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Sale of AFT division closed

Kardex AG is selling its AFT division effective February 21, 2007 to the

Munich-based Certina Group since agreement could not be reached with

the original buyer (see media information dated December 22, 2006) on

the terms of the closing. The contract with the Certina Group was signed

and closed yesterday. As previously published, the anticipated

extraordinary costs for the restructuring and hive-off of AFT amount to

around EUR 25 million. Appropriate provisions are to be made in the 2006

financial statements.

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