GN Store Nord — AGM Information 2014

Mar 21, 2014

Copenhagen, 2014-03-21 12:38 CET (GLOBE NEWSWIRE) -- Today, GN Store Nord held
its annual general meeting in accordance with its agenda announced on February
27, 2014.

The report by the board of directors was adopted, and both the Annual Report
2013 and the proposal to distribute dividends of DKK 0.84 per share were
approved.

Per Wold-Olsen, William E. Hoover, Jr., René Svendsen-Tune, Carsten Krogsgaard
Thomsen, Hélène Barnekow and Wolfgang Reim were re-elected to the board of
directors by the general meeting. The general meeting also approved the
remuneration to the board of directors of DKK 6,675,000 for 2014.

Furthermore, KPMG Statsautoriseret Revisionspartnerselskab was re-elected as
the company’s auditor.

Proposals by the board of directors were all approved, including the proposal
to only prepare and present the annual report in English going forward.

The proposals submitted by a shareholder under item h) were not approved.

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 as chairman of the strategy
committee.

Agenda for the annual general meeting:

a) Report by the board of directors on the activities of the company during the
past year

b) Submission of the audited annual report for approval and resolution to
discharge the board of directors and the executive board

c) Decision on application of profits or covering of losses in accordance with
the approved annual report

d) Approval of the remuneration to the board of directors for the present
financial year

e) Election of members to the board of directors

f) Election of a state-authorized public accountant to serve until the
company’s next annual general meeting

g) Proposals by the board of directors

1. Proposal by the board of directors to authorize the board of directors to
   acquire treasury shares
2. Proposal by the board of directors to authorize the board of directors to
   reduce the share capital through the cancellation of treasury shares
3. Proposal by the board of directors to renew the authorization to the board
   of directors to increase the share capital, see article 5 of the articles
   of association
4. Proposal by the board of directors to use Computershare A/S as registrar
   and to amend article 4.3 in the articles of association for consistency
5. Proposal by the board of directors to prepare and present the annual report
   in English only going forward and to amend article 15.3 in the articles of
   association for consistency
6. Proposal by the board of directors to delete the time and voting
   restrictions on proxies given to the management of the company in article
   10.4 in the articles of association
7. Proposal by the board of directors to delete article 5.4 in the articles of
   association and amend articles 22 and 23 in the articles of association for
   consistency

h) Proposals by shareholders

i) Any other business

For further information please contact:

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