CashGuard AB: Nomination Committee's proposal regarding CashGuard Board membership

The Nomination Committee, comprising of Leif Flemming Bakke,
chairman, Ulf Davidson and Christer Zetterberg has decided to present
the following proposals.

- The Nomination Committee proposes that up to the close of the next
Annual General Meeting the Board of Directors will consist of three
members without deputies.

- It is proposed that Leif Flemming Bakke and Mats Andersson be
re-elected as Board Members and Mats-Olof Ljungkvist, as Chairman of
the Board. Christina Detlefsen and Morthen Johannessen have declined
re-election.

- The Nomination Committee proposes that directors fees totalling SEK
650,000 be paid, of which the Chairman of the Board will account for
SEK 350,000 and each other Member of the Board for SEK 150,000.

The Nomination Committee's proposals, as described above, are
supported by shareholders representing approximately 40% of all of
the shares in the company.


For further information, please contact:
Leif Flemming Bakke, chairman of the Nomination Committee, tel. + 47
907 222 00



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 180 employees and had sales of  SEK
387 million in  2007. CashGuard  shares are listed  on the  Stockholm
Stock Exchange.