Cardo signs a Preliminary Agreement regarding sale of its business area Rail

Cardo signs a Preliminary Agreement regarding sale of its business area Rail Cardo has entered into a Preliminary Agreement with Vestar Capital Partners according to which Vestar shall acquire the business area Cardo Rail from Cardo. The intention of the Parties is to enter into a definitive sale and purchase agreement as soon as contract negotiations and the due diligence have been completed. Vestar is a leading private equity firm. Founded in 1988, Vestar has offices in Paris, Milan, New York, and Denver, and currently manages approximately US$ 4 billion of capital. The firm has substantial investment experience across a wide range of industries and a long history of investment in the railway supply sector. Cardo Rail, which is one of the world's largest manufacturers of brake systems and brake components for rail vehicles, has a turnover of approximately SEK 2.7 billion and has approximately 2,000 employees. Additional information is expected to be available in the end of May/beginning of June 2002. Malmö, Sweden, April 18 2002 Cardo AB (publ) Cardo is an international engineering group with a turnover of SEK 10.8 billion in 2001. 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 8,000 employees ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/04/18/20020418BIT00160/wkr0001.doc http://www.waymaker.net/bitonline/2002/04/18/20020418BIT00160/wkr0002.pdf