ASSA ABLOY: Restructuring program expanded

The review of the Group's production structure in high-cost countries
that was announced in 2008 has now been completed, and has been
expanded to include around forty restructuring projects which will
affect all the Group's divisions. The expanded program involves
further closures of 15 production units and a move to final assembly
work in the remaining units in high-cost countries. In addition, it
has been decided to carry out a consolidation of administrative
support functions.

It is estimated that the expanded program will cost SEK 1,180 M
(including the SEK 247 M that was set against earnings in the third
quarter), compared with the SEK 800 M that was announced earlier.
This figure also includes both the relocation of the production plant
at Barkan on the West Bank and the effect of the weakened krona since
the program was settled in August 2008.

The program is expected to be expensed in its entirety in 2008 and
has a payback time
of 2 to 3 years. A total of 1,800 employees will be affected by the
measures, compared with the 1,200 announced earlier.

The fourth quarter will also be burdened with one-off costs totaling
about SEK 80 M relating to the provision of supplementary lock
protection in the Swedish operation.


For more information, please contact:
Johan Molin, President and CEO, tel no: +46 8 506 485 42
Tomas Eliasson, CFO and Executive Vice President, tel no: +46 8 506
485 72


ASSA ABLOY may be required to disclose the information provided
herein pursuant to the Securities Markets Act. The information was
submitted for publication at 08:30 CET on 15 January.