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Annual general meeting 2011 and new CEO of Cardo

At today’s annual general meeting of Cardo at the premises of Mannheimer Swartling Advokatbyrå in Malmö, Sweden, it was resolved that no dividend be paid for the financial year 2010. Further, ASSA ABLOY AB’s proposals to the annual general meeting were approved, entailing among other things that Johan Molin, Tomas Eliasson, Juan Vargues, Jacob Wahlberg and Krister Eriksson were elected as new board members. Johan Molin was elected chairman of the board and Juan Vargues vice chairman of the board. In connection with the annual general meeting, the board members appointed by the employee’s

Change of place for the annual general meeting on April 4

Due to ASSA ABLOY AB’s (publ) acquisition of shares in Cardo AB (publ), only a few shareholders have given notice of their intention to attend Cardo’s annual general meeting on April 4, 2011. Cardo has therefore decided to change the place of the meeting from Palladium on Södergatan 15 in Malmö, Sweden, to the nearby premises of Mannheimer Swartling Advokatbyrå on Södergatan 22 in Malmö. The time is unchanged, 5.00 p.m. Malmö, Sweden, March 30, 2011 Cardo AB (publ)

Proposal regarding Board of Directors etc. of Cardo

In a press release on March 15 2011, ASSA ABLOY has confirmed that the company completes its public offer to the shareholders of Cardo AB (publ) (”Cardo” or the ”Company”) and that ASSA ABLOY following settlement, which is expected to take place on or around March 18 2011, will hold approximately 98.2 per cent of the total number of shares and votes in Cardo. In a statement to the Board of Directors of Cardo on March 15 2011, ASSA ABLOY has informed that the company, in light of the aforementioned, proposes the following to Cardo’s Annual General Meeting on April 4 2011: -  To elect the

Notice of Cardo’s Annual General Meeting

The annual general meeting of Cardo AB (publ) will be held on Monday, April 4 2011  at 5.00 p.m. at Palladium, Södergatan 15 in Malmö, Sweden.An agenda containing the matters that are proposed to be brought before the annual general meeting can be seen in the official notice to attend the meeting, which will be published in Post- och Inrikes Tidningar (the Swedish Official Gazette) on March 4. The notice is attached and is available as of today on Cardo’s website at www.cardo.com. A brief announcement containing information about the notice of the annual general meeting will published on

Report on operations 2010

• Inflow of orders: SEK 8,113 million (8,424) • Net sales: SEK 7,973 million (8,825) • Operating earnings: SEK 843 million (529) • Net earnings: SEK 598 million (345) • Cash flow from operating activities after tax: SEK 872 million (1,416) • Earnings per share: SEK 22.15 (12.78) • Proposed dividend: SEK 10.00 (9.00)President and CEO Peter Aru:“The inflow of orders rose by three percent in 2010. Demand increased in the fourth quarter with North America and Asia enjoying a particularly good trend. During the year, we completed our projects to make our business more

Interim report January - September 2010

• Inflow of orders: SEK 6,086 million (6,423)• Net sales: SEK 5,592 million (6,303)• Operating earnings: SEK 410 million (310)• Net earnings: SEK 293 million (211)• Cash flow from operating activities after tax: SEK 501 million (978)• Earnings per share: SEK 10.85 (7.81)President and CEO Peter Aru:“The inflow of orders rose by one percent during the first nine months of the year. In the third quarter, demand increased in some markets in Europe, while there were fewer project deals in the Group than during the corresponding period the previous year. During the first nine months

Cardo’s AGM 2010

At Cardo’s annual general meeting at Palladium in Malmö, Sweden, today April 7, Cardo’s President and CEO Peter Aru stated that 2009 had been a challenging year and that the process of change to create an operative industrial group had been further strengthened.“During 2009, we succeeded in adapting to the prevailing market situation and changing our product and market mix at the same time as we further improved the efficiency of our business. Net sales rose in China and the service offering remained successful despite a challenging market.” Peter Aru emphasized that Cardo had improved its

Notice of Cardo’s Annual General Meeting

The annual general meeting of Cardo AB (publ) will be held on Wednesday, April 7 at 5.00 pm at Palladium, Södergatan 15 in Malmö, Sweden.An agenda containing the matters that are proposed to be brought before the general meeting is included in the official notice to attend the meeting, which will be published on March 3 in the Swedish newspapers Dagens Industri, Svenska Dagbladet and Sydsvenska Dagbladet and in Post- och Inrikes Tidningar (the Swedish Official Gazette). The notice is attached and is also available on Cardo’s website at www.cardo.com As stated i the notice, the board of

Report on operations 2009

• Inflow of orders: SEK 8,424 million (9,455) • Net sales: SEK 8,825 million (9,742) • Operating earnings: SEK 529 million (941) • Net earnings for the year: SEK 345 million (592) • Cash flow from operating activities after tax: SEK 1,356 million (1,004) • Earnings per share: SEK 12.78 (18.10) 2) • Proposed dividend: SEK 9.00 (9.00)President and CEO Peter Aru: “Cardo performed relatively well during 2009 and succeeded in changing its product and market mix in a very difficult market situation. In the fourth quarter, moreover, the Group succeeded in exceeding its operating margin compared

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