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ASSA ABLOY sells Cardo Flow Solutions

ASSA ABLOY has through its subsidiary Cardo AB signed an agreement with the Swiss company Sulzer Ltd to sell Cardo Flow Solutions. The selling price is SEK 5,900 M on a cash and debt free basis. The agreement does not include Lorentzen & Wettre.At the announcement of the public offer for Cardo on December 13, 2010, ASSA ABLOY communicated its intention to consolidate Cardo Entrance Solutions in ASSA ABLOY’s division Entrance Systems and to sell the other businesses, i.e. Cardo Flow Solutions and Lorentzen & Wettre, that do not long term fit ASSA ABLOY’s operations. The transaction is

Annual general meeting 2011 and new CEO of Cardo

At today’s annual general meeting of Cardo at the premises of Mannheimer Swartling Advokatbyrå in Malmö, Sweden, it was resolved that no dividend be paid for the financial year 2010. Further, ASSA ABLOY AB’s proposals to the annual general meeting were approved, entailing among other things that Johan Molin, Tomas Eliasson, Juan Vargues, Jacob Wahlberg and Krister Eriksson were elected as new board members. Johan Molin was elected chairman of the board and Juan Vargues vice chairman of the board. In connection with the annual general meeting, the board members appointed by the employee’s

Change of place for the annual general meeting on April 4

Due to ASSA ABLOY AB’s (publ) acquisition of shares in Cardo AB (publ), only a few shareholders have given notice of their intention to attend Cardo’s annual general meeting on April 4, 2011. Cardo has therefore decided to change the place of the meeting from Palladium on Södergatan 15 in Malmö, Sweden, to the nearby premises of Mannheimer Swartling Advokatbyrå on Södergatan 22 in Malmö. The time is unchanged, 5.00 p.m. Malmö, Sweden, March 30, 2011 Cardo AB (publ)

Cardo applies for delisting

ASSA ABLOY’s public offer for Cardo AB (publ) (”Cardo” or the ”Company”) was declared unconditional on March 10 2011. ASSA ABLOY controls more than 90 per cent of the shares in Cardo and has requested compulsory acquisition in respect of the shares in Cardo that ASSA ABLOY does not own. As requested by ASSA ABLOY, the Board of Cardo has resolved to apply for delisting of the Company’s shares from NASDAQ OMX Stockholm (”NASDAQ OMX”). The last day of trading in the Company’s shares on NASDAQ OMX will be announced as soon as the Company has received confirmation from NASDAQ OMX. Malmö,

Proposal regarding Board of Directors etc. of Cardo

In a press release on March 15 2011, ASSA ABLOY has confirmed that the company completes its public offer to the shareholders of Cardo AB (publ) (”Cardo” or the ”Company”) and that ASSA ABLOY following settlement, which is expected to take place on or around March 18 2011, will hold approximately 98.2 per cent of the total number of shares and votes in Cardo. In a statement to the Board of Directors of Cardo on March 15 2011, ASSA ABLOY has informed that the company, in light of the aforementioned, proposes the following to Cardo’s Annual General Meeting on April 4 2011: -  To elect the

Cardo’s annual report 2010

Cardo’s annual report for 2010 is being published in Swedish today on our website at www.cardo.com. The printed version will be distributed to shareholders and other parties.At the beginning of April, the English version of the annual report will be available to read and download at Cardo’s website at www.cardo.com. The website also provides information on giving notice of intention to attend Cardo’s AGM on April 4. The printed English version of the annual report will be distributed from mid-April to those shareholders and other parties who have notified Cardo’s subscription service

Notice of Cardo’s Annual General Meeting

The annual general meeting of Cardo AB (publ) will be held on Monday, April 4 2011  at 5.00 p.m. at Palladium, Södergatan 15 in Malmö, Sweden.An agenda containing the matters that are proposed to be brought before the annual general meeting can be seen in the official notice to attend the meeting, which will be published in Post- och Inrikes Tidningar (the Swedish Official Gazette) on March 4. The notice is attached and is available as of today on Cardo’s website at www.cardo.com. A brief announcement containing information about the notice of the annual general meeting will published on

