Annual General Meeting in ASSA ABLOY AB - The board proposes global incentive program

The Board of ASSA ABLOY AB convenes the Annual General Meeting on Thursday April 26, 2007, at 3.00 p.m. in the Auditorium of Moderna Museet at Skeppsholmen in Stockholm. The meeting is, in addition to ordinary matters to be considered at an annual meeting, proposed to approve the recommendation by the Board of Directors to introduce a global incentive program for employees within the ASSA ABLOY Group.

The new incentive program, Incentive 2007, has been prepared to ensure participation for the new employees in the Group since the latest incentive program. Incentive 2007, which in all material respects will be structured in accordance with the program of 2004, will be open to approximately 28,000 of the Group's employees in approximately 17 countries.

Pursuant to the program, Group employees will be offered the opportunity to acquire shares at market price in a company especially established for the intended purpose, which company shall subscribe for convertible bonds issued by ASSA ABLOY. It is proposed that the convertible bonds will be issued at a nominal value of up to EUR 100 million with a maturity of five years.

The dilution will depend on the ASSA ABLOY share price, which will be established during a measure period of five banking days prior to the date of subscription and payment for the convertible bonds, and the applicable exchange rate (SEK/EUR) but is expected to amount to approximately 1.2 per cent of the share capital and 0.8 per cent of the total number of votes.

The full notice to the shareholders' meeting is attached.

For more information, please contact: Martin Hamner, Director of Investor Relations and Group Controller, phone 46 (0)8-506 485 79

ASSA ABLOY AB (publ), Box 70340, 107 23 Stockholm, Sweden. Visiting address: Klarabergsviadukten 90. Tel: 46 (0)8 506 485 00, Fax: 46 (0)8 506 485 85. www.assaabloy.com

ASSA ABLOY is the global leader in door opening solutions, dedicated to satisfying end-user needs for security, safety and convenience.

The press release and an invitation to the Annual General Meeting is attached here:

Annual General Meeting of ASSA ABLOY AB: http://hugin.info/1014/R/1114922/203334.pdf