Annual General Meeting of Swedish Match AB (publ)

The Board of Directors proposes a dividend of 2.10 SEK per share.The Board also proposes that the current mandate to repurchase up to10 percent of all shares in the Company be prolonged. In addition theBoard will also propose cancellation of up to 24,000,000 previouslyrepurchased shares, with a simultaneous capitalization issue in anamount corresponding to the number of cancelled shares or 28,800,000SEK. Furthermore, the Board will propose that the Parent Company'slegal reserves, which amount to 80 MSEK, be reduced through transferto non-restricted reserves and to be used for repurchase of shares.

The Election Committee of Swedish Match AB proposes the electionof Andrew Cripps and Conny Karlsson to the Board of Directors.Furthermore, the Election Committee proposes re-election of BerntMagnusson (Chairman), Sven Hindrikes, Tuve Johannesson, Arne Jurbrant,Karsten Slotte, Kersti Strandqvist and Meg Tiveus. Jan Blomberg hasdeclined to be re-elected.

The Election Committee is appointed by the Annual General Meetingand consists of Joachim Spetz, Chairman, (Handelsbanken Fonder),Marianne Nilsson (Robur Funds), Pernilla Klein (Third AP-fund) andBernt Magnusson as ordinary members. Carl Rosen (Second AP-Fund) hasserved as deputy member of the Committee. William N. Booth (WellingtonManagement Company) and Mads Eg Gensmann and Edoardo Mercadante(Parvus Asset Management) have been co-opted to the Committee duringthe course of the year.

The complete notice of the Annual General Meeting can be found onthe corporate web site: www.swedishmatch.com, and is also enclosed.

Swedish Match is a unique company with its range of market-leadingbrands in the product areas of snuff and chewing tobacco, cigars andpipe tobacco - tobacco's niche products - as well as matches andlighters. The Group's global operations generated sales of 13,311MSEKfor the twelve month period ending December 31, 2005. Swedish Matchshares are listed on Stockholmsborsen (SWMA).

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