Press release: ASSA ABLOY’s offer regarding Cardo

This press release is not and must not, directly or indirectly, be distributed or made public in Australia, Canada, Japan, New Zealand or South Africa. The offer is not being made to persons in those jurisdictions or elsewhere where their participation requires further offer documents, filings or other measures in addition to those required by Swedish laws. This information is made public in accordance with the Securities Markets Act and NASDAQ OMX Stockholm’s takeover rules. This is a translation of the original Swedish language press release. In the event of a dispute, the original Swedish wording shall prevail.

ASSA ABLOY AB (”ASSA ABLOY”) has today filed its application to the European Commission regarding ASSA ABLOY’s public offer to the shareholders of CARDO AB (publ) (the “Offer”). All necessary and relevant clearances and approvals required to consummate the Offer are expected to be received on or around March 9, 2011. As a consequence, ASSA ABLOY has adjusted the time table for the Offer.

Adjusted time table (preliminary)

Publication of the offer document:  February 8, 2011

Acceptance period:   February 10 – March 11, 2011

Approval from relevant competition authorities:   March 9, 2011

Announcement of acceptance level:  March 15, 2011

Settlement:    March 18, 2011

ASSA ABLOY reserves the right to extend the acceptance period for the Offer, as well as postpone the date of settlement. Settlement will not commence until ASSA ABLOY has received all necessary regulatory clearances and approvals required to consummate the Offer.

For more information please contact:
Johan Molin, President and CEO, Tel: +46 8-506 485 42

This information is made public in accordance with the Securities Markets Act and NASDAQ OMX Stockholm’s takeover rules. The information in this press release was submitted for publication on February 2, 2011, at 18:00 (CET).