REPURCHASE OF SHARES IN CARDO - FLAGGING

REPURCHASE OF SHARES IN CARDO - FLAGGING

Cardo AB (publ) has repurchased shares for SEK 235,993,175. 

From August 14 to December 2 2008, executive management of Cardo AB has
repurchased 1,500,000 shares in the Company for a total of SEK 235,993,175,
signifying an average price of SEK 157.33. 

The repurchases have been made under the authorization of the general meeting of
shareholders and a resolution of the board of directors of June 18 2008 to
acquire so many own shares that the Company's holding at no time exceeds 10
percent of all shares in the Company. 

The total number of shares in Cardo amounts to 30,000,000. Cardo's present
holding of its own shares amounts to 3,000,000 shares, which is therewith
equivalent to 10 percent of all shares and votes in the Company. The shares have
been repurchased for a total of SEK 458,746,025, signifying an average price of
SEK 152.92. The authorization of the general meeting of shareholders regarding
repurchase of own shares has been therewith fully utilized.


Malmö, Sweden, December 3 2008
Cardo AB (publ)



For further information, please contact: 
Peter Aru, President and CEO, tel. +46 40 35 04 53 
Ulf Liljedahl, CFO, tel + 46 40 35 04 42
Maria Bergving, SVP Communications & Investor Relations, 
tel. +46 40 35 04 25, +46 70 602 61 81, maria.bergving@cardo.com

Cardo is an international group with leading brands, offering solutions with
quality products, a high level of service and great applications know-how to
industrial customers. Operations are pursued in the Group's divisions: Door &
Logistics Solutions, Wastewater Technology Solutions, Pulp & Paper Solutions and
Residential Garage Doors, which all enjoy strong positions in their respective
markets. The Group has approximately 6,000 employees in more than 30 countries
and sales of approximately SEK 9.5 billion. Corporate headquarters are located
in Malmö, Sweden.