Cardo AB annual general meeting

4/5/2004 1:50 PM EST

At Cardo AB's annual general meeting today, the following resolutions
were among those passed:

Board of directors
Carina Malmgren Heander was elected as a new member of the board of
directors. She is vice president human resources at Sandvik AB, where
she is a member of the group management team. The following members of
the board were re-elected: Fredrik Lundberg, Lennart Nilsson, Tuve
Johannesson, Berthold Lindqvist, Bengt Pettersson, Anders Rydin and
Kjell Svensson.

At the statutory meeting of the board after the annual general meeting,
Fredrik Lundberg was appointed chairman of the board and Lennart Nilsson
vice chairman.

Auditors
The public accounting firm of Ernst & Young AB was appointed as the
company's auditor for a term of four years.

Dividend
In accordance with the proposal put forward by the board of directors,
the meeting declared a dividend of SEK 8.00 per share. Thursday April 8
2004 was established as the day of record for dividend. Payment is
expected to be distributed by VPC AB (Swedish Central Securities
Depository & Clearing Organization) on Thursday April 15 2004.

Resolution on authorization of the board of directors to acquire shares
in the company
The meeting resolved to authorize the board of directors to acquire up
to so many own shares before the next annual general meeting that the
company's holding at no time exceeds 10 percent of all shares in the
company. Acquisition is to be made on Stockholmsbörsen at the market
value applying on the occasion of acquisition. The purpose of the
repurchase is to give the board the opportunity to adjust the capital
structure of the company during the period until the next annual general
meeting.

Nominations committee
The company is to have a nominations committee consisting of the
chairman of the board, who will be the convener, and a representative of
each of the company's three largest shareholders as of September 30 each
year. The announcement of the members of the committee will be made in
connection with the interim report for the third quarter. The duties of
the nominations committee are to submit proposals to the annual general
meeting in respect of the election of the board, auditors whenever
appropriate and fees.

Financial information
The interim report for the period January-March 2004 will be published
on May 4 2004, for the period January-June on August 10 2004 and for the
period January-September on November 2 2004.

Malmö, Sweden, April 5 2004

Cardo AB (publ)

President and CEO Kjell Svensson's address to the annual general meeting
can be found on Cardo's website at www.cardo.se


For further information, please contact:
Christer Roskvist, Head of Public Relations
phone +46 40 35 04 25, +46 708 47 41 83


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.