ASSA ABLOY

Quarterly Report • Oct 5, 2015

Supervising Authority	: Ministry of DevelDepartment of SA companies
Approval date from the B.O.D.
of quarterly periodic financial statements	: 20th Αugust 2007
Certified Auditor Accountant	: Evaggelos Ν. Pagonis - L.C./ Accociation of Certified Auditors: 14211
Auditing Association & Certified Auditing Firm	: BAKER TILLY HELLAS ΑΕ - L.C./ Accociation of Certified Auditors: Ε 148
Type of Review Opinion	: With no qualification
Company's web site	: www.ascompany.gr

Certified Auditor Accountant : Evaggelos Ν. Pagonis - L.C./ Accociation of Certified Auditors: 14211 Auditing Association & Certified Auditing Firm : BAKER TILLY HELLAS ΑΕ - L.C./ Accociation of Certified Auditors: Ε 148

BALANCE SHEET			PROFIT AND LOSS STATEMENT
Amounts expressed in €			Amounts expressed in €		COMPANY
		COMPANY
				1.1 to	1.1 to	1.4 to	1.4 to
ASSETS	30.06.2007	31.12.2006		30.06.2007	30.06.2006	30.06.2007	30.06.2006
Non-current assets			Sales Turnover	11.154.312,71	7.994.160,77	4.243.815,76	3.759.022,67
Tangible fixed assets	8.559.370,13	8.737.598,96	Cost of goods sold	-5.138.377,02	-3.864.643,97	-2.105.617,19	-1.755.214,29
Intangible fixed assets	72.813,93	21.886,56	Gross profit	6.015.935,69	4.129.516,80	2.138.198,57	2.003.808,38
Investing activities and other long term recievables	83.110,69	96.765,94	Other income	22.431,18	47.088,64	22.093,44	20.157,68
			Administration expenses	-552.739,16	-528.040,00	-290.713,54	-294.625,12
Current assents			Selling and Distribution expenses	-2.621.435,38	-1.812.689,74	-911.911,18	-871.089,85
Inventories	4.280.643,58	3.550.394,34	Research and Development expenses	-75.947,31	-68.569,58	-42.752,07	-34.576,24
Trade debtors	15.957.684,19	13.297.972,00	Profit/(loss) before tax, interest,
Short term investing activities	31.998,88	13.108,00	investing results and depreciation	2.788.245,02	1.767.306,12	914.915,22	823.674,85
Other assets	392.710,61	304.948,25	Depreciation	-266.254,64	-258.141,91	-130.677,15	-124.642,67
Cash and cash equivalents	472.696,49	351.041,97	Profit/(loss) before tax, interest,
			and investing results	2.521.990,38	1.509.164,21	784.238,07	699.032,18
TOTAL ASSETS	29.851.028,50	26.373.716,02	Financing activities expenses	-206.155,10	-152.895,87	-98.755,78	-73.844,56
			Profit/(loss) before tax	2.315.835,28	1.356.268,34	685.482,29	625.187,62
			Less:Taxes	-511.634,37	-564.866,21	-174.251,14	-399.029,22
SHAREHOLDERS' EQUITY AND LIABILITIES			Profit/(loss) after tax from continued operations (a)	1.804.200,91	791.402,13	511.231,15	226.158,40
			Profit/(loss) after tax from discontinued operations (b)	0,00	0,00	0,00	0,00
Long term liabilities			Profit/(loss) after tax (continued and
Borrowings	4.459.407,12	4.347.826,10	discontinued operations) (a) + (b)	1.804.200,91	791.402,13	511.231,15	226.158,40
Other long term liabilities	1.276.384,01	747.415,72	Distribution:
			Company's shareholders	1.804.200,91	791.402,13	511.231,15	226.158,40
Short term liabilities			Minority Shareholders'	0,00	0,00	0,00	0,00
Debts to trade creditors	2.874.577,38	2.486.442,27	Profit after tax per share in ( €)	0,082	0,036	0,023	0,010
Borrowings	994.293,92	828.868,45
Other short term liabilities	4.877.811,37	3.086.207,69
Total liabilities (a)	14.482.473,80	11.496.760,23
			STATEMENT OF CHANGES IN EQUITY
Share capital and Reserves			Amounts expressed in €		COMPANY
Paid up share capital	8.313.146,00	8.313.146,00		30.06.2007	30.06.2006
Share premium	74.509,17	74.509,17
Reserves	1.464.844,03	1.369.022,72	Opening balance (01.01.2007& 01.01.2006 respectively)	14.876.955,79	14.224.116,48
Profits	5.516.055,50	5.120.277,90	Year's Profit / (loss) after taxes	1.804.200,91	791.402,13
Total Shareholders Equity (b)	15.368.554,70	14.876.955,79	Dividends	-1.312.602,00	-1.093.835,00
Minority Rights ( c)	0,00	0,00	Net income towards equity	0,00	0,00
Total Equity (d) = (b) +( c)	15.368.554,70	14.876.955,79	Bought / (Sold) own shares	0,00	0,00
TOTAL SHAREHOLDERS EQUITY AND LIABILITIES (e) = (a) + (d)	29.851.028,50	26.373.716,02	Year end equity (30.06.2007 & 30.06.2006 respectively)	15.368.554,70	13.921.683,61
CASH FLOW STATEMENT
Amounts expressed in €		ΕΤΑΙΡΕΙΑ
	1.1 έως	1.1 έως	Notes:
Operating activities	30.06.2007	30.06.2006
Profit before tax Increase / Decrease adjustments for:	2.315.835,28	1.356.268,34	1. The Company's tax returns have been audited by the tax authorities up to and including the fiscal year 2004, with the chance of an imposition of further taxation and surcharges throughout
Depreciation	266.254,64	258.141,91	the year that will be reviewed and defined in the tax returns of the unaudited fiscal years. The results of the audit can not be projected at this time and therefore no relevant projection has been made that depicts the effect on the financial statements.
Previsions	0,00	0,00	2. No circumstance in regards to changes in accounting principles and projections exited that would effect the comparability of the data presented.
Investing Activities Results (income, expences, profit & loss)	14.928,07	3.693,36
Interest Expense	222.216,20	167.788,92	3. There were no, during the present fiscal period, any buyouts, consolidations, sell-off, secession, or reorganization of any of the company's parts.
Increase / Decrease adjustments for working capital:			4. There were no changes in the company's fiscal year period, therefore all information presented is comparable.
Decrease/(increase) in inventories	-730.249,24	-455.198,15	5. .The company does not report on a consolidated basis, or are its financial statements consolidated with another company's.
Decrease/(increase) in receivables	-2.747.474,55	2.606.425,57
(Decrease)/increase in current liabilities (excluding borrowings)	2.420.297,35	-3.205.084,80	6. There is no mortgaging over company's fixed assets.
Minus :			7. There do not exist any types of arbitration or pending litigation matters that could have a material adverse effect on AS Company S.A. financial condition.
Interest Received	-222.216,20	-167.788,92
Income taxes paid	-240.558,56	-346.708,03	8. The number of staff employed by the Company as at the end of period is 60 and it was 55at the end of the respective period.
Total cash flows from operating activities (a)	1.299.032,99	217.538,20

