ELECTION COMMITTEE AHEAD OF AGM 2008

10/9/2007 2:46 AM EST

Under a resolution of Cardo's annual general meeting, an election committee shall be appointed each year consisting of the Chairman of the Board of Directors and one representative of each of the Company's three largest shareholders on September 30. The person representing the Company's largest owner shall chair the election committee. If any owner declines to take part, the right to appoint a representative shall pass to the next largest shareholder.

The election committee that has been appointed ahead of the 2008 annual general meeting consists of:

Ulf Lundahl (chairman), L E Lundbergföretagen AB, Stockholm
Göran Espelund, Lannebo funds, Stockholm
Hans Hedström, HQ funds, Stockholm
Fredrik Lundberg, Chairman of Cardo's board of directors

Proposals regarding election of members of the Board of Directors and the Board fee may be sent either to a member of the election committee or to the Company,  , to be forwarded to the election committee.

Malmö, Sweden, October 9 2007
Cardo AB (publ)