Report on operations 2010

• Inflow of orders: SEK 8,113 million (8,424) • Net sales: SEK 7,973 million (8,825) • Operating earnings: SEK 843 million (529) • Net earnings: SEK 598 million (345) • Cash flow from operating activities after tax: SEK 872 million (1,416) • Earnings per share: SEK 22.15 (12.78) • Proposed dividend: SEK 10.00 (9.00)President and CEO Peter Aru:“The inflow of orders rose by three percent in 2010. Demand increased in the fourth quarter with North America and Asia enjoying a particularly good trend. During the year, we completed our projects to make our business more

Invitation to conference on February 4 2011 after publication of Cardo’s year-end report

Cardo’s year-end report 2010 will be published on Friday, February 4, at approximately8.30 am CET. This invitation is for a conference at Operaterrassen in Stockholm the same day at 10.00 am CET. President and CEO Peter Aru will comment on the report and answer questions. Please note that the conference will be held in Swedish.The presentation will be hosted by Financial Hearings and notification of intention to attend may be made at www.financialhearings.com or via e-mail to hearings@financialhearings.com. You may also take part and ask questions either by telephone or via the

Management changes at Cardo

Ove Bergkvist, Head of Cardo Entrance Solutions division, is leaving Cardo at his own request. Ove Bergkvist joined the Cardo group in 2004. He was appointed Head of the Residential Garage Doors division in 2005 and in 2009 he was appointed as Head of Cardo Entrance Solutions.Ove Bergkvist will remain in the Group during a transitional period. Malmö, Sweden, January 11 2011 Cardo AB (publ)   Cardo AB discloses the information provided herein pursuant to the Securities Market Act and the Takeover Rules. The information was submitted for publication on 11January 2011 at 4:15 PM.

Statement by the Board of Directors of Cardo in relation to the public offer by ASSA ABLOY

The Board of Directors of Cardo unanimously recommends the shareholders to accept the public offer by ASSA ABLOY 1)Background This statement is made by the Board of Directors (the ”Board”) of Cardo AB (publ) (”Cardo” or the ”Company”) pursuant to section II.19 of the rules concerning public takeover offers on the stock market adopted by NASDAQ OMX Stockholm (the ”Takeover Rules”). ASSA ABLOY AB (”ASSA ABLOY”) has today, on 13 December 2010, announced a public offer to the shareholders of Cardo to transfer all of their shares in Cardo to ASSA ABLOY (the ”Offer”). ASSA ABLOY offers SEK

Capital Market Day: Cardo meeting the global challenges of the future

The development of Cardo into a customer-oriented and innovative industrial group is continuing. The Company’s direction with an increased element of global customers, service and value-adding solutions has proved successful. This was declared by Peter Aru at a well-attended Capital Market Day in Stockholm today.“The targets that were set up for the Group’s business-to-business divisions in 2005 were achieved in 2008. During 2009, Cardo succeeded in changing its product and market mix in a very difficult market situation and having also adopted economy measures has succeeded in further

Cardo presents new financial targets and new dividend policy

At the ongoing Capital Market Day in Stockholm, Cardo presents new financial targets for the Group.The financial targets that were set up for Cardo’s business-to-business divisions in 2005 were achieved in 2008. During 2009, Cardo succeeded in changing its product and market mix in a very difficult market situation and having also adopted economy measures has succeeded in further strengthening its operating margin during the first nine months of 2010. The new financial targets relate to the Group’s total operations and comprise targets for organic growth, operating margin, return on capital

Interim report January - September 2010

• Inflow of orders: SEK 6,086 million (6,423)• Net sales: SEK 5,592 million (6,303)• Operating earnings: SEK 410 million (310)• Net earnings: SEK 293 million (211)• Cash flow from operating activities after tax: SEK 501 million (978)• Earnings per share: SEK 10.85 (7.81)President and CEO Peter Aru:“The inflow of orders rose by one percent during the first nine months of the year. In the third quarter, demand increased in some markets in Europe, while there were fewer project deals in the Group than during the corresponding period the previous year. During the first nine months

