The board recommends: Regular dividend of SEK 8 per share and extra dividend of SEK 32 per share

12/5/2002 5:18 AM EST

The board recommends

Regular dividend of SEK 8 per share and
extra dividend of SEK 32 per share

The board of directors of Cardo has today resolved to submit a
recommendation to the annual general meeting on April 7 2003 of a
regular dividend for the financial year 2002 of SEK 8 per share and an
extra dividend of SEK 32 per share.

The regular dividend requires SEK 240 million and the extra dividend SEK
960 million.

The dividend recommendation is to be viewed in the light of the sale of
the Rail business area, which freed up approximately SEK 2 billion and
gave a capital gain of SEK 323 million.

If the annual general meeting resolves in accordance with the
recommendation of the board of directors, Cardo's equity ratio after
payment of the total dividend amount of SEK1,200 million is expected to
be approximately 50 percent, which will provide continued financially
good prospects of expanding the business.

Malmö, Sweden, December 5 2002

Cardo AB (publ)

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.