ASSA ABLOY acquires majority stake in iRevo

ASSA ABLOY announced today that it has agreed to acquire in excess of
50% in iRevo,  a Seoul-listed  company and market  leader in  digital
door locks *.

ASSA ABLOY  has  reached an  agreement  with  a number  of  the  main
shareholders, including Mr Jae Hong Ha, the founder and CEO of iRevo,
to acquire in excess of 50% of the shares and voting rights **.

Founded in 1997, iRevo  has grown rapidly  to become Korea's  largest
supplier of digital door locks with distribution mainly in Korea  and
China. The acquisition brings great benefits to the ASSA ABLOY  group
including a market leading position in Korea and access to  efficient
distribution channels  in  the  residential  sector  and  ability  to
leverage on ASSA ABLOY's global distribution network.

The iRevo Group, which employs more  than 200 people, is expected  to
reach a consolidated turnover of approximately  KRW 55 Bn (USD 60  M)
in 2007. The purchase  price for the acquired  shares will amount  to
approximately KRW 23 Bn (USD 25 M). The acquisition is expected to be
slightly dilutive to EPS in 2007.

The completion of the acquisition is subject to regulatory approvals.
The transaction is expected to be completed within one month.

For more information, please contact:
Johan Molin, President and CEO, tel no: +46 8 506 485 42
Åke Sund, Executive Vice President Market and Business Development,
tel: +46 8 506 485 74

* A digital door lock  is a door lock with  primary use of a  digital
code to open the lock. Today iRevo also have products using proximity
cards, remote control fobs and fingerprint as identification media.
** The  previous tender  offer  requirements from  June 25  were  not
fulfilled and the acquisition was not possible to carry through under
the defined conditions.

The information contained  herein may  be subject  to the  disclosure
requirements of ASSA ABLOY AB  under the Swedish Securities  Exchange
and Clearing Operations Act and/or the Swedish Financial  Instruments
Trading  Act.  This  information   has  been  publicly   communicated
September 11 at 11.30 CET.