Cardo wins door order in Singapore worth SEK 9.5 million

Cardo has entered into an agreement to supply doors at Changi International Airport in Singapore. The order is worth SEK 9.5 million.In its division Cardo Entrance Solutions, Cardo offers products that include doors of up to 150 meters in width tailored to the requirements of the aircraft, mining and shipyard industries. The order in question includes new Megadoor hangar doors in an existing hangar at Changi International Airport in Singapore. “We have a unique solution for, among other things, the exchange and retrofitting of doors in an existing hangar. No space is required at the sides

Invitation to conference call on November 12 2010 after publication of Cardo’s interim report

Cardo’s interim report for the period January-September 2010 will be published on Friday, November 12, at approximately 8.30 am.This invitation is for a conference call the same day at 10.00 am. President and CEO Peter Aru will comment on the published interim report and answer questions. The conference will be held in Swedish.Directions for conference call/webcast at 10.00 amParticipation by phone: call no. +46 (0)8 5051 3792.The conference call line will open at 9.55 am.Participation via Internet: via a link on the Cardo website at www.cardo.com or directly at www.

Cardo wins order worth SEK 8.5 million from wastewater treatment plant in Singapore

Cardo has entered into an agreement to supply turbocompressors and mixers for Singapore’s largest biological wastewater treatment plant. The order is worth SEK 8.5 million.In its division Cardo Flow Solutions, Cardo offers an extensive product portfolio of pumps, mixers, agitators, aerators, compressors, control and monitoring equipment, and service for the transport and treatment of wastewater.   The order in question includes ABS turbocompressors and mixers for a wastewater treatment plant in Jurong, Singapore. The wastewater treatment plant utilizes biological processes and

Invitation to Cardo’s Capital Market Day november 25 2010

Cardo welcomes analysts, investors and the media to a Capital Market Day on Thursday November 25 2010.The Capital Market Day will be devoted to presenting the business within Cardo and the main focus will be on the two divisions, Cardo Entrance Solutions and Cardo Flow Solutions, and their solutions to the greatest challenges of our time – the shortage of clean water, efficient transportation and reduced energy consumption. Furthermore, Cardo’s work to achieve success through the concepts of commercial, operational and innovation excellence will be explained as well as the new financial

Interim report, January - June 2010

• Inflow of orders: SEK 4,155 million (4,391) • Net sales: SEK 3,691 million (4,350) • Operating earnings: SEK 216 million (202) • Net earnings: SEK 143 million (127) • Cash flow from operating activities after tax: SEK 343 million (581) • Earnings per share: SEK 5.29 (4.71)President and CEO Peter Aru:“After a weak start to the year, the inflow of orders increased during the second quarter. All markets showed a positive trend, but the trend was weaker in the European market than in other regions. We compensated for the weaker market trend and strengthened our operating

Cardo wins door order worth SEK 19 million

Cardo has entered into an agreement to supply hangar doors for Charles de Gaulle Airport in Paris, France. The order is worth SEK 19 million.In its division Cardo Entrance Solutions, Cardo offers products that include doors of up to 150 meters in width tailored to the requirements of the aircraft, mining and shipyard industries. The doors can be installed in new buildings or in existing ones without the need for reconstruction. The order in question includes installation of Megadoor hangar doors in existing hangars. “This is a significant order where we meet the customer’s requirement

Invitation to conference on August 13 2010 after publication of Cardo’s interim report

Cardo’s interim report for the period January-June 2010 will be published on Friday, August 13, at approximately 8.30 am CET. This invitation is for a conference at Operaterrassen in Stockholm the same day at 10.00 am CET. President and CEO Peter Aru will comment on the report and answer questions. Please note that he conference will be held in Swedish.The presentation will be hosted by Financial Hearings and notification of intention to attend may be made at www.financialhearings.com or via e-mail to hearings@financialhearings.com. You may also take part and ask questions either by

Cardo wins door order worth SEK 8 million

Cardo has entered into an agreement worth SEK 8 million to supply hangar doors.In its division Cardo Entrance Solutions, Cardo offers products that include doors of up to 150 meters in width tailored to the requirements of the aircraft, mining and shipyard industries. The order in question includes replacement of existing hangar doors by new Megadoor doors for an airfield in mid-Sweden.“Megadoor is an exciting product area, and with our solution our customers achieve both flexibility and cost-effectiveness,” says Peter Aru, Cardo’s President and CEO.The order will be booked in the

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