Cardo sells shares in Tebel

Cardo sells shares in Tebel On December 31, 1999, Cardo sold its shareholding in the Dutch company Transferia Holding BV (Tebel), which manufactures train doors. The buyer is the Austrian company IFE-AG, one of the leading manufacturers of automatic door systems for railcars and buses. The shareholding in Tebel was subject to a write-down in the 1998 financial statements. The purchase price is equivalent to the book value, and Cardo group earnings after financial items for 1999 are therefore not affected by the sale. Malmö, Sweden, January 3 2000 Cardo AB (publ) For further information, please contact: Sven-Erik Persson, Executive Vice President, phone +46 40 35 04 50, +46 40 35 04 00 Christer Roskvist, Head of Public Relations, phone +46 40 35 04 25, +46 40 35 04 00 Cardo is an international engineering group with a turnover more than SEK 9 billion. Cardo holds a strong position in the markets for doors, pumps and rail-vehicle brake systems. Cardo has subsidiaries in about 30 countries with the focal point resting in western Europe, and roughly 7,400 employees. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/01/03/20000103BIT00120/bit0001.doc http://www.bit.se/bitonline/2000/01/03/20000103BIT00120/bit0002.pdf