Annual General Meeting of shareholders in Hufvudstaden 2006

Hufvudstaden held its Annual General Meeting today at the Grand Hotel, Vinterträdgården, in Stockholm. The Meeting adopted the Board of Directors’ proposal of a dividend of SEK 1.45 per share. The record date is Tuesday March 28, 2006 and the estimated date of dividend payment is Friday March 31, 2006. Fredrik Lundberg, Claes Boustedt, Bengt Braun, Peter Egardt, Hans Mertzig and Ivo Stopner were reelected to the Board of Directors and Sten Peterson and Anna-Greta Sjöberg were elected as new members. Fredrik Lundberg was reelected as Chairman of the Board. The Meeting decided that a remuneration of SEK 1,200,000 be paid to the Board of Directors, of which SEK 300,000 to the Chairman of the Board and SEK 150,000 to each of the other Board members, apart from the President. The Meeting decided in accordance with the Board of Directors’ proposal to grant the Board renewed authorization to acquire and assign the Company’s own shares. At present, the Company holds 2.4 per cent of the total number of issued shares. The Meeting finally decided to adopt the Board’s proposal for amended Articles of Association, mainly to adapt to the new Companies Act. Stockholm, March 23, 2006 HUFVUDSTADEN AB (publ) Ivo Stopner Questions will be answered by: Fredrik Lundberg, Chairman of the Board, telephone +46 8 463 06 00 Ivo Stopner, Presidentr, telephone +46 8 762 90 00.