ASSA ABLOY

Capital/Financing Update • Dec 20, 2012

FINAL TERMS

17 December 2012

ASSA ABLOY AB (publ)

Issue of EUR 30,000,000 Floating Rate Notes due January 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 16 November 2012 (the Offering Circular). The Offering Circular constitutes a base prospectus for the purposes of Directive 2003/71/EC as amended (which includes the amendments made by Directive 2010/73/EU to the extent that such amendments have been implemented in a relevant Member State of the European Economic Area) (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. 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. The Offering Circular has been published on the website of the London Stock Exchange through a regulatory information service (www.londonstockexchange.com/exchange/news/market-news/marketnews-home.html).

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:	21
	(ii)	Tranche Number:	1
	(iii)	Date on which the Notes will be consolidated and form a single Series:	Not Applicable
3.		Specified Currency or Currencies:	Euro $(EUR)$
4.	Aggregate Nominal Amount:
	(i)	Series:	EUR 30,000,000
	(ii)	Tranche:	EUR 30,000,000
5.		Issue Price of Tranche:	100 per cent. of the Aggregate Nominal Amount
6.	(i)	Specified Denominations:	EUR 100,000
	(ii)	Calculation Amount:	EUR 100,000
7.	(i)	Issue Date:	21 December 2012

	(ii)	Interest Commencement Date:	Issue Date
8.	Maturity Date:		Interest Payment Date falling on or nearest to 21 January 2015
9.		Interest Basis:	EURIBOR 3 months $+$ 0.30 per cent. Floating Rate, save for the short First Interest Period (defined in item 14(i) below) in respect of which the Reference Rate will be determined by reference to EURIBOR 1 month (see paragraph 14 below)
10.		Redemption Basis:	Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at 100 per cent. of their nominal amount
11.		Change of Interest Basis:	Not Applicable
12.		Put/Call Options:	Not Applicable

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

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13.	Fixed Rate Note Provisions		Not Applicable
14.	Floating Rate Note Provisions		Applicable
	(i)	Specified Period(s)/Specified Interest Payment Dates:	Interest will be paid quarterly in arrears and will including the from and accrue Interest Commencement Date but excluding the Maturity Date.
			21 January, 21 April, 21 July and 21 October of each year from and including 21 January 2013 up to and including the Maturity Date, subject to adjustment in accordance with the Business Day Convention specified below.
			There will be a short first Interest Period from (and including) the Interest Commencement Date to (but excluding) 21 January 2013 (the First Interest Period).
	(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 Principal Paying Agent):	Not Applicable
	(vi)	Screen Rate Determination:
		Reference Rate, Specified Time and Relevant Financial Centre:	Reference Rate: EURIBOR 3 months, save for the short First Interest Period (defined in item 14(i) above) in respect of which the Reference

		be determined by reference will Rate to EURIBOR 1 month
		Specified Time: 11.00 a.m.
		Relevant Financial Centre: Brussels
	Interest Determination - Date(s):	Two TARGET2 business days prior to the start of each Interest Period
	Relevant Screen Page:	Reuters EURIBOR01, or any successor page
(vii)	ISDA Determination:	Not Applicable
	Floating Rate Option: - Designated Maturity: - Reset Date: $\overline{ }$
(viii)	$Margin(s)$ :	$+0.30$ 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
Zero Coupon Note Provisions		Not Applicable

PROVISIONS RELATING TO REDEMPTION

15.

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16.	Issuer Call:	Not Applicable
17.	Investor Put:	Not Applicable
18.	Final Redemption Amount:	EUR 100,000 per Calculation Amount
19.	Early Redemption Amount payable on redemption for taxation reasons or on event of default:	EUR 100,000 per Calculation Amount

GENERAL PROVISIONS APPLICABLE TO THE NOTES

1. 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: Yes 21. Additional Financial Centre(s): Not Applicable 22. Talons for future Coupons to be attached No to Definitive Bearer Notes:

Signed on behalf of ASSA ABLOY AB (publ):

By: d Duly authorised Jov

By: Duly authorised $d$

PART B- OTHER INFORMATION

1. LISTING AND ADMISSION TO TRADING

• $(i)$ Listing and admission to trading: London
• $(ii)$ Estimate of total expenses related GBP 1,850 to admission to trading:

$2.$ RATINGS

Ratings:

The following rating reflects ratings assigned to Notes of this type issued under the Programme generally:

$S & P$ : $A -$

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

Save for any fees payable to the Dealer, so far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the offer. The Dealer and their affiliates have engaged, and may in the future engage, in investment banking and/or commercial banking transactions with, and may perform other services for, the Issuer and its affiliates in the ordinary course of business.

4.		YIELD ( Fixed Rate Notes only ) Indication of yield:	Not Applicable
5.	OPERATIONAL INFORMATION
	(i)	ISIN Code:	XS0866981615
	(ii)	Common Code:	086698161
	(iii)	Any clearing system(s) other than DTC, Euroclear and Clearstream, Luxembourg and the relevant identification number (s):	Not Applicable
	(iv)	Names and addresses of initial Paying Agent(s) (if any):	Citibank, N.A., London Branch Citigroup Centre Canada Square Canary Wharf London E14 5LB United Kingdom
	(v)	Names and addresses of (i f) additional Paying Agent(s) any):	Not Applicable
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6. DISTRIBUTION

U.S. Selling Restrictions:

Reg. S Compliance Category 2; TEFRA D