L E Lundbergföretagen AB issues call options to Cardo senior management

Through its subsidiary L E Lundberg Kapitalförvaltning AB, L E Lundbergföretagen AB has decided to offer 13 members of Cardo AB’s senior management the chance to acquire a total of not more than 360,000 call options in Cardo AB on market terms. Each call option carries the right to buy one share in Cardo during the period May 1 – October 1 2010. If the offer is fully subscribed and the call options fully exercised, the call options on offer are equivalent to 1.2 percent of the shares and votes in Cardo. Cardo AB’s board has been informed of the offer. Cardo AB is not taking part in the offer, nor will it be charged with any costs attributable to the offer. Malmö, Sweden, March 14 2006 Cardo AB (publ)