AHEAD OF CARDO’S ANNUAL GENERAL MEETING

The annual general meeting of Cardo AB (publ) will be held on Monday, April 7 at 5.00 pm at Palladium, Södergatan 15 in 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 25 in the Swedish newspapers Dagens Industri, Svenska Dagbladet and Sydsvenska Dagbladet and in Post- och Inrikes Tidningar. The notice is attached and is also available on Cardo’s website at www.cardo.com

As will be seen i the notice, the board of directors recommends to the annual general meeting that, among other things, a dividend of SEK 9.00 per share be declared for the financial year 2007 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.

As has been announced previously, it is proposed that the annual general meeting re-elect Fredrik Lundberg as Chairman of the Board. As other directors, it is proposed that Peter Aru, Tuve Johannesson, Berthold Lindqvist, Carina Malmgren Heander, Lennart Nilsson and Anders Rydin be re-elected and that Ulf Lundahl be elected as a new member of the board. Bengt Pettersson has declined re-election as a director.

As the Company’s auditors, the election committee proposes re-election of the registered public accounting firm of Ernst & Young for a further term of four years. The registered public accounting firm has proposed authorized public accountant Kerstin Mouchard as the principal auditor.

Notification
Shareholders wishing to participate in the annual general meeting must be entered in the register of shareholders maintained by VPC AB (Swedish Central Securities Depository & Clearing Organization) no later than Tuesday, April 1 2008 and have given notice of their intention to attend the meeting no later than 4.00 pm, Tuesday, April 1 2008.

Notice of intention to attend the annual general meeting shall be given in one of the following ways:
- at the website: www.cardo.com or by e-mail to info@cardo.com
- by telephone +46 40 35 04 49 or fax +46 40 97 64 40
- by ordinary mail: Cardo AB, AGM, Box 486, SE-201 24 Malmö, Sweden

Detailed information on giving notice of intention to attend the meeting can be found in the official notice.

Malmö, Sweden, February 29 2008

Cardo AB (publ)