Information from the 2016 AGM of H & M Hennes & Mauritz AB


On Tuesday 3 May H & M Hennes & Mauritz AB (STO:HMB) held its annual
general meeting under the chairmanship of lawyer Sven Unger. The AGM
approved the dividend of SEK 9.75 per share in accordance with the board
of directors’ proposal. The record day is 6 May 2016. The dividend is
expected to be paid out by Euroclear Sweden AB on 11 May 2016.

The annual general meeting adopted the income statement and balance
sheet for the parent company and the group. The AGM discharged the
members of the board and the chief executive officer from liability for
the 2014/2015 financial year.

The regular board members Anders Dahlvig, Lena Patriksson Keller, Stefan
Persson, Melker Schörling, Christian Sievert and Niklas Zennström were
re-elected by the AGM, which also elected the proposed new members Stina
Honkamaa Bergfors and Erica Wiking Häger to the board. Lottie Knutson
and Sussi Kvart were not standing for re-election. As in 2015, the board
of directors comprises eight members elected by the AGM. Stefan Persson
was re-elected as chairman of the board.

The regular members appointed previously by the trade unions are
Margareta Welinder and Ingrid Godin, with Alexandra Rosenqvist and Rita
Hansson as deputy members.

The AGM approved the proposal from the nomination committee that the
board fees be increased by SEK 250,000 to a total of SEK 6,075,000. The
board fees are broken down as follows: chairman of the board
SEK 1,625,000; members elected by the AGM SEK 575,000; members of the
auditing committee an extra SEK 125,000; and the chairman of the
auditing committee an extra SEK 175,000.

The AGM approved the nomination committee’s proposed principles for the
nomination committee and elected the members of the nomination committee
for the period up to the appointment of a new nomination committee. The
members of the nomination committee are Stefan Persson, Lottie Tham,
Liselott Ledin (Alecta), Jan Andersson (Swedbank Robur fonder) and
Anders Oscarsson (AMF and AMF Fonder).

The AGM approved the resolution proposed by the board concerning
guidelines for remuneration to senior executives and the board’s
proposed amendments to the articles of association. In addition to minor
changes of wording, the amendments to the articles of association expand
the object of the enterprise to also include café and restaurant
operations; ownership and management of securities, equipment and real
estate; and financing activities within the context of the operations
stated in the articles of association. In addition, the amendments
change the auditor’s period of office from four years to one year and
change the procedure for convening meetings, such that the notice to
attend the general meeting will be published in Post- och Inrikes
Tidningar (the Swedish Official Gazette) and on the company’s website.
The fact that the meeting has been convened will be advertised in the
national daily newspapers Svenska Dagbladet and Dagens Nyheter.

H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is
quoted on Nasdaq Stockholm. H&M’s business idea is to offer fashion and
quality at the best price in a sustainable way. In addition to H&M, the
group includes the brands & Other Stories, Cheap Monday, COS, Monki and
Weekday as well as H&M Home. The H&M Group has more than 4,000 stores in
61 markets including franchise markets. In 2015, sales including VAT
were SEK 210 billion and the number of employees is more than 148,000.
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H&M Hennes & Mauritz
Kristina Stenvinkel, Head of
Telefon: +46 8-796 39 08
Mobil: +46 70-796 54 40
Vinge, Head of IR
Telefon: +46 8-796 52 50
Mobil: +46 70-796
52 50