Loomis sells Loomis Cash Management (LCM) operation in the UK

Loomis sells Loomis Cash Management (LCM) operation in the UK

Loomis AB's cash handling operation in the United Kingdom Loomis Cash Management
Ltd (LCM) has sold its fixed assets and operation to Vaultex UK Ltd jointly
owned by HSBC Bank plc and Barclays Bank PLC. The hand over of operation, assets
and employees has taken place on November 24, 2007.

The sale of the fixed assets and the operations will result in a loss of
approximately MSEK 160 (MGBP 12) due to a lower transaction price than book
value and a provision made for warranties agreed with the buyer. The loss will
be accounted for in the fourth quarter 2007. 

On November 24, 2007 a final stock take of all cash was made. The reconciliation
of all accounts and the results of the stock take are expected to be known at
the latest when the Year End Report 2007 is published on February 12, 2008. Any
changes in the provision of MSEK 824 (MGBP 61) established as of December 31,
2006, for historic variances, will be known at that time. 

As announced on August 7, 2007, the Bank of England is investigating
non-compliance of declarations made to the Bank of England under the Note
Circulation Rules (the NCS rules). The investigation continues.

Loomis UK will after the sale continue to focus on Cash Transport and Cash
Processing as one of the market leaders in cash handling services in the UK.
Loomis AB has after the transaction annual sales of nearly 11 billion SEK with
some 20,000 employees in eleven countries in Europe and in the USA.  

This press release is also available at: www.securitas.com


Information:
Gisela Lindstrand, Senior Vice President Corporate Communications and Public
Affairs, phone +46 8 657 7332 or +46 70 287 8662