The Annual Shareholders’ Assembly of Ericsson Nikola Tesla d.d. took place on May 20, 2010 with the represented equity capital of HRK 87,814,700, which means 65.94 percent of the total share capital of the Company. Thus, the conditions for lawfully convened an eligible operation of the annual general assembly were set, which means the decisions made were legally valid. The general assembly was led by Snježana Bahtijari, the president of the assembly, who was appointed to that position by the company Supervisory Board.

Along with the shareholders representatives and the Company management, the annual assembly was attended by Roland Nordgren the Supervisory Board president, and the Supervisory Board members: DSc Ignac Lovrek, Carita Jönsson and Zvonimir Jelić. LM Ericsson, the major individual shareholder, was represented by Bengt Åke Nilsson.

MSc Gordana Kovačević, the company president, addressed the audience presenting the company’s performance in 2009, as well as the strategy and prospects in the business for 21010. Andrew Skelton, the Finance director presented the financial performance of the company for the previous year and the Q1 non-revised results of the current year. Sanja Trokter Gosarić, from the auditing company PricewaterhouseCoopers, gave a positive opinion on the company’s performance in 2009. This assembly was also the opportunity for presentation of Ericsson Mobile Halth (EMH) solution for remote control of vital body functions, developed in Ericsson Nikola Tesla.

The Annual Shareholders’ Assembly brought the decision on regular dividend payment amounting to HRK 20 per share and an extra dividend payment amounting to HRK 100 per share. This means, the total of HRK 120 per share will be paid from the non-distributed retained earnings in 2008, and from the part of net income realized in the financial year 2009; The dividend shall be paid to all Company shareholders, who on May 13, 2010 were subscribed to Ericsson Nikola Tesla shares at the securities account with the Central Securities Depository. Depending on the company solvency, the dividend will paid not later than June 19, 2010.

The annual assembly decided that the Company income for the financial year 2009 amounting to HRK 128,447,089.11 will be distributed for the dividend payment in the amount necessary to be added to the non-distributed retained earnings from u 2008, and the remaining sum will be distributed to retained earnings. The release notes were given to the Director of the Company Gordan Kovačević, and the president and members of Supervisory board of the Company who were managing it in 2009. Also the assembly made decisions on Statute amendment and supplement. As proposed by the Supervisory board, the new elected member was DSc Dubravko Radošević, who introduced himself to shareholders. The assembly made decision to appoint again PricewaterhouseCoopers d.o.o., Zagreb, the Company’s auditor for 2010.

Company Communications Ericsson Nikola Tesla