euro adhoc: Kaba Holding AG / Annual & Special Corporate Meetings / All proposals of the Board of Directors ratified (E)

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Rümlang, October 21, 2003 - The General Meeting of Kaba Holding AG

approved all of the proposals that had been submitted by the Board of Directors. Accordingly, shareholders will receive an unchanged dividend of CHF 3 (gross) per registered share. Rudolf Hauser (Chairman) Thomas Zimmermann (member) were reelected for a further three-year term.

By approving the creation of authorized capital, Kaba’s shareholders granted the Board of Directors the option to increase the company’s share capital by a maximum of CHF 3.5 million by no later than October 21, 2005. This is equivalent to the issuance of a maximum of 350,000 registered shares to be fully paid up at CHF 10 par.

As already pointed out at the press conference on September 22, 2003, the purpose of creating authorized capital is to enhance Kaba’s credibility and negotiation leverage in acquisition talks while facilitating access to suitable candidate companies. Acquisitions would be restricted to companies that can accelerate the implementation of the «Total Access» strategy, strengthen the Kaba Group’s earnings potential, and have a positive impact on the development of earnings per share.

Kaba is a globally active, publicly traded security corporation. With its «Total Access» strategy, the Kaba Group is specialized in integrated solutions for security, organization, and convenience at building and information access points. Kaba is also the world market’s No. 1 provider of key blanks, key cutting and coding machines, transponder keys, and high security locks. It is a leading provider of electronic access systems, locks, master key systems, hotel locking systems, security doors, and automatic doors. Further information is available at www.kaba.com

This communication contains certain forward-looking statements including statements using the words "believes", "assumes", "expects" or formulations of a similar kind. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which could lead to substantial differences between the actual future results, the financial situation, the development or performance of the Company and those either expressed or implied by such statements. Such factors include, among other things: competition from other companies, the effects and risks of new technologies, the Company's continuing capital requirements, financing costs, delays in the integration of acquisitions, changes in the operating expenses, the Company's ability to recruit and retain qualified employees, unfavorable changes to the applicable tax laws, and other factors identified in this communication. In view of these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company accepts no obligation to continue to report or update such forward-looking statements or adjust them to future events or developments.

Further inquiry note:
Ulrich Graf, President and CEO; Phone +41 1 818 90 61
Dr. Werner Stadelmann, CFO; Phone +41 1 818 90 61
Tel: 41 1 818 90 11
FAX: 41 1 818 90 18
Email: info@kaba.com

Emittent: Kaba Holding AG Hofwisenstrasse 24 CH-8153 Rümlang Tel: 41 1 818 90 11 FAX: 41 1 818 90 18 Email: info@kaba.com WWW: www.kaba.com ISIN: CH0011795959 WKN: 1179595 Indizes: SPI Börsen: official dealing SWX Swiss Exchange

end of announcement euro adhoc

Branche: Semiconductors & active components
Sprache: Englisch

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