Axactor SE — AGM Information 2010

May 7, 2010

Announcement from IGE Resources AB's Annual General Meeting 2010

Announcement from IGE Resources AB's Annual General Meeting 2010

The shareholders of IGE Resources AB (publ) held the Annual General

Meeting on Thursday 6th of May 2010 in Stockholm, Sweden. This is a

summary of the most important decisions made by the

Annual General Meeting:

Annual Report

The annual report and the auditor's report as well as the consolidated

annual report and the auditor's group report were presented. The income

statement and the balance sheet for both the parent company and the

consolidated group were accepted by the Meeting.

Discharge from liability

The Meeting discharged the members of the Board and the CEO from

liability.

Fees

The fees to be paid to the Board of Directors were set by the Meeting at

a total of SEK 2 million (preceding year: SEK 1.4 million), with SEK 500

thousand to the chairman and SEK 300 thousand to each of the other

members of the Board. It was resolved that the fees to the accountants

would be paid according to reasonable and by the Company approved

invoices.

Board of Directors

The Meeting decided to re-elect John Afseth, Magne Aaby, Timothy George,

Rob Still, Anton Esterhuizen and to new elect Olle Johansson (see

enclosed short CV). John Afseth was re-elected Chairman of the Board.

Nomination Committee

The Meeting resolved to establish a Nomination Committee for the next

Annual General Meeting whereby the two largest shareholders in the

Company as per September 30, 2010, will appoint one representative each

who together with the Chairman of the Board shall comprise the

Nomination Committee.

Guidelines for remuneration of the senior management

The Meeting approved the guidelines proposed by the Board regarding

remuneration to the CEO and other leading officials in the senior

management.

Conditional amendment of the Articles of Association

The Meeting decided, as proposed by the Board, to adjust the Articles of

Association as regards notices of general meetings to new regulations

expected to come into force before the AGM 2011. The adjustment is

however conditioned by such legislation taking effect. According to the

new rules, notice of general meeting can be advertised in Post och

Inrikes Tidningar and on the Company's web site.

Authorization to decide on new issues

The Meeting resolved to authorize the Board for the period until the

next Annual General Meeting, at one or more occasions, with or without

preferential rights for the shareholders to decide on new issues of

shares, convertibles and/or warrants encompassing a share capital

increase of up to SEK 25,000,000 corresponding to up to 500,000,000 new

shares.

Presentation by CEO

International Gold Exploration IGE AB's CEO, Tomas Fellbom, commented on

the development during the fiscal year 2009 and briefly presented the

possibilities that IGE faces during 2010.

For further information, please contact:

Tomas Fellbom

CEO, IGE Resources AB

Telephone: +46 8 402 28 00/ +46 73 322 57 86

E-mail: tomas.fellbom@ige.se

Thomas Carlsson

CFO, IGE Resources AB

Telephone: +46 8 402 28 00/ +46 70 552 26 22

E-mail: thomas.carlsson@ige.se

IGE Resources AB (publ) is a Scandinavian company mainly focusing on

diamonds exploration and production in Southern Africa. IGE's portfolio

also includes one of Northern Europe's largest nickel deposits and gold

exploration projects in Kenya. IGE is headquartered in Stockholm and its

shares are listed on the Oslo Stock Exchange (ticker: IGE). Please refer

to www.ige.se for more detailed information.