EANS-Adhoc: Kardex AG / Kardex AG Annual General Meeting approves proposals of the Board of Directors

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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21.04.2009

Par value reduction of CHF 2.50 per share - Conversion of bearer
shares into registered shares - Withdrawal of proposals to restrict
voting rights and waive the opting-up clause

The 31st Annual General Meeting of Kardex AG on April 21, 2009
approved the proposals put forward by the Board of Directors to
reduce the par value by CHF 2.50 per share instead of making a
dividend pay¬ment and to convert bearer shares into registered
shares. The proposals published in the invitation to the Annual
General Meeting to restrict voting rights to 5% and to waive the
opting-up clause were with¬drawn by the Board of Directors following
recent discussions with major shareholders and institutional
investors. Walter T. Vogel was re-elected to the Board of Directors
for a further three-year term.

Following the capital reduction, which is scheduled to take place
following entry in the commercial register in July 2009, Kardex AG´s
share capital will amount to CHF 61,901,983, divided into 5,627,453
shares with a par value of CHF 11 per share.

Kardex Remstar International Group Australia, Austria, Belgium,
China, Cyprus, Czech Republic, Finland, France, Germany, Hungary,
India, Ireland, Italy, Malaysia, the Netherlands, Norway, Poland,
Portugal, Russia, Singapore, Slovakia, Spain, Sweden, Switzerland,
Turkey, UK, USA.

Disclaimer This communication contains statements that constitute
"forward-looking statements". In this communication, such
forward-looking statements include, without limitation, statements
relating to our financial condition, results of operations and
business and certain of our strategic plans and objectives. Because
these forward-looking statements are subject to risks and
uncertainties, actual future results may differ materially from those
expressed in or implied by the statements. Many of these risks and
uncertainties relate to factors which are beyond Kardex´s ability to
control or estimate precisely, such as future market conditions,
currency fluctuations, the behavior of other market participants, the
actions of governmental regulators and other risk factors detailed in
Kardex´s past and future filings and reports and in past and future
filings, press releases, reports and other information posted on
Kardex Group companies´ websites. Readers are cautioned not to put
undue reliance on forward-looking statements, which speak only of the
date of this communication. Kardex disclaims any intention or
obligation to update and revise any forward-looking statements,
whether as a result of new information, future events or otherwise.

end of announcement euro adhoc
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ots Originaltext: Kardex AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Jos De Vuyst, Chief Executive Officer

jos.devuyst@kri-group.com

Tel. +41 (0)44 386 44 15

Gerhard Mahrle, Chief Financial Officer

gerhard.mahrle@kri-group.com

Branche: Heavy Engineering
ISIN: CH0018263415
WKN: 1826341
Index: SPI, SPIEX, SSCI
Börsen: SWX Swiss Exchange / regulated dealing