Ahead of Cardo AB's annual general meeting

Ahead of Cardo AB's annual general meeting The annual general meeting will be held on Monday, April 5 2004 at 5 pm at Malmö Opera och Musikteater, Östra Rönneholmsvägen 20, Malmö, Sweden. An agenda containing the matters that are proposed to be brought before the general meeting is included in the official notice to attend the meeting, which is appended this press release and which will be published on February 28 in the newspaper Post- och Inrikes Tidningar and on February 29 in the newspapers Göteborgs-Posten, Svenska Dagbladet and Sydsvenska Dagbladet. As will be seen from the notice, the board of directors recommends to the annual general meeting both that a regular dividend of SEK 8.00 per share be declared for the financial year 2003 and that the board be authorized to repurchase own shares before the next annual general meeting in accordance with the detailed terms set out in the notice. In addition, it is proposed that Ernst & Young AB be elected as public accounting firm. Malmö, Sweden, February 24 2004 Cardo AB (publ) For further information, please contact: Christer Roskvist, Head of Public Relations, phone +46 40 35 04 25, 35 04 00 Cardo is an international engineering group and a leading supplier of high-quality products and systems with a good aftermarket. Cardo holds strong positions in the markets for doors and pumps. Cardo has subsidiaries in about 30 countries with the focal point resting in western Europe. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/02/24/20040224BIT00540/wkr0001.doc http://www.waymaker.net/bitonline/2004/02/24/20040224BIT00540/wkr0002.pdf Appendix