Kaba Holding AG

euro adhoc: Kaba Holding AG
Kaba shareholders approve all board proposals

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- Rümlang, 26 October 2004 – The General Meeting of Kaba Holding AG approved all of the proposals that had been submitted by the Board of Directors. Thus, shareholders will receive a gross dividend of CHF 4.00 per registered share (PY: CHF 3.00). The increase was proposed by the Board in view of the encouraging results attained in financial 2003/2004 and the ongoing economic momentum that characterizes the current year. As already announced when the annual results were presented in September 2004, the uptrend in demand on the security market is expected to sustain sales growth and generate overproportional earnings growth for the Kaba Group. The shareholders elected Rolf Dörig (47) as a new member of the Board of Directors. He has been CEO of the Swiss Life Group since 2002 and previously held several executive positions during his 16 years with the Credit Suisse Group. Current board members Karina Dubs-Kuenzle, Maurice P. Andrien, and Rudolf W. Weber were elected for a further term. Kaba is a globally active, publicly traded security corporation. With its «Total Access» strategy, the Kaba Group is specialized in integrated solutions for security, organization, and convenience at building and information access points. Kaba is also the world market’s No. 1 provider of key blanks, key cutting and coding machines, transponder keys, and high security locks. It is a leading provider of electronic access systems, locks, master key systems, hotel locking systems, security doors, and automatic doors. Further information is available at www.kaba.com . This communication contains certain forward-looking statements including statements using the words "believes", "assumes", "expects" or formulations of a similar kind. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which could lead to substantial differences between the actual future results, the financial situation, the development or performance of the Company and those either expressed or implied by such statements. Such factors include, among other things: competition from other companies, the effects and risks of new technologies, the Company's continuing capital requirements, financing costs, delays in the integration of acquisitions, changes in the operating expenses, the Company's ability to recruit and retain qualified employees, unfavorable changes to the applicable tax laws, and other factors identified in this communication. In view of these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company accepts no obligation to continue to report or update such forward-looking statements or adjust them to future events or developments. end of announcement euro adhoc 26.10.2004 18:00:00 --------------------------------------------------------------------- Further inquiry note: Ulrich Graf, President and CEO; Tel. +41 44 818 90 61 Dr. Werner Stadelmann, CFO; Tel. +41 44 818 90 61 Branche: Semiconductors & active components ISIN: CH0011795959 WKN: 1179595 Index: SPI Börsen: SWX Swiss Exchange / official dealing

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