Press release from ASSA ABLOY

17 Nov 2000

 
I have owned the shares since the group was established in 1994, at which time I financed my entire investment through borrowed funds. Each year since I have increased the amount borrowed in order to cover payments of interest and wealth tax. My reason for selling this smaller part of my holdings is solely to achieve a more equitable balance between my continuous earnings and costs.  This sale also enables me to achieve a more reasonable risk allocation as regards my total holdings.
 
The timing of the sale has been chosen solely with regard to the restriction in the insider rules and the recently rendered interim report.
 
 
Carl-Henric Svanberg
President & CEO
 
                       
 
For further information, please contact
Carl-Henric Svanberg, President & CEO, tel: +46-8-510 0551
 
ASSA ABLOY AB (publ)
P.O. Box 70340, S-107 23 Stockholm
Tel: +46-8-506 485 00, Fax: +46-8-506 485 85
Visiting address: Klarabergsviadukten 90
 
www.assaabloy.com
 
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The ASSA ABLOY Group is the world's leading manufacturer and supplier of locks and associated products,
dedicated to satisfying end-user needs for security, safety and convenience. Current sales for the Group are in excess of
18 billion SEK (approximately 2 billion USD) and the number of employees is approximately 20,000.