Disclosure of Equity Participations

Disclosure of Equity Participations pursuant to articles 9 and 17 of the Ordinance of the Federal Banking Commission on the Stock Exchange
 

Neuhausen am Rheinfall / Switzerland - Card Guard AG (SIX Swiss Exchange: CARDG) announced today that according to a notification received on January 23, 2009, Patrick Schildknecht from Uitikon-Waldegg (Contact: 079 454 67 71) now holds directly and indirectly via SK Holding AG, Im Ruostel 24, CH-8844 Euthal, 395,900 registered shares or 3.38 % of the voting rights in Card Guard AG after a purchase on January 22, 2009. Patrick Schildknecht is Chairman of the Board of SK Holding AG and directs all investment decisions.

About Card Guard AG
Card Guard AG, headquartered in Neuhausen am Rheinfall, Switzerland, is a leading company for healthcare technolo¬gies and solutions, specializing in advanced telehealth systems and monitoring services for high-risk and chronically ill patients, including ordinary consumers of health products and those who are worried about their wellness. Card Guard has subsidiaries in the United States, the Netherlands, Japan, the United Kingdom, Switzerland and Israel. Among its subsidiaries, Card Guard AG, through its newly created holding company LifeWatch Corp., owns LifeWatch Services Inc., a leading US-based cardiac monitoring service provider, and LifeWatch Technologies Inc., a US-based manufacturer of telecardiology products. www.cardguard.com

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For further information please contact:

Kobi Ben Efraim   
Chief Financial Officer                                                          
Tel       +41 52 632 00 50 | Fax   +41 52 632 00 51                                
Email   kobibe@cardguard.com                           

Sensus Investor & Public Relations, Zürich:
Tel       +41 43 366 55 11 |  Fax  +41 43 366 55 12 
Email   cardguard@sensus.ch

This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding future results of operations and financial position, business strategy and plans and objectives for future operations, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect” and similar expressions are intended to identify forward-looking statements. Card Guard AG has based these forward-looking statements largely on current expectations and projections about future events and financial trends that it believes may affect the financial condition, results of operations, business strategy, short term and long term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances described may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. All forward-looking statements are based only on data available to Card Guard AG at the time of the issue of this press release. Card Guard AG does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES.  THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OF SECURITIES OF CARD GUARD AG OR ANY OF ITS SUBSIDIARIES FOR SALE IN THE UNITED STATES OR AN INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES OF CARD GUARD AG OR ITS SUBSIDIARIES IN THE UNITED STATES. IN ADDITION, THE SECURITIES OF CARD GUARD AG AND ITS SUBSIDIARIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.  ANY PUBLIC OFFERING OF SECURITIES TO BE MADE IN THE UNITED STATES WILL BE MADE BY MEANS OF A PROSPECTUS THAT MAY BE OBTAINED FROM CARD GUARD AG OR ITS SUBSIDIARIES, AS APPLICABLE, AND WILL CONTAIN DETAILED INFORMATION ABOUT THE ISSUER AND ITS MANAGEMENT AS WELL AS FINANCIAL STATEMENTS OF THE ISSUER.