ASSA ABLOY

Quarterly Report • Sep 24, 2015

Company's web site : www.ascompany.gr Approval date from the B.O.D.

of quarterly periodic financial statements : 31 Ιουλίου 2008

1.2 PROFIT AND LOSS STATEMENT Amounts expressed in €

Profit/(loss) before tax 850.482,91 685.482,29 970.965,53 685.482,29 Profit/(loss) after tax 568.291,94 511.231,15 651.995,49 511.231,15 Company's shareholders 593.352,49 511.231,15 651.995,49 511.231,15 30.06.2008 30.06.2007 30.06.2008 30.06.2007 Minority Shareholders' -25.060,55 0,00 0,00 0,00 Profit after tax per share in (€) 0,0272 0,0234 0,0298 0,0234 Dividends -1.750.136,00 -1.312.602,00 -1.750.136,00 -1.312.602,00 investing results and depreciation 1.069.324,60 914.915,22 1.181.768,23 914.915,22

		GROUP	COMPANY
Opening balance (01.01.2008& 01.01.2007 respectively)	16.424.427,79	14.876.955,79	16.424.427,79	14.876.955,79
Year's Profit / (loss) after taxes	2.149.271,03	1.804.200,91	2.232.974,58	1.804.200,91	Profit/(loss) before tax, interest,
Net income towards equity	0,00	0,00	0,00	0,00
Minority Stake in Subsidiary	150.000,00	0,00	0,00	0,00
Bought / (Sold) own shares	0,00	0,00	0,00	0,00	Notes:
Year end equity (31.03.2008 & 31.03.2007 respectively)	16.973.562,82	15.368.554,70	16.907.266,37	15.368.554,70	1.

		GROUP		COMPANY		GROUP		COMPANY
ASSETS	30.06.2008	31.12.2007	30.06.2008	31.12.2007		1.1 -	1.1 -	1.1 -	1.1 -
						30.06.2008	30.06.2007	30.06.2008	30.06.2007
Tangible fixed assets	8.444.816,75	8.358.170,01	8.176.130,43	8.358.170,01
Intangible fixed assets	124.522,27	83.311,32	94.469,53	83.311,32	Sales Turnover	12.095.433,28	11.154.312,71	12.016.734,91	11.154.312,71
Other non current assets	204.872,67	168.143,77	518.093,60	168.143,77	Gross profit	7.153.518,60	6.015.935,69	7.105.526,01	6.015.935,69
Inventories	5.279.956,18	4.427.237,37	5.126.350,50	4.427.237,37	Profit/(loss) before tax, interest,
Trade debtors	16.512.963,33	14.827.625,01	16.477.013,58	14.827.625,01	and investing results	3039821,71	2.521.990,38	3.160.721,16	2.521.990,38
Other current assets	2.316.879,15	1.606.995,23	2.030.639,11	1.606.995,23
					Profit/(loss) before tax	2.857.498,59	2.315.835,28	2.977.981,20	2.315.835,28
TOTAL ASSETS	32.884.010,35	29.471.482,71	32.422.696,75	29.471.482,71
					Profit/(loss) after tax	2.149.271,03	1.804.200,91	2.232.974,58	1.804.200,91
SHAREHOLDERS' EQUITY AND LIABILITIES					Distribution:
					Company's shareholders	2.174.331,58	1.804.200,91	2.232.974,58	1.804.200,91
Paid up share capital	8.313.146,00	8.313.146,00	8.313.146,00	8.313.146,00	Minority Shareholders'	-25.060,55	0,00	0,00	0,00
Other shareholders' equity	8.535.477,37	8.111.281,79	8.594.120,37	8.111.281,79	Profit after tax per share in (€)	0,0998	0,0828	0,1025	0,0828
Total shareholders' equity (a)	16.848.623,37	16.424.427,79	16.907.266,37	16.424.427,79
					Profit/(loss) before tax, interest,
Minority rights (b)	124.939,45	0,00	0,00	0,00	investing results and depreciation	3.303.039,83	2.788.245,02	3.415.483,47	2.788.245,02
Total equity (c) = (a) + (b)	16.973.562,82	16.424.427,79	16.907.266,37	16.424.427,79
					1.2a PROFIT AND LOSS STATEMENT
					Amounts expressed in €
Long term liabilities	4.166.000,00	3.332.800,00	4.166.000,00	3.332.800,00
Provisions/ Other long term liabilities	1.435.420,80	690.464,35	1.435.420,80	690.464,35		GROUP		COMPANY
Short term liabilities	426.042,26	1.630.610,57	426.042,26	1.630.610,57		1.4 -	1.4 -	1.4 -	1.4 -
Other short term liabilities	9.882.984,47	7.393.180,00	9.487.967,32	7.393.180,00		30.06.2008	30.06.2007	30.06.2008	30.06.2007
Total liabilities (d)	15.910.447,53	13.047.054,92	15.515.430,38	13.047.054,92
					Sales Turnover	4.910.230,22	4.243.815,76	4.831.531,85	4.243.815,76
TOTAL SHAREHOLDERS EQUITY & LIABILITIES (e)=(a)+(d)32.884.010,35		29.471.482,71	32.422.696,75	29.471.482,71	Gross profit	3.078.494,63	2.138.198,57	3.030.502,04	2.138.198,57
					Profit/(loss) before tax, interest,
					and investing results	934.637,87	784.238,07	1.055.537,32	784.238,07

