Carl-Gustaf Rasmusson has taken up the position as head of business development for the Cardo group.

Carl-Gustaf Rasmusson has taken up the position as head of business development for the Cardo group. This post reports directly to the CEO. Carl-Gustaf Rasmusson has most recently been engaged as a consultant for special projects within Cardo. His previous work includes business development and financial control in the Dacke group and as president of the Skogs group in Malmö with operations in printing and real estate. Malmö, Sweden, April 27 2000 Cardo AB (publ) For further information, please contact: 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 of approximately SEK 9.5 billion in 1999. 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 7,700 employees. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/27/20000427BIT00480/bit0001.doc http://www.bit.se/bitonline/2000/04/27/20000427BIT00480/bit0002.pdf