VBG´s Annual General Meeting May 11, 2005

Dividend
The Annual General Meeting (AGM) decided to confirm the Board´s proposal of a dividend for 2004 of SEK 4,-- per share.   Record day is May 16, 2005 and payments are estimated to start from May 19, 2005.                                                                                

Board
The AGM decided to re-elect the board members Mr Anders Birgersson, Mr Peter Hansson, Mr Richard Persson, Mr Staffan Ekelund and Mr Johnny Alvarsson. 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.

Acquisition and transfer of own shares
The AGM decided to authorize the Board until next ordinary AGM in 2006, 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   May 11, 2005

VBG AB (publ)

The Board

For further information, please concact:
Anders Birgersson, Managing director & CEO, Tel +46 521-277767, +46 702 277778,  
E-mail abi@vbgab.com