H+H International

AGM Information • Apr 10, 2014

Company Announcement No. 294, 2013

Copenhagen, Denmark, 2014-04-10 16:30 CEST (GLOBE NEWSWIRE) --

H+H International A/S
Dampfærgevej 3, 3rd Floor
2100 Copenhagen Ø
Denmark
Telephone: +45 35 27 02 00
www.HplusH.com
CVR No. 49 61 98 12

Business transacted at annual general meeting and first meeting of the Board of
Directors

The annual general meeting of H+H International A/S was held on Thursday 10
April 2014 at 2.30 pm in accordance with the agenda in the notice of 18 March
2014 convening the annual general meeting.

The shareholders in general meeting passed the proposal by the Board of
Directors that the annual report for 2013 and future interim and annual reports
be prepared and presented in English. In consequence hereof a new Article 14.6
will be inserted in the Articles of Association stating that the company’s
annual and interim reports shall be prepared and presented in English.

The shareholders in general meeting adopted the audited annual report for 2013
and passed the resolution proposed by the Board of Directors that the loss
according to the adopted annual report for 2013 be carried forward to the next
financial year, and that there shall be no payment of dividend. The Board of
Directors and the Executive Board were discharged with respect to the
performance of their obligations.

The shareholders in general meeting passed the proposal by the Board of
Directors for the remuneration of the Board of Directors for the 2014 financial
year.

As proposed by the Board of Directors, the shareholders in general meeting
re-elected Kent Arentoft, Stewart A Baseley, Asbjørn Berge, Pierre-Yves Jullien
and Henriette Schütze to the Board of Directors.

As proposed by the Board of Directors, Deloitte Statsautoriseret
Revisionspartner-selskab was re-appointed as the company’s auditor.

The shareholders in general meeting passed the proposal by the Board of
Directors for approval of the updated Remuneration guidelines for the Board of
Directors and Executive Board, including general guidelines on incentive pay
for the Executive Board.

The shareholders in general meeting passed the proposal by the Board of
Directors for amendment of Article 11.4 of the Articles of Association, whereby
restrictions on proxies for the Board of Directors were repealed.

The shareholders in general meeting passed the proposal by the Board of
Directors for amendment of Article 13.1 of the Articles of Association, whereby
the age limit of 70 years for board members was removed.

The shareholders in general meeting passed a resolution granting the Board of
Directors authority, until the next annual general meeting, to permit the
company to purchase a maximum of 981,000 own shares (equivalent to 10% of the
shares issued by the company) to the extent that the nominal value of the
company’s total holding of shares at no time exceeds 10% of the company’s share
capital. The purchase price may not deviate by more than 10% from the market
price quoted on NASDAQ OMX Copenhagen at the time of the purchase.

At a meeting of the Board of Directors held immediately after the annual
general meeting, the Board of Directors re-elected Kent Arentoft as its
chairman.

Kent Arentoft
Chairman of the Board of Directors

Michael T Andersen
CEO

For additional information please contact:
Michael T Andersen, CEO, or Niels Eldrup Meidahl, CFO, on telephone +45 35 27
02 00.

This is a translation of the company's announcement in Danish. In case of
inconsistency between the Danish text and this English translation, the Danish
text will take precedence.