FINAL TERMS

20 February 2012

ASSA ABLOY AB (publ)

Issue of SEK 250,000,000 Floating Rate Notes due August 2015 under the $61,500,000,000$ Global Medium Term Note Programme

PART A - CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the purposes of the conditions set forth in the Offering Circular dated 15 November 2011 and the supplement to the Offering Circular dated 10 February 2012 which constitutes a base prospectus for the purposes of Directive 2003/71/EC (the Prospectus Directive). This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with the Offering Circular as so supplemented. Full information on the Issuer and the Guarantor (in the case of Guaranteed Notes) and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Offering Circular as so supplemented. The Offering Circular and the supplement to the Offering Circular dated 10 February 2012 are available for viewing at, and copies may be obtained from, the registered office of the Issuer and the specified office of the Paying Agents in London. In addition, copies of the Offering Circular and the supplement to the Offering Circular dated 10 February 2012 will be available at the website of the Regulatory News Service operated by the London Stock Exchange.

The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act) or any U.S. state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act) unless an exemption from the registration requirements of the Securities Act is available and in accordance with all applicable securities laws of any state of the United States and any other jurisdiction.

1.	(i)	Issuer:	ASSA ABLOY AB (publ)
	(ii)	Guarantor:	Not Applicable
2.	(i)	Series Number:	15
	(ii)	Tranche Number:	$\mathbf{1}$
3.	Specified Currency or Currencies:		Swedish Krona ("SEK")
4.	Aggregate Nominal Amount:
	(i)	Series:	SEK 250,000,000
	(ii)	Tranche:	SEK 250,000,000
5.	Issue Price of Tranche:		100.00 per cent. of the Aggregate Nominal Amount
6.	(i)	Specified Denominations:	SEK 1,000,000

	(ii)	Calculation Amount:	SEK 1,000,000
7.	(i)	Issue Date:	24 February 2012
	(ii)	Interest Commencement Date:	Issue Date
8.		Maturity Date:	Interest Payment Date falling in or nearest to August 2015
9.	Interest Basis:		3 month STIBOR +1,25 per cent. Floating Rate (further particulars specified below)
10.	Redemption/Payment Basis:		Redemption at par
11.	Change of Interest Basis or Redemption/ Payment Basis:		Not Applicable
12.	Put/Call Options:		Not Applicable
13.	Method of distribution:		Non-syndicated
		PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.	Fixed Rate Note Provisions		Not Applicable
15.		Floating Rate Note Provisions	Applicable
	(i)	Specified Period(s)/Specified Interest Payment Dates:	Quarterly on 24 May, 24 August, 24 November and 24 February, each year up to and including the Maturity Date, subject to adjustment in accordance with the Business Day Convention
	(ii)	Business Day Convention:	Modified Following Business Day Convention
	(iii)	Additional Business Centre(s):	Not Applicable
	(iv)	Manner in which the Rate of Interest and Interest Amount is to be determined:	Screen Rate Determination
	(v)	Party responsible for calculating the Rate of Interest and Interest Amount (if not the Agent):	Not Applicable
	(vi)	Screen Rate Determination:	Applicable
		Reference Rate:	3 Month STIBOR
		Interest Determination $Date(s)$ :	Second Swedish Business Day prior to the start of each Interest Period.

		Relevant Screen Page:	Reuter page "SIDE" or any successor page as of 11.00 a.m. Stockholm time
	(vii)	ISDA Determination:	Not Applicable
	(viii)	$Margin(s)$ :	$+1.25$ per cent. per annum
	(ix)	Minimum Rate of Interest:	Not Applicable
	(x)	Maximum Rate of Interest:	Not Applicable
	$(x_i)$	Day Count Fraction:	Actual/360
	(xii)	Fall back provisions, rounding provisions and any other terms relating to the method of calculating interest on Floating Rate Notes, if different from those set out in the Conditions:	Not Applicable
16.	Zero Coupon Note Provisions		Not Applicable
17.	Index Linked Interest Note Provisions		Not Applicable
18.	Dual Currency Interest Note Provisions		Not Applicable
PROVISIONS RELATING TO REDEMPTION
19.	Issuer Call:		Not Applicable
20.	Investor Put:		Not Applicable
21.		Final Redemption Amount of each Note:	SEK 1,000,000 per Calculation Amount

