Ahead of Cardo AB's annual general meeting on April 19

Proposal for election of directors

The following has been proposed by the election committee appointed ahead of the 1999 annual general meeting and consisting of Staffan Grefbäck, Nordbanken funds; Tomas Nicolin, National Swedish Pension Fund, 5th Fund Board and Fredrik Lundberg, L E Lundbergföretagen AB, chairman of the board, who together represent approximately 45 percent of shares and votes in the company:

Re-election of all directors, i.e. Fredrik Lundberg, Lennart Nilsson, Tuve Johannesson, Bengt Pettersson, Anders Rydin, Melker Schörling and Kjell Svensson.

The annual general meeting will be held on Monday, April 19 1999 at 5 pm at Storan, Malmö 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 will be published on March 27 in the newspapers Post- och Inrikes Tidningar and Finanstidningen and on March 28 in the newspapers Svenska Dagbladet, Sydsvenska Dagbladet and Göteborgs-Posten. The notice is appended this press release and will be found on Cardo's website at www.cardo.se

Malmö, Sweden, March 26 1999

Cardo AB (publ)