1.1 BALANCE SHEET Amounts expressed in €
Tangible fixed assets	8.444.816,75	8.358.170,01	8.176.130,43	8.358.170,01
Inventories	5.279.956,18	4.427.237,37	5.126.350,50	4.427.237,37	Profit/(loss) before tax, interest,
Other current assets	2.316.879,15	1.606.995,23	2.030.639,11	1.606.995,23
TOTAL ASSETS	32.884.010,35	29.471.482,71	32.422.696,75	29.471.482,71
SHAREHOLDERS' EQUITY AND LIABILITIES					Distribution:
Total shareholders' equity (a)	16.848.623,37	16.424.427,79	16.907.266,37	16.424.427,79
					Profit/(loss) before tax, interest,
Total equity (c) = (a) + (b)	16.973.562,82	16.424.427,79	16.907.266,37	16.424.427,79
Long term liabilities	4.166.000,00	3.332.800,00	4.166.000,00	3.332.800,00
Provisions/ Other long term liabilities	1.435.420,80	690.464,35	1.435.420,80	690.464,35
Total liabilities (d)	15.910.447,53	13.047.054,92	15.515.430,38	13.047.054,92
					Profit/(loss) before tax, interest,
1.3 STATEMENT OF CHANGES IN EQUITY Amounts expressed in €					Distribution:
		GROUP		COMPANY

Previsions 0,00 0,00 0,00 0,00 8. The purchases in tangible and intangible fixed assets for the 1st half 2008 were 412.711,22 €. On a consolidated basis and 86.759,05€ for the mother compa 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. As of 30/06/2008 there were provisions made on inventory of € 616.163,94 , receivables provision of € 368.595,89, and retirement

1.4 CASH FLOW STATEMENT					2. All standard accounting pronciples have remained in force as in the 31.12.2007 Financial Statements.
Amounts expressed in €	GROUP			COMPANY	3. No circumstance in regards to changes in accounting principles and projections exited that would effect the comparability of the data presented.
	1.1 -	1.1 -	1.1 -	1.1 -	There were no, during the present fiscal period, any buyouts, consolidations, sell-off, secession, or reorganization of any of the company's parts. 4.
	30.06.2008	30.06.2007	30.06.2008	30.06.2007	There was only the incorporation of the subsidiary company Cosmokid S.A. of which AS Company S.A. has 70% stake.
Operating activities					5. There were no changes in the company's fiscal year period, therefore all information presented is comparable.
Profit before tax	2.857.498,59	2.315.835,28	2.977.981,20	2.315.835,28	During the 2nd quarter the company for the first time issued consolidated financial statements in which the results of its subsidiary Cosmokid S.A., 6.
Increase / Decrease adjustments for:					with its corresponding stake of 70%, and date of incorporation 04/04/2008. The mother company's financial results are not incorporated in any other company's consolidated financial statements.
Depreciation	263.218,12	266.254,64	254.762,31	266.254,64	7. There is no mortgaging over company's fixed assets.
Previsions	0,00	0,00	0,00	0,00	8. The purchases in tangible and intangible fixed assets for the 1st half 2008 were 412.711,22	€. On a consolidated basis and 86.759,05€ for the mother compa
Investing Activities Results (income, expences, profit & loss)	-6.596,16	14.928,07	-5.633,51	14.928,07	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 9.
Interest Expense	188.565,19	222.216,20	188.373,47	222.216,20	condition. As of 30/06/2008 there were provisions made on inventory of provision of € 164.748,90. There were no other provisions made.	€ 616.163,94 , receivables provision of € 368.595,89, and retirement
Increase / Decrease adjustments for working capital:					10. The profits per share were based on the average trading shares less the own owned shares aquired by the Company.
Decrease/(increase) in inventories	-852.718,81	-730.249,24	-699.113,13		-730.249,24 11. The number of staff employed by the Company as at the end of period is 60 and it was 56 at the end of the respective period.
Decrease/(increase) in receivables	-1.604.093,32	-2.747.474,55	-1.445.357,31	-2.747.474,55	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
(Decrease)/increase in current liabilities (excluding borrowings 2.802.382,70		2.461.471,99	2.407.365,55	2.461.471,99 12.	€72.559,90. On 03/07/2008 it was decided by the BOD that these shares would be distributed to its employees based on specific criteria.
Minus :					13. 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
Interest Received	-188.565,19	-222.216,20	-188.373,47	-222.216,20	period, which have resulted from transactions from related sectors, such as defined by IAS standard 24 are as follows:
Income taxes paid	-278.602,86	-240.558,56	-278.602,86	-240.558,56
Total cash flows from operating activities (a)	3.181.088,26	1.340.207,63	3.211.402,25	1.340.207,63
Investing Activities
Subsidiary	0,00	0,00	-350.000,00	0,00
Purchase of tangible and intangible assets	-412.711,22	-138.953,18	-86.759,04	-138.953,18
Proceeds from sales of tangible and intangible assets	21.989,51	0,00	2.878,10	0,00	a) Sales of goods and services 0	11.677,65
Proceeds from sales (puschase) of securities	0,00	-7.752,21	0,00	-7.752,21	b) Purchase of goods and services 0	0,00
Interest income	12.995,98	4.922,43	12.387,43	4.922,43	c) Trade debtors 0	1.191,40
Dividends income	0,00	0,00	0,00	0,00	d) Liabilities 0	478,54

a) Sales of goods and services	$\Omega$	11.677.65
b) Purchase of goods and services	$\Omega$	0.00
c) Trade debtors	$\Omega$	1.191.40
d) Liabilities	$\Omega$	478.54

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 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. Our subsidiary Cosmokid S.A. was incorporated in 2008 and has not filed any income tax return.

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

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 FINANCIAL STATEMENTS INFORMATION January 1st 2008 ended in June 30 th 2008

and Certified Auditors Accountant Audit Report are posted. The reader who seeks to draft a completed figure of the company's financial statement and financial results, sould get access

In agreance with decision 6/448/11.10.2007 of the Hellenic Comission of Market Capitalization

The figures presented below provide information about the financial position of AS COMPANY S.A.