At the AGM, each A share represents one vote and each B share one tenth of a vote.

According to the Articles of Association, the AGM shall be held either in Södertälje or in Stockholm.

In compliance with the Swedish Companies Act, decisions at the AGM are usually made by simple majority. In some cases, however, the Swedish Companies Act or the Articles of Association stipulates either a certain level of attendance in order to reach a quorum or a qualified majority of votes. A shareholder may utilise all votes that correspond to the shareholder’s shareholding and that are duly represented at the AGM.

At the AGM, shareholders have the opportunity to ask questions about the company and its results for the year in question. Normally all members of the Board, the corporate management and the auditors are present in order to answer such questions.

According to the Swedish Companies Act, all shareholders are entitled to have any item dealt with at the AGM. Notice convening the AGM shall be issued no earlier than six and no later than four weeks before the Meeting. Notice convening an Extraordinary General Meeting (EGM) shall be issued no earlier than six and no later than two weeks before the Meeting. Notice convening an AGM and an EGM is published in the Swedish national newspapers Dagens Nyheter and Svenska Dagbladet as well as in the official gazette Post- och Inrikes Tidningar (www.bolagsverket.se) and on the company’s website.

According to the Swedish Companies Act, within six months of the expiry of each financial year, Swedish limited liability companies shall hold a general meeting of shareholders, where the Board of Directors shall present the Annual Report and the Auditors’ Report. This shareholder meeting is called the Annual General Meeting. At Scania, the AGM is normally held during April or May.