Changes in Cardo group management

Peter Möller is leaving his post as head of the Industrial Door field within Cardo Door. Until a new head of the field takes over, Cardo’s president and CEO Peter Aru will hold the post. Fredrik Groth has been appointed new head of the Pump field within Cardo Pump and a member of Cardo’s group management team. Fredrik Groth comes from the post as CFO of Pump. He is taking over responsibility as head of the field after Peter Aru, who was appointed president and CEO on April 21 this year. Ove Bergkvist, who is in charge of business development at Cardo AB, is acting head of the Garage Door field within Cardo Door and a member of Cardo’s group management team. The previous head of Garage Door left his post on April 12 this year. Anita Hebrand has been appointed vice president human resources at Cardo AB and a member of Cardo’s group management team. Anita Hebrand comes from the post of vice president human resources at Pump. She succeeds Anders Gerhardson, who is leaving group management and the post of vice president human resources to go over to other duties within the group. Malmö, Sweden, June 16 2005 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