Bong — AGM Information 2020

Jun 25, 2020

ANNUAL GENERAL MEETING IN BONG AB (publ)

TheAnnualGeneralMeeting inBongAB (publ) held today adopted thefollowing resolutions.

Board of Directors andAuditors

Re-election ofChristian Paulsson, EricJoan, MikaelEkdahl, Stéphane Hamelin, Helena Persson and Stefan Lagerand newelection of Per Åhlgren as ordinary board members.

Christian Paulssonwaselected as Chairman ofthe Board.

Directors' fees were set at an amount of SEK 300,000 to the Chairman and SEK 150,000 to each of the other board members not employed with thecompany. Fees forcommittee work will be paid to the Chairman oftheAudit Committee with SEK 100,000 and SEK 50,000 to eachmember.

Election of the accounting firm PricewaterhouseCoopers AB for a one year period of mandate, consequently up to and including the AGM 2021, whereby theaccounting firmhas informed thatauthorised publicaccountant Lars Nilssonwill betheauditor in charge. Fees to theauditors will be paid as peragreement.

Disposition of result

The Meeting adopted the proposal ofthe Board ofDirectors that no dividend is to be distributed for thefinancial year 2019 and that theresults ofthe company of SEK 182,007,709.59 in total, including this year's result of SEK -126,166,217.04 should becarried forward.

Nomination Committee

Re-election of Stéphane Hamelin (Holdham S.A.), Christian Paulsson (Paulsson Advisory AB) and Ulf Hedlundh (Svolder Aktiebolag) as members ofthe NominationCommittefor theAGM 2021. Stéphane Hamelinwaselected Chairman ofthe NominationCommittee.

Remuneration andAudit Committee

At the subsequent statutory board meeting Christian Paulsson, Mikael Ekdahl and Stéphane Hamelin, were elected as members of the Remuneration Committee for the period up to the next statutory board meeting. Further, Mikael Ekdahl and Christian Paulsson were elected as members oftheAudit Committeefor thesame period.

Guidelines for remuneration to seniorexecutives

The Meeting adopted guidelines for remuneration to seniorexecutives in accordance with the proposal ofthe Board ofDirectors.

Authorisation for the Board of Directors to resolve on issues of shares, warrants and/orconvertibles

The Meeting resolved to authorise the Board of Directors to, on one or several occasions during the period up until the nextAGM, with or without deviation fromthe shareholders' preferential right, resolve on issues ofshares, warrants and/or convertibles. The authorisation also includes the right to resolve on issues of shares, warrants and/or convertibles with terms concerning issues in kind, offset rights or other terms stated in the Swedish CompaniesAct. The total number ofshares that may be issued by virtue ofthe authorisation shall be within the limits ofthe share capitalas stated in the Articles ofAssociation. The purpose of the authorisation is to strengthen the company's capital base and equity ratio or to ensure financing of acquisitions ofcompanies or businesses. Issues by virtue oftheauthorisation shall be made onmarketconditions.

Amendment of theArticles ofAssociation

The Meeting resolved on amendment of the Articles of Association due to previous and expected changes in legislation in accordance with the proposal ofthe Board ofDirectors.

Malmö, 25 June 2020

BongAB (publ) The Board ofDirectors

The information was submitted for publication at 16.30 CET on 25 June 2020. For further information, contact Kai Steigleder, CEO, BongAB. Telephone(switchboard) +46 44 20 70 00.

commerce and theenvelope market within Eastern Europe. The Group has annualsales of approximately SEK 2.2 billion and about 1,300

Bong is one of theleading providers of envelope products in Europethat also of ers solutions for distribution and packaging of information, advertising materials and lightweight goods. Important growth areas in the Group are packaging within retail and ecommerce and theenvelope market within Eastern Europe. The Group has annualsales of approximately SEK 2.2 billion and about 1,300 employees in 14 countries.

Bong has strong market positions in most of theimportant markets in Europe and the Group sees interesting possibilities forcontinued development. Bong is a publiclimited company and its shares arelisted on Nasdaq Stockholm (Small Cap).