Investing Activities 9. As of 31.12.2005 the Company has acquired through the Athens Stock Exchange 94.730 same shares at an average price of € 0,766 total € 72.559,90.

Purchase of tangible and intangible assets	-138.953,18	-95.919,12	10. The amounts of sales and purchases from the beginning of the fiscal period and the balance of receivables and liabilities at the end of the fiscal period,
Proceeds from sales of tangible and intangible assets	0,00	0,00	which have resulted from transactions from related sectors, such as defined by IAS standard 24 are as follows:
Proceeds from sales (puschase) of securities	-7.752,21	0,00	a) Sales of goods and services	0,00
Interest income	4.922,43	9.383,05	b) Purchase of goods and services	0,00
Dividends income	0,00	0,00	c) Trade debtors	0,00
Total cash flows from ivnesting activities (b)	-141.782,96	-86.536,07	d) Liabilities	0,00
Financing activities			e) Transactions & salaries of managerial staff and the board	276.420,99
Proceeds from share capital increase	0,00	0,00	f) Receivables fron managerial staff and the board	0,00
Proceeds from borrowings	277.006,49	232.674,04	g) Liabilities towards managerial staff and te board	32.935,12
Borrowings paid	0,00	0,00
Dividends paid	-1.312.602,00	-201.964,00	Thessaloniki, August 20th 2007
Total cash flows from Financing activities ( c)	-1.035.595,51	30.710,04
Net increase / (Decrease) in cash			CHAIR-MAN OF THE B.O.D.	FINANCE DIRECTOR & MEMBER OF THE B.O.D.	HEAD ACCOUNTANT
and cash equivalents (a) + (b) + ( c)	121.654,52	161.712,17
Cash and cash equivalents opening balance	351.041,97	274.762,42	ANDREADIS K. EUSTRATIOS	PAPASPUROU V. PANAGIOTIS	BAGIOKI Ι. OLYMBIA
Cash and cash equivalents closing balance	472.696,49	436.474,59	ΑΒ 691316	ΑΕ 032224	ΑΕ 671215

In agreance with decision 2/396/31.08.2006 of the Hellenic Comission of Market Capitalization The figures presented below provide information about the financial position of AS COMPANY S.A.

Company's Number in the Register of Societes Anonymes 22949/06/Β/90/107 Headquarters: Municipality of Oraiokastro County of Thessaloniki AS COMPANY S.A. FINANCIAL STATEMENTS INFORMATION January 1st 2007 ended in June 30th 2007

The reader who seeks to draft a completed figure of the company's financial statement and financial results, sould get access

COMPANY'S INFORMATION DATA

to the Company's web site, where the annual financial statements according to International Accounting Standards

and Certified Auditors Accountant Audit Report are posted.