Karo Bio’s annual general meeting

KARO BIO’S ANNUAL GENERAL MEETING

At Karo Bio’s Annual General Meeting, April 26, 2001 the following was
resolved.

Dividend
No dividend is to be paid for the financial year 2000.

Board of Directors
Dana M. Fowlkes re-election
Bertil Hållsten re-election
Peter Kushner re-election
Lars Ingelmark re-election
Per-Olof Mårtensson re-election
Dan Sten Olsson re-election
Leon E. Rosenberg re-election
John D. Baxter deputy, re-election
Jan-Åke Gustafsson deputy, re-election
Per Otteskog deputy, re-election

At the Board Meeting following the Annual Meeting, Per-Olof Mårtensson
was elected Chairman of the Board.

Nomination Committee
Dan Sten Olsson, Per-Olof Mårtensson and Kenth Petersson were elected
Nomination Committee.

Incentive Program
The Annual General Meeting decided to issue debentures with 340,000
detachable warrants, in accordance with the Board’s proposal, as a step
in an incentive program for the staff and certain advisors. The share
capital can due to that increase by SEK 1,700,000.

Authorization for New Share Issue
To authorize the Board to resolve on an issue of new shares with or
without deviation from the shareholders’ preferential rights of no more
than 1,200,000 shares, the share capital can by that increase by SEK
6,000,000.

Huddinge, April 26, 2001

KARO BIO AB (publ)

Information
For further information, please contact Per Otteskog, Acting President,
phone +46-8-608 60 18, or Bertil Jungmar, Vice President Finance &
Administration, phone +46 8 608 60 52.

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