Gunnebo establishes company in China and invests further in India, Indonesia and the Middle East

Gunnebo establishes company in China and invests further in India, Indonesia and
the Middle East

Gunnebo Security Group is announcing at its Capital Market Day in Stockholm that
it will establish a company in China in 2010. Meanwhile the Group is investing
further in its existing sales companies in India, Indonesia and the Middle East.

The investments are part of the Get It Right action programme and aim to
increase the Group's presence on these important growth markets.

“Gunnebo already does business in China, both purchasing and sales,” says
Gunnebo President and CEO Per Borgvall. “Having our own company on site enables
us to bring together all our activities under the Gunnebo brand and further
develop the business and at the same time establish a platform for
manufacturing. China is a very interesting market for us, and our product range
in Business Lines Bank and Entrance Security is very much of the moment.”

Gunnebo's Chinese operation will initially be based in Shanghai and focus on
purchasing, manufacturing and sales.

“The purchasing- and manufacturing functions will work for the entire Group and
therefore help strengthen Gunnebo's global competitiveness”, says Per Borgvall.

For the time being, the China initiative will be led by Gunnebo President and
CEO Per Borgvall, but a recruitment process for a country manager is under way. 

“We already have Customer Centres in India, Indonesia and the Middle East/Dubai,
but we see excellent potential for increasing our market presence and sales on
these markets. Within the framework of the strategic overhaul in progress within
the Group, we will therefore be investing further in these markets,” Per
Borgvall concludes.

GUNNEBO AB (publ)
Group Communications

For further information, please contact:
Per Borgvall, President and CEO Gunnebo AB, tel. +46 (0)31-83 68 00, or
Karin Wallström, Director of Group Communications Gunnebo AB,
tel. +46 (0)31-83 68 06, mobile: +46 (0)708-28 33 39, or e-mail:
karin.wallstrom@gunnebo.com 

www.gunnebo.com 

The information is such that Gunnebo is obliged to make it public in accordance
with the Swedish Securities Market Act and/or the Swedish Financial Instruments
Trading Act. The information was submitted for publication on February 11, 2010
at 09:34 CET.

Gunnebo security group has an annual turnover of MEUR 640 and 6,000 employees.
We are suppliers of integrated security solutions for bank, retail and sites in
need of high security protection. Our experience and presence make your world
safer.