25.05.2007 – 06:00

Kardex Systems AG

Kardex AG: Annual General Meeting approves proposals of the Board of Directors Creation of conditional capital

Zurich (ots)

The Annual General Meeting of Kardex AG approved
the creation of CHF 12,150,000 in conditional capital. Martin Wipfli
was elected as a new member to the Board of Directors. All proposals
put forward by the Board of Directors were approved.

At the Annual General Meeting of Kardex AG in Zurich on May 24,
2007, shareholders approved all proposals put forward by the Board of
Directors.

Shareholders voted in favor of the creation of conditional capital
in the amount of CHF 12,150,000. The Annual General Meeting also
approved the annual report, the annual financial statements and the
consolidated statements of account for fiscal 2006. The net loss was
offset against reserves and carried forward to new account.

The shareholders granted discharge to the Board of Directors and
Management in respect of their activities in the 2006 financial year
and elected Leo Steiner and Philipp Buhofer to the Board for a
further term of office of three years. Martin Wipfli, attorney and
Managing Partner with Baryon AG, was elected as a new member to the
Board of Directors. KPMG was re-elected as statutory and Group
auditors for 2007. At the subsequent constituting meeting of the
Board of Directors, Leo Steiner was confirmed in office as Chairman
of the Board of Directors.

Kardex Remstar International Group

Australia, Austria, Belgium, China, Cyprus, Czech Republic,
Finland, France, Germany, Greece, Hungary, India, Ireland, Italy,
Mexico, Netherlands, Norway, Poland, Portugal, Sweden, Switzerland,
Singapore, Slovakia, Spain, South Korea, Taiwan, UK, USA.

Contact:

Heidi Zenklusen
Holding Secretariat Kardex AG
E-Mail: heidi.zenklusen@kri-group.com
Tel.: +41/44/386'44'73
Fax: +41/44/386'44'17