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.


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