ASSA ABLOY's Incentive Program for employees fully subscribed

ASSA ABLOY has issued four convertible bonds of EUR 25 M each to a company especially established for this purpose. The average share price to be used as reference price was established during five trading days prior to 18 June 2004. This gives following conversion prices:

 

Series 2004/2009:1        93.40 SEK     10.20 EUR

Series 2004/2009:2      112.08 SEK     12.20 EUR

Series 2004/2009:3      130.76 SEK     14.30 EUR

Series 2004/2009:4      149.44 SEK     16.30 EUR      

 

Close to 2,000 employees in 15 countries participated. The program will run to June 2009 in line with the maturity of the convertible bonds.

 

The dilution effect of this program, based on the maximum increase in the number of shares after dilution, will amount to 2.08 percent of the share capital and 1.42 percent of the number of votes.

 

 

                          For further information, please contact

 

Ann Holmberg, Manager Corporate Communications, tel: + 46 8 506 485 54

 

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