Studsvik — AGM Information 2013

Mar 19, 2013

March 19, 2013

Notice to attend the Annual General Meeting of the shareholders of Studsvik AB (publ)

Notice to the shareholders of Studsvik AB (publ), corporate identity number 556501-0997, to attend the Annual General Meeting to be held on Monday, April 22, 2013 at 4 p.m. at the World Trade Center, Klarabergsviadukten 70/ Kungsbron 1, Stockholm. The premises will open for registration at 3 p.m.

Registration etc.

Shareholders wishing to attend the Annual General Meeting must be registered in the share register kept by Euroclear Sweden AB on Tuesday, April 16, 2013 and must give notification of attendance to the company by noon on Tuesday, April 16 at the latest, either by letter to Studsvik AB, P.O. Box 556, SE-611 10 Nyköping, Sweden, by telephone on +46 155 22 10 33, by fax on +46 155 26 30 00 or by email to studsvik@studsvik.se. Notification of attendance can also be given on Studsvik's website, www.studsvik.se. Please specify name, personal or corporate identity number, address, telephone number and number of shares.

To be entitled to vote at the Annual General Meeting, shareholders whose shares are nominee-registered must register the shares in their own name with Euroclear Sweden AB. This re-registration must have been completed by Tuesday, April 16, 2013 at the latest. The shareholder must request the nominee to effect the re-registration well in advance of that date.

Shareholders who have appointed a proxy must issue a written, dated power of attorney to the proxy. A power of attorney issued for a legal person must be accompanied by a certified copy of a certificate of registration, no more than one year old. The original power of attorney should be sent to Studsvik AB in good time before the meeting. A proxy form is available on the company's website, www.studsvik.se, and can also be ordered by telephone, +46 155 22 10 33.

Shareholders wishing to bring advisors shall give notice of this in the time and manner applicable to shareholders.

The Board of Directors' complete proposals and requisite documents under the provisions of the Swedish Companies Act will be available at the company as of April 3, 2013.

The following business will be transacted at the Annual General Meeting

• 1 Opening of the meeting.
• 2 Election of chairman of the meeting.
• 3 Drawing up and approval of the voting list.
• 4 Approval of the agenda.
• 5 Election of one or two persons to verify the minutes.
• 6 Consideration whether the meeting has been properly convened.

March 19, 2013

• 7 Presentation of the annual accounts, consolidated accounts and audit report for 2012.
• 8 Report on the work of the Board, the Remuneration Committee and the Audit Committee.
• 9 Address by Michael Mononen, President.
• 10 Report on the audit work in 2012.
• 11 Resolutions concerning
• a) adoption of the income statement and balance sheet and the consolidated accounts and consolidated balance sheet,
• b) appropriation of the Company's profit according to the adopted balance sheet,
• c) discharge from liability of the members of the Board of Directors and the President.
• 12 Report of the Nomination Committee on its work.
• 13 Determination of the number of members of the Board of Directors.
• 14 Determination of the remuneration to the Board of Directors and auditor.
• 15 Election of the Board of Directors and auditor.
• 16 Other business.
• a) Election of members of the Nomination Committee
• b) Resolution on principles of remuneration and other conditions of employment for senior executives.
• 17 Closing of the meeting.

Proposed resolutions

The Nomination Committee has prepared the proposals for items 2, 13, 14, 15 and 16a and the Board of Directors has prepared the proposals for items 11b and 16b.

Item 2 Election of chairman of the meeting

The Nomination Committee proposes that the Chairman of the Board Anders Ullberg be elected chairman of the Annual General Meeting.

Item 11b Appropriation of the Company's profit according to the adopted balance sheet and the statement by the Board of Directors in accordance with Chapter 18, Section 4 of the Swedish Companies Act.

The Board of Directors proposes to the Annual General Meeting that no dividend be distributed for the 2012 financial year. The dividend for the 2011 financial year was SEK 1 per share.

In its dividend proposal, the Board of Directors has taken into consideration the company's need to strengthen its balance sheet, growth potential, liquid funds and financial position, as well as the risks associated with the business.

March 19, 2013

Item 13 Determination of the number of members of the Board of Directors

The Nomination Committee proposes that the Board of Directors shall consist of seven (7) members.

Item 14 Determination of the remuneration to the Board of Directors and the auditors

The Nomination Committee proposes that the fees remain unchanged, meaning that SEK 650,000 is payable to the Chairman and SEK 225,000 to ordinary members. The Nomination Committee further proposes that the fees to the members of the Audit Committee be unchanged, meaning that a fee of SEK 100,000 is payable to the chairman and a fee of SEK 50,000 is payable to members.

The Nomination Committee proposes that the remuneration to the auditors be in accordance with their approved invoice.

Item 15 Election of Board of Directors and auditor

Per Ludvigsson has announced that he is not available for re-election. The Nomination Committee proposes that Jan Barchan, Lars Engström, Anna Karinen, Alf Lindfors, Agneta Nestenborg and Anders Ullberg be re-elected and that Peter Gossas be elected.

Peter Gossas holds a Masters degree in engineering and has extensive experience of senior management positions in heavy industry. He was most recently Director of the Business Area Sandvik Materials Technology and was a member of Sandvik's Executive Group Management. Peter Gossas is a member of the board of Höganäs.

The Nomination Committee proposes that Anders Ullberg be elected Chairman of the Board.

The Nomination Committee proposes that the registered public accounting firm PricewaterhouseCoopers AB be elected as auditor up to the conclusion of the Annual General Meeting in 2014.

Item 16aElection of members of the Nomination Committee

The Nomination Committee proposes, in accordance with the instructions adopted at the Annual General Meeting in 2010, that Stina Barchan (Briban Invest), Jan Ebrell (representative of the Karinen family), Malte Edenius and Anders Ullberg (Chairman of the Board) be appointed as members of the Nomination Committee.

Item 16b Resolution on principles of remuneration and other conditions of employment for senior executives

The Board of Directors proposes that the General Meeting adopts a remuneration policy for senior executives with the following main features,

NOTICE TO ATTEND 4 (4)

March 19, 2013

which means no change is proposed to the policy adopted by the Annual General Meeting in 2012.

Fixed salary Senior executives will be offered a commercially competitive fixed salary based on the individual executive's responsibilities and powers. Salary shall be fixed for a calendar year.

Variable remuneration – Senior management may be offered variable remuneration. Variable remuneration may not exceed 50 per cent of fixed salary. Senior executives are entitled to convert variable remuneration to extra pension payments on their own initiative. Variable remuneration shall primarily be based on the Group's financial targets. A model for variable remuneration shall be determined for the financial year.

Pension – Apart from the provisions agreed in collective agreements or other agreements, senior executives are entitled to arrange pension solutions on an individual basis. Salary may be used instead to increase pension allocation, given that the cost to Studsvik remains unchanged over time.

Notice of termination and severance pay – A maximum period of notice of 12 months from either senior executives or Studsvik is applicable. A severance payment equivalent to a maximum of 12 months' salary, in addition to salary during the period of notice, may be payable.

Other

The total number of shares in Studsvik AB is 8,218,611 shares. Studsvik AB does not hold any shares of its own.

Shareholders are in the normal way welcome to put questions at the Annual General Meeting. To facilitate replies to questions, please post them in advance to Studsvik AB, P.O. Box 556, SE-611 10 Nyköping, Sweden, or via email to studsvik@studsvik.se.

Nyköping, March 2013 STUDSVIK AB (publ) Board of Directors