GN Store Nord — AGM Information 2013

Mar 21, 2013

Copenhagen, 2013-03-21 12:50 CET (GLOBE NEWSWIRE) -- Today, GN Store Nord held
its annual general meeting (AGM).

The Chairman’s Report was adopted and both the Annual Report 2012 and the
proposal to distribute dividends of DKK 0.49 per share were approved.

The amended general guidelines for incentive pay to management were adopted by
the general meeting which also approved the Board of Directors’ proposal for
authorization to reduce the share capital through cancellation of treasury
shares. The Board of Directors was provided the requested authorization to
acquire treasury shares in the Company for a nominal value of up to 10% of the
share capital of the Company. The Board of Directors’ proposal to reduce the
maximum capital increase, which the Board of Directors is authorized to
resolve, to DKK 130,000,000 was approved. The authorization is valid until
April 30, 2014 but is renewable for one or more periods of one to five years’
duration.

Per Wold-Olsen, René Svendsen-Tune, William E. Hoover, Jr., Carsten Krogsgaard
Thomsen and Wolfgang Reim were re-elected to the Board of Directors by the
general meeting. Hélène Barnekow was elected as new member of the Board of
Directors.

Furthermore, it was decided that the total remuneration of the Board of
Directors will constitute DKK 6,075,000 for 2013.

KPMG was re-appointed as the Company’s auditor.

At the following constituting board meeting Per Wold-Olsen was elected Chairman
and William E. Hoover, Jr. was elected Deputy Chairman. Per Wold-Olsen was also
elected as Chairman of the Remuneration Committee and the Nomination Committee.
Carsten Krogsgaard Thomsen was elected as Chairman of the Audit Committee and
Wolfgang Reim was elected chairman of the Strategy Committee.

Agenda for AGM 2013:

1. Report by the Board of Directors on the activities of the Company during
   the past year
2. Submission of the audited annual report for approval and resolution to
   discharge the Board of Directors and the Executive Board
3. Resolution on appropriation of pro?t or covering of loss in accordance with
   the adopted annual report
4. Approval of the remuneration to the Board of Directors for the present
   ?nancial year
5. Election of members to the Board of Directors
6. Election of a state-authorized public accountant to serve until the
   Company’s next annual general meeting
7. Proposals by the Board of Directors and shareholders

          g.1     Proposals by the Board of Directors
   
                    g.1.1  Proposal by the Board of Directors to adopt
   

   amended general guidelines for incentive pay
   to the management

                    g.1.2  Proposal by the Board of Directors to authorize
   

   the Board of Directors to acquire treasury shares

                    g.1.3  Proposal by the Board of Directors to authorize
   

   the Board of Directors to reduce the share capital through
   the cancellation of treasury shares

                    g.1.4  Proposal by the Board of Directors to renew the
   

   authorization to the Board of Directors to increase the share
   capital, see Article 5.1 of the Articles of
   Association

          g.2   Proposals from shareholders
   

h) Any other business

For further information please contact:

Michael Bjergby
Director – IR, Communications, CSR & Treasury
GN Store Nord A/S
Tel: +45 45 75 02 92