The Annual General Meeting of EAC was held on Wednesday 25 March 2009 at 4 pm at the Radisson SAS Falconer Hotel & Conference Centre, 9 Falkoner Allé, DK-2000 Frederiksberg. The following business was transacted (all proposals had been moved by the Supervisory Board): a. The Supervisory Board's report on the activities of the Company during the past year was received and taken as read. b. The audited Annual Report 2008 was adopted, and the Supervisory Board and the Executive Board were discharged from their obligations for the year. c. The proposal to distribute a dividend of DKK 5.00 per share of DKK 70.00 was adopted. d. The proposal to re-elect the following members of the Supervisory Board by the shareholders: Henning Kruse Petersen, Torsten Erik Rasmussen, Mats Lönnqvist, Connie Astrup-Larsen and Preben Sunke was adopted. e. The proposal to elect KPMG, Statsautoriseret Revisionspartnerselskab, as auditor was adopted. f. The proposal to authorise the Supervisory Board to permit the Company to acquire treasury shares in the period until the next Annual General Meeting up to a combined nominal value totalling 10 per cent of the Company's share capital (see section 48 of the Danish Public Companies Act) with a deviation of plus/minus 10 per cent from the price listed on the Nasdaq OMX Copenhagen at the time of the acquisition, was adopted. g. The following additional proposals were approved as follows: 1. Reduction of the Company's share capital from DKK 985,874,015 with DKK 25,840,500 to DKK 960,033,515. The amount, by which the share capital is reduced, corresponds to the nominal value of the Company's portfolio of treasury shares after appropriation of treasury shares of a nominal value of DKK 23,380,000 to cover the Company's share option programme. The reduction will be implemented by cancellation of treasury shares. The amount of the reduction will be allocated to special reserves, which can only be used following decision by the shareholders at the General Meeting. The capital reduction cannot be carried into effect until the three-month period set out in the notice to creditors in accordance with section 46 of the Danish Public Companies Act has expired, and after the claims of any creditors have been satisfied. As a consequence of the capital reduction, Article 3.1 in the Articles of Association shall be altered so that the amount of the share capital after the capital reduction will be stated. 2. The current authorisation in Article 3.3 in the Articles of Association in the period until 3 April 2013 to increase the Company's share capital by one or more issues representing a maximum aggregated amount of DKK 400 million is reduced to a maximum aggregate amount of DKK 100 million and the period is extended until 25 March 2014. As a consequence Article 3.3 in the Articles of Association is changed to read as follows:"In the period ending 25 March 2014 the Company's Supervisory Board is authorised to increase the Company's share capital by one or more issues, representing a maximum aggregate amount of DKK 100 million. The increase can be effected by payment in cash or as consideration for full or partial acquisition of an existing business or specific capital assets, including shares. The Supervisory Board may offer the shares for subscription at market price without pre-emptive rights for the existing shareholders. The new shares are to be negotiable securities and may be recorded in the name of the holder in the Company's Register of Shareholders." 3. Change of Article 4.7 of the Articles of Association to read as follows:"As Registrar of Shareholders the Supervisory Board has appointed VP Investor Services A/S (VP Services A/S), 14 Weidekampsgade, 2300 Copenhagen S. The Register of Shareholders shall include a list of all shares in the Company. The names of registered shareholders will be listed." 4. Authority to the chairman of the Annual General Meeting The chairman presiding the Annual General Meeting was authorised to make such amendments to the provisions adopted as might be required for registration of the changes to the Articles of Association with the Danish Commerce and Companies Agency. At the subsequent Supervisory Board meeting, the Supervisory Board elected Henning Kruse Petersen as Chairman and Torsten Erik Rasmussen as Deputy Chairman. Yours sincerely, The East Asiatic Company Ltd. A/S (A/S Det Østasiatiske Kompagni) For additional information, please contact: President & CEO Niels Henrik Jensen +45 3525 4300 nhj@eac.dk Group CFO Michael Østerlund Madsen +45 3525 4300 mom@eac.dk www.eac.dk