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Kardex Remstar International Group rectifies AFT's goodwill position

Following its announcement of 14 May 2006, Kardex AG's Board of Directors wishes to clarify the situation regarding the revised version of its financial statements for 2005.

The reappraisal of projects being handled by the AFT Division

(Industrial Automation and Conveyor Technology) and examination of the

remaining items in the statements is largely complete. As far as we are

able to tell at the moment, the correction necessary, before any

adjustment for goodwill, will be within the previously announced range

of EUR 20.0 to 25.0 million.

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