Expansion of Cardo's options program for new executives

11/21/2000 8:54 AM EST

In September 1998, 44 leading officers at Cardo subscribed for a total of
405,000 call options in Cardo AB. The issuer was L E Lundbergföretagen AB,
which has now granted a further 66,000 options on market terms to 8
leading officers who recently took up their posts. Cardo's board of
directors has today approved the expansion of the options program. Between
2,000 and 20,000 options per person have been allotted.

As under the previous program, each option carries the right to acquire
one share in Cardo AB at the exercise price of SEK 172 during the period
August 1 - September 30 2003. Handelsbanken Investment Banking has
estimated a market value for the options. The price, which is based on the
average share price of SEK 154 over the period November 14 - 20 2000, has
been established at SEK 17 per option.

Malmö, Sweden, November 21 2000

Cardo AB (publ)

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

Cardo is an international engineering group with a turnover of SEK 9.5
billion in 1999. Cardo holds a strong position in the markets for doors,
pumps and rail-vehicle brake systems. Cardo has subsidiaries in about 30
countries with the focal point resting in western Europe, and roughly
7,800 employees.