of 5.25 per cent per year and expire on 1 October 2009. During the term of the loan the debt instruments may be converted into shares, each with a nominal value of SEK 50, in the Company at a conversion rate of SEK 105.50 per share. The promissory notes may thus be converted into no more than 38,780,977 new shares in Wihlborgs. Each class A or class B share in Fabege AB entitles the holder...