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KUDELSKI SA PRESS RELEASE
Logo "Nagra Kudelski Group"

Cheseaux, April 13, 2005 – The Board of Directors of Kudelski SA will propose to the Annual General Meeting of May 10, 2005 the payment of a dividend of 20 cents (CHF 0.20) per bearer share and 2 cents (CHF 0.02) per registered share, corresponding to 2% of the nominal value.

Since its creation in 1951, Kudelski had until now never paid a dividend, preferring to reinvest all its profits for the development of its business.

Today more than ever, the Kudelski Group has strategic development projects to enable its future growth that will require reinvestment of most of its profits.

As an example, 29.5% of the revenues of the digital television division are reinvested into R&D, demonstrating – among other examples – the commitment of the Group to develop its future business.

However, in order to respond to the expectations of some shareholders, the Board of Directors has decided to propose the payment of a dividend. The ex-date will be May 17, 2005.

For more information, please contact Catherine Hugon, tel. +41 21 732 01 54.