Proposals for resolutions to be presented at the Annual General Meeting of Lundin Petroleum AB on Wednesday 8 May 2013 in Stockholm
Resolution in respect of appropriation of the Company's result (item 10)
The Board of Directors proposes that no dividend is declared for the financial year 2012.
Resolutions in respect of Chairman of the Annual General Meeting, number of Board members, election of Chairman of the Board and of other members of the Board, fees payable to the Chairman of the Board and other members of the Board, election of auditor and fees payable to the auditor (items 2, 14-16 and 18-19)
Lundin Petroleum AB's Nomination Committee for the 2013 Annual General Meeting, consisting of Ian H. Lundin (Lorito Holdings (Guernsey) Ltd., Zebra Holdings and Investment (Guernsey) Ltd. and Landor Participations Inc. and Chairman of the Board of Directors), Asa Nisell (Swedbank Robur fonder), Ossian Ekdahl (Forsta AP-fonden), Arne Loow (Fjarde AP-fonden) and Magnus Unger (member of the Board of Directors and Chairman of the Nomination Committee), jointly representing approximately 36 percent of the voting rights for all the shares in Lundin Petroleum AB as per 1 August 2012, proposes the following:
-- Advokat Claes Zettermarck to be appointed as Chairman of the Annual General Meeting.-- Eight members of the Board of Directors to be appointed without deputy members.-- Re-election of C. Ashley Heppenstall, Asbjorn Larsen, Ian H. Lundin, Lukas H. Lundin, William A. Rand and Magnus Unger as members of the Board of Directors and election of Peggy Bruzelius and Cecilia Vieweg as new members of the Board of Directors. Kristin Faerovik has declined re- election. Peggy Bruzelius was formerly Managing Director of ABB Financial Services AB, a subsidiary of ABB. She has also headed the asset management division of Skandinaviska Enskilda Banken AB. Peggy Bruzelius is Chairman of Lancelot Asset Management AB in Sweden, and also serves as a board member of Axfood AB, Diageo PLC and Akzo Nobel BV. She has a Master of Science (Economics and Business) from the Stockholm School of Economics. Cecilia Vieweg has been the General Counsel and member of the Executive Management of AB Electrolux since 1999. She previously worked as a legal advisor in senior positions with companies related to the AB Volvo Group and has extensive experience as a lawyer in private practice. Cecilia Vieweg is a member of the board of Vattenfall AB, the Association of Swedish Engineering Industries and the Swedish Securities Council. She has a Master of Law from Lund University.-- Re-election of Ian H. Lundin as Chairman of the Board of Directors.-- Remuneration of the members of the Board of Directors and the Chairman of the Board of Directors, including in respect of Committee membership, to be as follows: (i) annual fees of the members of the Board of Directors of SEK 490,000 (excluding the Chairman of the Board of Directors and the Chief Executive Officer); (ii) annual fees of the Chairman of the Board of Directors of SEK 1,000,000; (iii) annual fees for Committee members of SEK 100,000 per Committee assignment (excluding the Committee Chairmen and the Reserves Committee for which no fee is to be paid); and (iv) annual fees for Committee Chairmen of SEK 150,000 (excluding the Reserves Committee for which no fee is to be paid); with the total fees for Committee work, including Committee Chairmen fees, not to exceed SEK 900,000.-- Re-election of the registered accounting firm PricewaterhouseCoopers AB as the auditor of the Company, with authorised public accountant Klas Brand as the auditor in charge, for a period until the end of the 2014 Annual General Meeting.-- The auditor's fees shall be payable upon approval of their invoice.