Condition 8(e) applies

Early Redemption Amount payable on $22.$ redemption for taxation reasons or on event of default and/or the method of calculating the same (if required or if different from that set out in Condition $8(e)$ :

GENERAL PROVISIONS APPLICABLE TO THE NOTES

23.		Form of Notes:	Bearer Notes:
	(i)	Form:	Temporary Bearer Global Note exchangeable for a Permanent Bearer Global Note which is exchangeable for Definitive Notes only upon an Exchange Event
	(ii)	New Global Note:	No
24.	Additional Financial Centre(s) or other special provisions relating to Payment		Stockholm

Dates:

25.		Talons for future Coupons or Receipts to be attached to Definitive Bearer Notes (and dates on which such Talons mature):	No.
26.	Details relating to Partly Paid Notes: amount of each payment comprising the Issue Price and date on which each payment is to be made and consequences of failure to pay, including any right the Issuer to forfeit the Notes and interest due on late payment:		Not Applicable
27.		Details relating to Instalment Notes:
	(i)	Instalment Amount(s):	Not Applicable
	(ii)	Instalment Date(s):	Not Applicable
28.		Redenomination applicable:	Redenomination not applicable
29.	Other final terms or special conditions:		Not Applicable
	DISTRIBUTION
30.	(i)	If syndicated, names of Managers:	Not Applicable
	(ii)	Date of [Subscription] Agreement:	Not Applicable
	(iii)	Stabilising Manager (if any):	Not Applicable
31.	If non-syndicated, name of relevant Dealer:		Svenska Handelsbanken AB (publ)
32.	U.S. Selling Restrictions:		Reg. S Compliance Category 2: TEFRAD
33.	Additional selling restrictions:		Not Applicable

PURPOSE OF FINAL TERMS

These Final Terms comprise the final terms required for issue and admission to trading on the London Stock Exchange's Regulated Market and, if relevant, listing on the Official List of the UK Listing Authority of the Notes described herein pursuant to the €1,500,000,000 Global Medium Term Note Programme of ASSA ABLOY AB (publ).

RESPONSIBILITY

The Issuer accepts responsibility for the information contained in these Final Terms.

Signed on behalf of ASSA ABLOY AB (publ) ou By: Duly authorised Jenas Gärdmark $By:$

Jacob Wahlberg Duly authorised

PART B-OTHER INFORMATION

LISTING AND ADMISSION TO TRADING $1.$

$2.$

(i)	Listing:	Application has been made by the Issuer or on its behalf for the Notes to be admitted to trading on the London Stock Exchange's Regulated Market and, if relevant, listing on the Official List of the UK Listing Authority with effect from or about the Issue Date
(ii)	Estimate of total expenses related to admission to trading:	GBP 400
RATINGS Ratings:		The Notes to be issued are expected to be rated by: Standard & Poor's Credit Market Services Europe Limited: $A-$
		Standard & Poor's Credit Market Services Europe Limited is established in the European Union and is registered under Regulation (EC) No. 1060/2009 (as amended). As such Standard & Poor's Credit Market Services Europe Limited is included in the list of credit rating agencies published by the European Securities and

INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE $3.$

Save for any fees payable to the Dealers, so far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the offer.

with such Regulation.

Markets Authority on its website in accordance

REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL $\overline{4}$ . EXPENSES

(i)	Reasons for the offer	Not Applicable

Estimated net proceeds: SEK 250,000,000 $[(ii)]$
[(iii)] Estimated total expenses: Not Applicable
YIELD (Fixed Rate Notes only) 5. Not Applicable Indication of yield:

PERFORMANCE OF INDEX/FORMULA AND OTHER INFORMATION 6. CONCERNING THE UNDERLYING (Index Linked Notes only)

Not Applicable

PERFORMANCE OF RATE[S] OF EXCHANGE (Dual Currency Notes only) $7.$