Schouw & Co. — AGM Information 2012

Apr 11, 2012

TO THE DANISH FSA AND NASDAQ OMX COPENHAGEN COMPANY ANNOUNCEMENT

NO. 5/2012, APRIL 11, 2012 2 PAGES TOTALLY

Annual general meeting of Schouw & Co.

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

Management's review

The Chairman reported, among other things, that Schouw & Co. projects full-year 2012 consolidated revenue of DKK 12.5–13.0 billion. EBIT is expected to be in the DKK 660-740 million range, which implies an improvement on top of the substantial increase of 2011.

Approval of annual report

The shareholders voted to approve the annual report and the Board's recommendation that a dividend of DKK 4 per share be paid as well as the proposed resolution to discharge the Board of Directors and the Executive Management from liability.

Authorisation to acquire treasury shares

The shareholders approved the proposed resolution from the Board of Directors that the Board of Directors be authorised to let the Company, during the period until April 1, 2017, acquire treasury shares for ownership or as security within a total nominal value of 20% of the Company's share capital.

Amendment of article 2(7) of the Articles of Association

The shareholders adopted the resolution submitted by the Board of Directors to amend article 2(7) of the Articles of Association.

Amendment of article 4(1), first paragraph of the Articles of Association

The shareholders adopted the resolution submitted by the Board of Directors to amend article 4(1), first paragraph of the Articles of Association.

Election of members to the Board of Directors

Erling Eskildsen and Erling Lindahl were both re-elected and Agnete Raaschou-Nielsen was elected as new member of the Board of Directors.

Appointment of auditors

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

Authorisation to the chairman of the general meeting

The shareholders authorised the chairman of the meeting, or whoever the chairman may be replaced by in his absence, to file the resolutions approved by the general meeting for registration.

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.