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Kardex Remstar Group postpones 2006 General Meeting

The Kardex Remstar International Group and its three divisions applied

for and announced the suspension of trading in Kardex shares for Friday,

12 May 2006. In the course of an ongoing overhaul of the strategy and

processes practised by the AFT Division, management uncovered a number

of serious errors in the assessment of various projects. These errors

will lead to considerable adjustments in the Group’s financial

statements for 2005 and, possibly, of the individual financial statement

for Kardex AG. In view of these facts, the financial statements for

2005 will have to be drawn up again and re-audited.

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