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Replacements in Top Management of the Kardex Remstar Group

At the end of the year 2005, Richard Flury (1942), CEO and Member of the Board of Directors of Kardex Remstar International Group for many years, will relinquish his function as business executive for reasons of age and retire from operative management. Richard Flury has prepared this step well. The Board of Directors is therefore pleased to be able to present an internal solution for his succession as planned.

Jos De Vuyst will be appointed COO of the Kardex Remstar Group on 1 January 2005. After a transitional year, he will take up the position of CEO on 1 January 2006.

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