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

CashGuard AB: Nomination Committee's proposal regarding CashGuard Board MembersDue to the major changes in the ownership of CashGuard AB (publ) and the death of Ivar Formo, certain major shareholders of the company have requested that an Extraordinary General Meeting be held. The Board of Directors has convened an Extraordinary General Meeting, which will be held on February 16, 2007, to address the election of a Board of Directors. In view of this, the Nomination Committee, comprising of Leif Flemming Bakke, chairman, Ulf Davidson, Lars Nyberg 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 five members without deputies. - It is proposed that Christina Detlefsen and Mats Andersson be re-elected as Board Members and that Morthen Johannessen, as Chairman of the Board, Leif Flemming Bakke and Mats-Olof Ljungkvist be newly elected. Lars Johansson and Lars Nyberg have declined re-election. Morthen Johannessen (aged 48) is CEO of Voss of Norway AS and has previously held the position of Deputy CEO of Tomra ASA and senior executive positions within PepsiCo. Johannessen has a Masters degree from the Copenhagen School of Economics. Leif Flemming Bakke (aged 42) conducts his own consulting and investment operations through the two companies Novestra AS and Capnova AS. Leif Flemming Bakke is Chairman of the Board of PSI Group ASA and Vest Hotell Holding AS, and Member of the Board of Captura ASA. Leif Flemming graduated as an accountant from the BI School of Economics. Mats-Olof Ljungkvist (aged 55) is currently CFO of Carnegie Group and will shortly move over to running his own consultancy. Mats-Olof Ljungkvist previously held such positions as CEO of Aragon and CFO of Apoteksbolaget. Mats-Olof has a degree in Business Administration from the Stockholm School of Economics. 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 170 employees and had sales of SEK 214 million in 2005. CashGuard shares are listed on the Stockholm Stock Exchange.Attachment: Press release (PDF) Text version / Internet version / Print / Close