CashGuard AB: Extraordinary General Meeting cancelled

Following discussions between the Board of Directors and major
shareholders, the decision has been made not to convene an
Extraordinary General Meeting during December 2007.

In a press release dated November 21, 2007, the Board of Directors of
CashGuard AB (publ) announced that it would decline re-election and
convene an Extraordinary General Meeting during December to elect a
new Board of Directors. Following this announcement, the principal
shareholders of CashGuard AB (publ) have taken a joint initiative to
enable the Board of Directors to continue serving as Members of the
Board and further develop CashGuard. Following discussions with said
shareholders and the Nomination Committee, conditions have been
created for conducting Board work that is strategic and appropriate
for the company. In accordance with these conditions, the Board of
Directors has thus agreed to remain in office.

Consequently, the Board majority will not convene an Extraordinary
General Meeting as disclosed in the previous press release.

Board of Directors:
via Morthen Johannessen, Chairman
Principal shareholders:
via Christer Zetterberg

For further information, please contact:
Morthen Johannessen, Chariman of the Board in CashGuard AB (publ),
tel +47 908 721 67, mj@vosswater.com


Facts about CashGuard AB (publ)
CashGuard develops and  sells products  and services  for secure  and
fully automatic cash  handling and cash  logistics. Via direct  sales
and distribution  partners, CashGuard  focuses on  retail  companies,
post offices  and  banks,  as  well as  on  security  companies.  The
CashGuard Group has approximately 190 employees and had sales of  SEK
323 million in  2006. CashGuard  shares are listed  on the  Stockholm
Stock Exchange.