Repurchase of own shares

Since 2010 the Board of Directors has requested and received a mandate from the Annual General Meeting to buy back and transfer ASSA ABLOY shares.

The aim has been to:

1) be able to adjust the company’s capital structure, thereby contributing to increased shareholder value

2) be able to exploit acquisition opportunities by fully or partly financing company acquisitions with its own shares

3) ensure the company’s undertakings under its long-term incentive programs.

The 2015 Annual General Meeting authorized the Board of Directors to repurchase, during the period until the next Annual General Meeting, a maximum number of Series B shares so that after each repurchase ASSA ABLOY holds a maximum 10 percent of the total number of shares in the company.

ASSA ABLOY AB currently holds a total of 1,800,000 Series B shares after repurchase to secure the company’s undertakings in connection with the company’s long-term incentive programs.