Schouw & Co. — AGM Information 2011

Apr 14, 2011

TO THE DANISH FSA AND NASDAQ OMX COPENHAGEN ANNOUNCEMENT

NO. 6/2011, APRIL 14, 2011 PAGE 1 OF 1

Annual general meeting of Schouw & Co.

The company's annual general meeting was held today with about 400 people attending.

Management's report

The Chairman reported, among other things, that Schouw & Co. projects full-year 2011 revenue of about DKK 11 billion. EBIT is expected to be in the DKK 450-525 million range, indicating a 20–40% improvement on 2010.

Approval of annual report

The shareholders voted to approve the annual report and the Board's recommendation that a dividend of DKK 3 per share be paid as well as the proposed resolution to discharge the Board of Directors and the Management Board from liability.

Authorisation to acquire own shares

The shareholders approved the proposed resolution from the Board of Directors that, pursuant to section 48 of the Danish Public Companies Act, the Board of Directors be authorised to allow the company, during the period until the next Annual General Meeting, to acquire own shares for ownership or as collateral up to an aggregate value of 20% of the company's share capital against consideration.

Election of board members

Kjeld Johannesen was re-elected to the Board of Directors.

Appointment of auditors

KPMG Statsautoriseret Revisionspartnerselskab were re-appointed as the company's auditors.

Any other business

No other business was considered.

Immediately after the general meeting the Board of Directors elected Jørn Ankær Thomsen Chairman and Erling Eskildsen Deputy Chairman of the Board.

Aktieselskabet Schouw & Co.

Jørn Ankær Thomsen Jens Bjerg Sørensen Chairman President

Questions relating to the above should be directed to Jens Bjerg Sørensen, President, on tel. +45 8611 2222.