Notice of Annual General Meeting Atlas Copco AB, Nacka, Sweden

Business Wire, March 25, 2008

STOCKHOLM, Sweden -- Regulatory News:

The Shareholders of Atlas Copco AB (STO:ATCOA) (STO:ATCOB) are invited to attend the Annual General Meeting (the Meeting) to be held on Thursday April 24, 2008 at 5.00 p.m. (Swedish time) at Aula Magna, University of Stockholm, Frescativagen 6, Stockholm. Registration starts 3.30 p.m.

Notification of attendance

Shareholders, intending to participate in the Meeting, must

- be recorded in the register of shareholders kept by VPC AB (the Swedish Securities Register Centre) on Friday April 18, 2008, and

- notify the Company in writing of their intent to participate in the Meeting no later than Friday April 18, 2008 to the registration address Atlas Copco AB, Box 10, SE-182 11 Stockholm, or by telephone 46 (0)8 755 13 46 not later than 4.00 p.m. or on the Company website www.atlascopco.com/agm or by telefax 46 (0)8 622 63 51 until 12.00 p.m.

Shareholders whose shares are held in trust by a bank or other trustee must temporarily register their shares in their own names in the register of shareholders of VPC AB to be able to participate in the Meeting. Such temporary registration must be recorded by Friday April 18, 2008. Shareholders should notify their trustees well in advance of this date.

Shareholders may attend and vote at the Meeting in person or by proxy. A proxy form is available on www.atlascopco.com/agm. The Company will also send a proxy form to those shareholders who so request. For the ordering of proxy forms the same address and telephone number stated for the notification of attendance apply. Representatives of legal entities must be able to present a copy of the registration certificate or other similar authorization document to support the proxy.

Personal data obtained from notifications, proxies and the register of shareholders kept by VPC will solely be used for the necessary registration and preparation of the voting list for the Meeting.

Entrance cards will be sent to the Shareholders who have notified their intention to participate.

The President's speech as well as supporting presentation material will be available on the Company website www.atlascopco.com/agm from April 25, 2008.

Agenda

1. Opening of the Meeting and election of Chairman

2. Preparation and approval of voting list

3. Approval of agenda

4. Election of one or two persons to approve the minutes

5. Determination whether the Meeting has been properly convened or not

6. Presentation of the Annual Report and the Auditor's Report as well as the Consolidated Annual Report and the Consolidated Auditor's Report

7. The President's speech and questions from shareholders to the Board of Directors and the Management

8. Report on the functions of and work performed by the Board of Directors and its Audit Committee

9. Decisions

a) regarding approval of the Profit and Loss Account and the Balance Sheet and the Consolidated Profit and Loss Account and the Consolidated Balance Sheet as well as the presentation by the auditor

b) regarding discharge from liability of the Board members and the President

c) regarding the allocation of the Company's profit according to the approved Balance Sheet

d) regarding record day for receiving dividend

10. Determination of the number of Board members and deputy members to be elected at the Meeting

11. Election of Board members and of Chairman of the Board and Vice Chairman of the Board

12. Determining the remuneration (in cash or partially in the form of synthetic shares) to the Board of Directors and its committees, including the proposal from the Board regarding the granting of a mandate to acquire series A shares to hedge the costs for the synthetic shares

13. Report on the function and work performed by the Board's Remuneration Committee as well as proposal regarding

a) guiding principles for the remuneration of senior executives

b) a performance related personnel option program for 2008

c) a mandate to acquire and transfer series A shares

14. Proposal regarding a mandate to transfer own series B shares to cover costs in connection with the performance related personnel option program for 2006

15. Proposal regarding a mandate to acquire own shares

16. Report on the work performed by the Nomination Committee and proposal regarding Nomination Committee

17. Closing of the Meeting

The Board of Directors' proposals regarding dividend and record day Item 9c) and d) The Board proposes that the dividend for 2007 is decided to be SEK 3.00 per share and that April 29, 2008 is the record day for the dividend. If the Meeting decides as proposed, the dividend is expected to be distributed by VPC on May 5, 2008.

Item 1, 10, 11, 12, and 16 - Proposals from the Nomination Committee The Nomination Committee, consisting of Petra Hedengran, the chairman of the Committee, Investor AB, KG Lindvall, Swedbank Robur fonder, Ramsay Brufer, Alecta Pensionsforsakring, and Patrik Hertsberg, Handelsbanken fonder, who together represent more than 27% of the total number of votes, as well as Sune Carlsson, the chairman of the Board, propose as follows: