REPURCHASE OF SHARES IN CARDO

REPURCHASE OF SHARES IN CARDO

The board of directors of Cardo AB (publ) has resolved to utilize the
authorization the board received from the annual general meeting to repurchase
shares in the Company. 

At the 2008 annual general meeting, the board of directors was authorized to
acquire so many own shares before the 2009 annual general meeting that the
Company's holding at no time exceeds 10% of all shares in the Company. The board
of directors has today resolved to instruct executive management to repurchase a
total of up to 3 million shares on appropriate occasions until the 2009 annual
general meeting. The purpose of the repurchasing program is to make it possible
to adapt the capital structure of the Company. 

The total number of shares in Cardo amounts to 30 million. Cardo presently holds
none of its own shares. Acquisition will be made on OMX Nordic Exchange
Stockholm at the market value applying on acquisition. For information on the
realization of repurchases under this mandate, please refer to
www.omxnordicexchange.com on a continual basis.

Malmö, Sweden, June 18 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, Senior Vice President Communications and Investor Relations, tel
+46 40 35 04 25, 070-602 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.