ASSA ABLOY holds 98.2 percent of the shares in Cardo and extends the acceptance period

 This press release is not and must not, directly or indirectly, be distributed
  or made public in Australia, Canada, Japan, New Zealand or South Africa. The
  offer is not being made to persons in those jurisdictions or elsewhere where
their participation requires further offer documents, filings or other measures
                 in addition to those required by Swedish laws.


                                                                  March 15, 2011
                                                                        No 09/11

The offer to the shareholders in Cardo has been accepted to the extent that ASSA
ABLOY following settlement will hold 26,508,087 shares in Cardo in aggregate,
representing approximately 98.2 percent of the total number of shares and votes
in Cardo.

As previously announced, all conditions for the offer have been satisfied and
ASSA ABLOY hereby completes the offer to the shareholders in Cardo.

In order to enable shareholders who have not yet accepted the offer to tender
their shares, ASSA ABLOY has decided to extend the acceptance period for the
offer until March 29, 2011 (17:00 CET). Settlement in respect of shareholders
who have already accepted the offer will be made on or around March 18, 2011.
Settlement in respect of shareholders who accept the offer during the extended
acceptance period is expected to commence on or around April 5, 2011. No further
extension will take place.

The acquisition of 98.2 percent of the shares in Cardo has been executed in
three steps:
through an agreement with the larger shareholders, through a public offer and
through acquisitions on NASDAQ OMX in Stockholm.

Through the acquisitions from the larger shareholders in Cardo, ASSA ABLOY
acquired 17,162,400 shares, representing approximately 63.6 per cent of the
total number of shares and votes.

During the initial acceptance period for the public offer valid acceptances were
received for 8,022,687 shares, representing approximately 29.7 percent of the
total number of shares and votes.

Following the announcement of the offer, 1,323,000 shares were acquired on
NASDAQ OMX Stockholm corresponding to 4.9 percent of the total number of shares
and votes, at a price not exceeding the consideration in the offer. ASSA ABLOY
may or may not acquire additional shares in Cardo on NASDAQ OMX Stockholm.


ASSA ABLOY intends to call for compulsory acquisition of the remaining shares in
Cardo in accordance with the Swedish Companies Act (Sw. aktiebolagslagen
(2005:551)) and act to have the Cardo shares delisted from NASDAQ OMX Stockholm.

Those shareholders who wish to accept the offer must sign and post the
acceptance form to:

SEB
Emissioner R B6
SE-106 40 Stockholm

Please note that the acceptance form must reach SEB not later than March
29, 2011 (17:00 CET).

For a comprehensive description of the offer, including terms and instructions
for participation, please read the offer document and acceptance form which are
available on www.assaabloy.com and on www.seb.se/prospekt.  The offer document
and acceptance form are also available ASSA ABLOY, Klarabergsviadukten
90, 107 23 Stockholm, Sweden and at SEB Enskilda, Kungsträdgårdsgatan 8, SE-
106 40 Stockholm, Sweden. Save as set out in this press release, the terms and
conditions set out in the offer document shall continue to apply to the offer.

Accounting issues
Cardo  Entrance Solutions will be fully consolidated  as from next week. For the
full  year  2010 Cardo  Entrance  Solutions  sales  was SEK 4,485 M and the EBIT
margin 11,8%.

Cardo Flow Solutions and Lorentzen & Wettre will be accounted for as Assets for
Sale, i.e. not consolidated.


This information is made public in accordance with the Securities Markets Act
and NASDAQ OMX Stockholm's takeover rules. The information in this press release
was submitted for publication on March 15, 2011, at 15:00 (CET).

For more information please contact:
Johan Molin, President and CEO, Tel: +46 8-506 485 42
Tomas Eliasson, CFO, Tel: +46 8-506 485 72


Important information regarding ASSA ABLOY AB's ("ASSA ABLOY") cash offer to the
shareholders of CARDO AB (publ) ("Cardo") (the "Offer")

This is a translation of the original Swedish language press release. In the
event of a dispute, the original Swedish wording shall prevail.

Offer Restrictions
The Offer is not being made to persons whose participation in the Offer requires
that an additional offer document is prepared or registration effected or that
any other measures are taken in addition to those required under Swedish law.

This press release and any related offer documentation are not being distributed
and must not be mailed or otherwise distributed or sent in or into any country
in which the distribution or offering would require any such additional measures
to be taken or would be in conflict with any law or regulation in such country -
any such action will not be permitted or sanctioned by ASSA ABLOY. Any purported
acceptance of the Offer resulting directly or indirectly from a violation of
these restrictions may be disregarded.

The Offer is not being made, directly or indirectly, by use of mail or any other
means or instrumentality (including, without limitation, facsimile transmission,
electronic mail, telex, telephone and the internet) in or into Australia,
Canada, Japan, New Zealand or South Africa, and the Offer cannot be accepted by
any such use, means, instrumentality or facility of, or from within Australia,
Canada, Japan, New Zealand or South Africa. Accordingly, this press release and
any related offer documentation are not being and should not be mailed or
otherwise distributed, forwarded or sent in or into Australia, Canada, Japan,
New Zealand or South Africa.

ASSA ABLOY will not deliver any consideration from the Offer into Australia,
Canada, Japan, New Zealand or South Africa.

This press release is not being, and must not be, sent to shareholders with
registered addresses in Australia, Canada, Japan, New Zealand or South Africa.
Banks, brokers, dealers and other nominees holding shares for persons in
Australia, Canada, Japan, New Zealand or South Africa must not forward this
press release or any other document received in connection with the Offer to
such persons.

[HUG#1497030]