VBG´s Annual General Meeting April 26, 2004

Dividend
The Annual General Meeting (AGM) decided to confirm the Board´s proposal of a dividend for 2003 of SEK 3,-- per share.   Record day is April 29, 2004 and payments are estimated to start from May 4, 2004.                                                                                 

Board
The AGM decided to re-elect Mr Anders Birgersson, Mr Peter Hansson and Mr Richard Persson.   Mr Staffan Ekelund and Mr Johnny Alvarsson were elected as new board members. At the following statutory board meeting, Mr Richard Persson was re-elected Chairman of the Board.

The AGM also appointed a Nomination Committee with Mr Richard Persson, Mr Åke Persson and
Staffan Ekelund as members.

Auditors
The AGM elelcted Mr Bror Frid as new ordinary auditor and re-elected Mr Gunnar Hjalmarsson as deputy auditor, both from the company Öhrlings PricewaterhouseCoopers.

Acquisition and transfer of own shares
The AGM decided to authorize the Board until next ordinary AGM in 2005, at one or several occasions decide upon transfer of acquired own shares, with divergence from the shareholders´ preferential right, and that payment for transferred shares can be made with other means than money (assets contributed in kind).
The authorization will give the Board the possibility to use own shares as payment for acquisitions.

Vänersborg   April 26, 2004

VBG AB (publ)

The Board

For further information, please concact:
Anders Birgersson, Managing director & CEO , Tel +46 521-277767, 0702 277778,
E-Post abi@vbgab.com