Ahead of Cardo AB's annual general meeting

2/24/2004 9:33 AM EST

The annual general meeting will be held on Monday, April 5 2004 at 5 pm
at Malmö Opera och Musikteater, Östra Rönneholmsvägen 20, 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 is appended this press release and which will be
published on February 28 in the newspaper Post- och Inrikes Tidningar
and on February 29 in the newspapers Göteborgs-Posten, Svenska Dagbladet
and Sydsvenska Dagbladet.

As will be seen from the notice, the board of directors recommends to
the annual general meeting both that a regular dividend of SEK 8.00 per
share be declared for the financial year 2003 and that the board be
authorized to repurchase own shares before the next annual general
meeting in accordance with the detailed terms set out in the notice. In
addition, it is proposed that Ernst & Young AB be elected as public
accounting firm.

Malmö, Sweden, February 24 2004

Cardo AB (publ)

For further information, please contact:
Christer Roskvist, Head of Public Relations,
phone +46 40 35 04 25, 35 04 00

Cardo is an international engineering group and a leading supplier of
high-quality products and systems with a good aftermarket. Cardo holds
strong positions in the markets for doors and pumps. Cardo has
subsidiaries in about 30 countries with the focal point resting in
western Europe.