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2016-05-11

AAK: Annual General Meeting of AAK AB

At the Annual General Meeting of AAK AB (publ.) on May 11, 2016, the
following was resolved:

Board of Directors, auditor and fees
The number of directors will be six. The Meeting re-elected Melker
Schörling, Ulrik Svensson, Arne Frank, Märta Schörling, Lillie Li
Valeur and Marianne Kirkegaard as directors. Melker Schörling was
re-elected Chairman of the Board. The fees to the Board of Directors
shall amount to a total of SEK 2,580,000 (including fees for
committee work).

Re-election of the accounting firm PricewaterhouseCoopers, for a
period of mandate of one year, consequently up to and including the
Annual General Meeting 2017, whereby the accounting firm has informed
that the authorised public accountant Sofia Götmar-Blomstedt will
continue as auditor in charge. The Meeting resolved that the auditor
shall be remunerated according to agreement.

At the subsequent statutory board meeting it was resolved to elect
Melker Schörling and Ulrik Svensson as members of the Remuneration
Committee, Melker Schörling being chairman of the committee. Ulrik
Svensson, Lillie Li Valeur and Märta Schörling were elected members
of the Audit Committee, Ulrik Svensson being chairman of the
committee.

Dividend
In accordance with the proposal of the Board of Directors, the Meeting
resolved to declare a dividend of SEK 7.75 per share. Friday, May 13,
2016 was determined as record day for the payment of dividend.
Payment from Euroclear Sweden AB is expected to commence on
Wednesday, May 18, 2016.

Nomination Committee
Mikael Ekdahl (Melker Schörling AB), Henrik Didner (Didner & Gerge
fonder) and Lars Åke Bokenberger (AMF Fonder) were re-elected and
Johan Strandberg (SEB Investment Management) was elected as members
of the Nomination Committee for the period up to the Annual General
Meeting 2017, and Mikael Ekdahl was appointed Chairman of the
Nomination Committee.

Guidelines for remuneration to senior executives
The Meeting approved the Board of Directors' proposal, principally
entailing that salaries and other terms of remuneration for the
management shall be competitive and in accordance with market terms.
In addition to fixed basic salary, the management may also receive
variable remuneration with a pre-determined cap of 110 percent of the
fixed annual salary. The Board of Directors shall be entitled to
deviate from the guidelines if, in an individual case, there are
particular grounds for such deviation.

Comments from the CEO
CEO and President Arne Frank reported on the company's operations
during 2015 and the first quarter 2016. 2015 has been an eventful
year for AAK. Strategic acquisitions and partnerships, large
greenfield factory construction projects and new, game-changing and
award-winning innovations have been some of the highlights of the
year. Moreover, the positive trend from 2014 has continued and 2015
showed an all-time high operating profit.

"Based on AAK's customer value propositions for health and reduced
costs, and our customer product co-development and solutions
approach, we continue to remain prudently optimistic about the
future. The main drivers are the continued positive underlying
development in Food Ingredients and a continued improvement in
Chocolate & Confectionery Fats", commented Arne Frank, President and
CEO, AAK Group.

The presentation can be found in its entirety on the company's
website, www.aak.com.

For further information, please contact:
Fredrik Nilsson
CFO
Mobile: +46 708 95 22 21
E-mail: fredrik.nilsson@aak.com
The information is that which AAK AB (publ.) is obliged to publish
under the provisions of the Stock Exchange and Clearing Operations
Act and/or the Trading in Financial Instruments Act. The information
was released to the media for publication on May 11, 2016 at 16:45
p.m. CET.

AAK is a leading provider of value-adding vegetable oils & fats. Our
expertise in oils & fats within food applications, our wide range of
raw materials and our broad process capabilities enable us to develop
innovative and value-adding solutions across many industries -
Chocolate & Confectionery, Bakery, Dairy, Infant Nutrition,
Foodservice, Personal Care, and more. AAK's proven expertise is based
on more than 140 years of experience within oils & fats. Our unique
co-development approach brings our customers' skills and know-how
together with our own capabilities and mindset for lasting results.
Listed on the NASDAQ OMX Stockholm and with our headquarters in
Malmö, Sweden, AAK has 19 different production facilities, sales
offices in more than 25 countries and more than 2,700 employees. We
are AAK - The Co-Development Company.

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http://news.cision.com/aak/r/annual-general-meeting-of-aak-ab,c2007267
http://mb.cision.com/Main/871/2007267/514497.pdf

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