Annual General Meeting of Shareholders in ASSA ABLOY AB

CEO's statement
At today's annual general meeting of shareholders in ASSA ABLOY AB,
President and CEO Johan Molin commented on the most important events
of 2007 and the first quarter of 2008. Among other things, he spoke
of the good organic growth during 2007 and the accelerating growth on
the new markets. Growth was particularly strong in the rapidly
expanding segment of electromechanical products. The restructuring
program was very successful, and the faster pace of product
development led to many successful product launches. During the
course of the year, ASSA ABLOY AB acquired 17 companies, expanding
the overall turnover by 5% annually.
 
During the first quarter 2008 the development was stable, despite
weak sales. The growth continued on the new markets and also in the
commercial segment in the United States. Growth in Europe was lower
mainly due to fewer working days in the first quarter. Underlying
efficiency measures led do an improved gross margin. In closing, he
repeated the prospects for the year: an organic growth of 3-5%,
acquired growth of 5% and a profit margin of 16-17%.
 
Lost work days due to the Easter effect are expected to be recovered
during the second quarter.
 
New board members
The Annual General Meeting in ASSA ABLOY AB elected the board members
Gustaf Douglas, Carl Douglas, Johan Molin, Sven-Christer Nilsson,
Birgitta Klasén, Eva Lindqvist, Jorma Halonen, Lars Renström and
Ulrik Svensson. In addition, Gustaf Douglas was elected as chairman
of the board.
 
Dividends
The Annual General Meeting established the dividend proposed by the
Board of Directors and the Managing Director amounting to SEK 3.60
per share.
The record date of the dividend was set at Tuesday, April 29, 2008
and the dividend is expected to be sent from VPC AB starting on
Monday, May 5, 2008.
 
Remuneration to the Board of Directors
The remuneration to the Board of Directors will amount to
SEK 4,050,000 (not including fees for committee work).
 
Nomination committee
Mikael Ekdahl (Melker Schörling AB), Gustaf Douglas (Investment AB
Latour and SäkI), Marianne Nilsson (Swedbank Robur), Staffan Grefbäck
(Alecta) and Björn Lind (SEB fonder) were selected as members of the
nomination committee until the end of the Annual General Meeting
2009. Mikael Ekdahl was elected chairman of the nomination committee.
 
Establishment of guidelines for remuneration to the Group management
The Annual General Meeting resolved to establish guidelines for
remuneration to Group management, which mainly ensure that the
salaries and remuneration terms for management will be in line with
the market.
 
 
For more information, please contact:
Johan Molin, President and CEO, phone: +46 8 506 485 42
Tomas Eliasson, CFO and Executive Vice President, phone: +46 8 506
485 72
 
 
 
ASSA ABLOY discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.
The information was submitted for publication at 16:40 CET on 24
April.