Communiqué from the Trelleborg AB 2003 Annual General Meeting

Communiqué from the Trelleborg AB 2003 Annual General Meeting As always, the Trelleborg Annual General Meeting was well attended and attracted slightly approximately participants to Söderslättshallen in Trelleborg. In his address, Group CEO Fredrik Arp commented on operations during 2002 and made special note of the strong focus on organic growth within the Group, which led to Trelleborg strengthening its competitiveness during the year. He also highlighted the restructuring and efficiency enhancement programs implemented during 2002, which contributed to the Group showing stable development, despite the weak economic climate. Dividend The Meeting resolved to pay a dividend of SEK 4.25 per share in accordance with the proposal made by the Board of Directors and President. April 29 was approved as the record date for the dividend, which means that the dividend is expected to be paid out via VPC on May 5. The Group's dividend policy means that over the long term the dividend should amount to between 30 and 50 percent of net profit for the year. The dividend proposed means that approximately 57 percent of net profit, excluding items affecting compatibility, will be distributed. Board of Directors In accordance with a proposal from shareholders representing about 65 percent of the voting rights, the Meeting resolved that the number of elected Board members should remain unchanged at seven persons and that as before no deputy members should be elected. All members of the Board were reelected. The Meeting resolved that the fee to be paid to the Board should remain unchanged at SEK 1,350,000 and be distributed by the Board to those members of the Board who are not employed within the Group. Buy-back of shares The Meeting extended the Board's earlier authorization to purchase 10 percent of the shares outstanding in the Company during the period up to the next Annual General Meeting. Proposals from the Swedish Association of Share Investors The Swedish Association of Share Investors presented proposals for a nominating committee, a compensation committee and an audit committee. The Meeting decided to reject the proposal regarding a nominating committee. Instead, the Board Chairman was given the mandate to appoint a maximum of five members from among the Company's major shareholders who, under the Chairman's leadership, shall jointly produce a proposal for the Board to present to the General Meeting for approval. The Meeting also decided to reject the proposal regarding an audit committee and instead decided that the current close contact between the auditors and all Board members be continued. The Association of Share Investors proposal for a compensation committee to be appointed to prepare compensation agreements for the President and other members of senior management is fully in accordance with the procedures already followed by the Board. For further information, please contact Mikael Byström, Senior Vice President, Corporate Communications, telephone: +46 410 670 37, or 0708- 552169. Trelleborg is a global industrial group. Operations are based on spearhead competence within polymer materials and a high level of industrial know-how, combined with functional solutions and systems designed to meet the needs of customers. The Trelleborg Group has annual sales of approximately SEK 18 billion, with about 15,000 employees in 40 countries. Trelleborg consists of four business areas: Trelleborg Automotive, Trelleborg Wheel Systems, Trelleborg Engineered Systems and Trelleborg Building Systems. The Trelleborg share has been quoted on the A List of Stockholmsbörsen since 1964. ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download: