| EDB ASA - Annual General Meeting 28 April 2005 |
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(Oslo 29.04.2005) The Annual General Meeting of EDB BP ASA made the following decisions:
The Annual General Meeting of EDB Business Partner ASA was held on 28 April 2005.
The meeting approved the directors` report, profit and loss account and balance sheet, as well as the consolidated profit and loss account and balance sheet, as at 31 December 2004. It was agreed that the parent company`s loss for the year of NOK 419,762,165 should be covered from other paid-in equity reserves.
The meeting resolved to pay a dividend of NOK 0.50 per share.
The share will be quoted exclusive dividend from 29 April 2005. Dividend will be paid 20 May 2005.
§ 3 of the company's Articles of Association now reads as follows:
"§ 3 - The company's business
The company's business is to develop, manage and operate its own and other parties' IT solutions, to sell services and consultancy and any activities related to the foregoing. These activities may be carried out by the company itself, by its subsidiaries or through collaboration with other parties."
The mandate to the Board for the issue of shares were approved:
Pursuant to § 10-14 of the Public Companies Act, the Board was authorised to increase the company`s share capital by up to NOK 15,750,000.00 by issuing up to 9 million shares each of nominal value NOK 1.75. The Board was empowered to waive the pre-emption rights of existing shareholders to subscribe for the shares to be issued, cf. § 10-4 of the Public Companies Act. This mandate is valid until 1 June 2006.
The minutes of the meeting are included as an appendix to this announcement.
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