KappAhl bulletin Annual General Meeting 2015

KappAhl AB (publ) held its Annual General Meeting on Wednesday 2 December 2015
in Mölndal. The following resolutions were passed at the Meeting:

  · A cash dividend of SEK 0.75 per share. Record day for the dividend is Friday
4 December 2015.
  · Determination of fees.
  · Resolution on adoption of the accounts and discharge from liability
  · Re-election of four Board members including Chairman of the Board and new
election of Gustaf Öhrn and Kicki Olivensjö as members of the Board
  · Instructions for the Nominations Committee
    · Remuneration policy for company management
A summary is given below of the resolutions passed, which are all in line with
the main resolution proposals made available to the shareholders before the
Annual General Meeting.

Resolution on adoption of the accounts and discharge from liability
The income statement and balance sheet and consolidated income statement and
balance sheet were adopted and the meeting discharged the Board of Directors and
Chief Executive Officers from liability for the financial year.

Resolution regarding dividend
The Annual General Meeting resolved on that a cash dividend of SEK 0.75 per
share is distributed for 2014/2015, corresponding to a total of SEK 57,615,285.
The remaining profit is carried forward. Record day for the dividend is Friday 4
December 2015. Expected date of paymentvia Euroclear is Wednesday 9 December
2015.

Determination of fees to the Board of Directors and the Auditor
The meeting resolved that the fee to the Board of Directors and its committees
shall be SEK 1,749,000. The resolution means that the Chairman of the Board is
awarded SEK 380,000, that each other elected member of the Board is awarded SEK
190,000, that the chairman of the Audit Committee is awarded SEK 160,000 that
one other member of the Audit Committee is awarded SEK 100,000, that the
chairman of the Remuneration Committee is awarded SEK 35,000 and that one other
member of the Remuneration Committee is awarded SEK 12,000. All amounts per
Board member are unchanged from the previous year.It was resolved that the fee
to the accounting firm shall be unchanged in accordance with customary standards
and approved invoice.

Re-election and election of the Board of Directors
Four ordinary members of the Board, including Chairman of the Board, were re
-elected in accordance with the recommendation of the Nominations Committee. The
Annual General Meeting elected Gustaf Öhrn and Kicki Olivensjö as new ordinary
members of the Board. Consequently, the members of the Board of Directors
elected by the Annual General Meeting are Anders Bülow (Chairman), Christian W.
Jansson, Pia Rudengren, Susanne Holmberg, Gustaf Öhrn and Kicki Olivensjö.

Election of accounting firm
Ernst & Young AB was re-elected as accounting firm and it was resolved that
engagement will run until the next Annual General Meeting.

Instructions for the Nominations Committee
The Nominations Committee’s proposed instructions and rules of procedure for the
Nominations Committee were adopted. The Nominations Committee shall consist of
four ordinary members, who shall be appointed by the four largest shareholders
as of April 30. The term largest shareholders refers to shareholders registered
with Euroclear Sweden AB and grouped by ownership as of April 30.

Remuneration policy for company management
The meeting adopted the Board's proposed remuneration policy for the management
team. The policy implies that a bonus of a maximum of 50 per cent of fixed
salary can be payable. The remuneration policy is substantially the same as the
one adopted by the previous Annual General Meeting.

All the resolutions of the Annual General Meeting were passed with the requisite
majority.

The English text is an unofficial translation. In case of any discrepancies
between the Swedish text and the English translation, the Swedish text shall
prevail.

KappAhl AB (publ) discloses the information provided here pursuant to the
Securities Market Act and/or the Financial Instruments Trading Act. The
information was submitted for publication on 2 December, 2015 at 12.30 pm.
For further information, please contact
Anders Düring, acting President & CEO / CFO, tel. 46 708 887 733,
anders.during@kappahl.com´
Charlotte Högberg, Head Corporate Communications, tel 46 704 715 631,
charlotte.hogberg@kappahl.com
KappAhl was founded in Gothenburg in 1953 and is a leading fashion chain in the
Nordic region with close to 400 stores in Sweden, Norway, Finland and Poland.
Our business idea is to offer value-for-money fashion of our own design to the
many people. Sustainability-labeled fashion accounts for roughly one quarter of
the range. Sales for 2014/2015 totaled SEK 4.6 billion and the company has
approx. 4,000 employees in eight countries. KappAhl is quoted on Nasdaq
Stockholm. More information is available at www.kappahl.com