Hufvudstaden

AGM Information • Mar 24, 2011

HUFVUDSTADEN

PRESS RELEASE

Annual General Meeting of shareholders in Hufvudstaden 2011

Hufvudstaden held its Annual General Meeting today at the Grand Hôtel, Vinterträdgården, in Stockholm. The Meeting adopted the Board of Directors' proposal of a dividend of SEK 2.30 per share. The record date is Tuesday March 29, 2011 and the estimated date of dividend payment is Friday April 1, 2011.

Fredrik Lundberg, Claes Boustedt, Bengt Braun, Peter Egardt, Louise Lindh, Hans Mertzig, Sten Peterson, Anna-Greta Sjöberg and Ivo Stopner were reelected to the Board of Directors.

Fredrik Lundberg was reelected Chairman of the Board.

The Meeting decided that a remuneration of SEK 1,575,000 be paid to the Board of Directors, of which SEK 350,000 to the Chairman of the Board and SEK 175,000 to each of the other Board members, apart from the President.

The Meeting further adopted guidelines for remuneration to the executive management in accordance with the Board of Director's proposal.

The Meeting decided in accordance with the Board of Directors' proposal to grant the Board renewed authorization to acquire and assign the Company's own shares. At present, the Company holds approximately 2.4 per cent of the total number of issued shares.

Stockholm, March 24, 2011

HUFVUDSTADEN AB (publ)

Ivo Stopner President

Questions will be answered by: Fredrik Lundberg, Chairman of the Board, telephone +46 8 463 06 00. Ivo Stopner, President, telephone +46 8 762 90 00.

Regeringsgatan 38 Telefon Telefax Organisationsnummer 111 77 Stockholm 08-762 90 00 08-762 90 04 556012-8240