May 17, 2010 02:20 ET

ASSA ABLOY: Repurchase of shares in the company

STOCKHOLM, SWEDEN--(Marketwire - May 17, 2010) -

The Annual General Meeting of ASSA ABLOY on 22 April 2010 authorised the Board of Directors to, on one or more occasions, repurchase Series B shares in the company for the period up until the next Annual General Meeting. The repurchase shall comprise so many series B shares that the company's holding does not at any time exceed 10 per cent of the total number of shares in the company.

On May 14 2010, the Board of Directors resolved to utilize the authorisation and acquire a maximum number of 300.000 series B shares. The shares will be purchased over NASDAQ OMX Stockholm at a price within the registered share price interval at any given time. Payment of the shares shall be made in cash.

The motive for the repurchase is to ensure the company's undertakings, including social security costs, in connection with the long term incentive programme.

ASSA ABLOY does currently not hold any treasury shares.

For more information, please contact:
Johan Molin, President and CEO, tel no: +46 8 506 485 42
Tomas Eliasson, CFO and Executive Vice President, tel no: +46 8 506 485 72

ASSA ABLOY discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.00 CET on May 17, 2010.


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