ANNUAL GENERAL MEETING 2008 INFORMATION THE ANNUAL GENERAL MEETING OF CARDO AB (PUBL) WILL BE HELD ON MONDAY, APRIL 7 AT 5.00 PM AT PALLADIUM IN MALMÖ, SWEDEN. NOTIFICATION Shareholders wishing to participate in the Annual General Meeting must be entered in the register of shareholders maintained by VPC no later than Tuesday, April 1 2008 and have given notice of their intention to attend the meeting no later than 4.00 pm, Tuesday, April 1 2008. To be entitled to participate in the meeting, shareholders whose shares are nominee registered should have the shares temporarily registered in their own name by the nominee in good time before Tuesday, April 1 2008. Please note that notice of intention to attend the meeting must be given separately as indicated below. Notice of intention to attend the Annual General Meeting shall be given in one of the following ways: .. by mail: Cardo AB, Box 486, 201 24 Malmö .. on Cardo’s website: www.cardo.com .. by e-mail: info@cardo.com .. by telephone: +46 40 35 04 49, fax: +46 40 97 64 40 When giving notice of their intention to participate in the meeting, shareholders shall state their name, personal/corporate identity number, address, daytime telephone number and number of shares. Shareholders intending to take part in the meeting by proxy should send in the original proxy in connection with the notice of intention to participate. If the provider of the proxy is a legal entity, a document showing the authority of the signatory for that entity must also be submitted. Information provided when giving notice will only be used in connection with the Annual General Meet ing and with necessary registration and processing for drawing up a voting list in that respect. PROGRAM FOR ANNUAL GENERAL MEETING 4.00 pm registration begins 4.30 pm opening of place for the meeting 5.00 pm meeting begins Light refreshments will be served after the meeting. Palladium is situated in downtown Malmö at Södergatan 15, on the pedestrians-only street between the squares Stortorget and Gustav Adolfs torg. AHEAD OF THE ANNUAL GENERAL MEETING DIVIDEND The Board of Directors proposes a dividend of SEK 9.00 per share for the financial year 2007. The proposed record day is April 10 2008. Provided the Annual General Meeting resolves in accordance with the proposal, VPC expects to be able to distribute the dividend to the shareholders on April 15 2008. PROPOSAL FOR ELECTION OF BOARD OF DIRECTORS A nomination committee consisting of the Chairman of the Board and representatives of the Company’s largest shareholders, together representing approximately 44 percent of the votes in the Company, has proposed the following: The number of Directors is to be eight. Re-election of the Directors Fredrik Lundberg, who is also proposed as Chairman of the Board, Peter Aru, Tuve Johannesson, Berthold Lindqvist, Carina Malmgren Heander, Lennart Nilsson and Anders Rydin and election of Ulf Lundahl as a new Director. Bengt Pettersson has declined re-election as a Director. The nomination committee has also proposed that Fredrik Lundberg be appointed chairman for the Annual General Meeting. PROPOSAL FOR ELECTION OF AUDITORS External auditors are appointed by the Annual General Meeting for a term of four years. Ahead of the 2008 Annual General Meeting, the nomination committee has proposed re-election of the registered public accounting firm of Ernst & Young AB for the next term. PROPOSAL THAT THE BOARD BE AUTHORIZED TO ACQUIRE SHARES IN THE COMPANY The proposal of the Board of Directors involves authorizing the Board to acquire up to so many own shares before the next Annual General Meeting that the Company’s holding at no time exceeds 10 percent of all shares in the Company. The purpose of the repurchase is to give the Board the opportunity to adjust the capital structure of the Company during the period until the next Annual General Meeting. The validity of a resolution in accordance with the aforementioned is conditional upon the support of shareholders with at least two thirds of both the votes cast and of the shares represented at the meeting. Complete information on the Annual General Meeting is available on the website www.cardo.com 76 CARDO ANNUAL REPORT 2007
