ASSA ABLOY

Capital/Financing Update • Feb 14, 2018

5 North Colonnade Canary Wharf London E14 4BB United Kingdom

Tel +44 (0) 20 7623 2323 barclays.com

13 February 2018

• To: ASSA ABLOY AB (publ) Klarabergsviadukten 90 107 23 Stockholm
• Citibank, N.A., London Branch $c.c.$ Citigroup Centre Canada Square Canary Wharf London E14 5LB

ASSA ABLOY AB (publ) EUR 50,000,000 1.25 per cent. Fixed Rate Notes due February 2027 issued pursuant to the $\epsilon$ 2,000,000,000 Global Medium Term Note Programme

We hereby confirm the agreement for the issue to us of EUR 50,000,000 1.25 per cent. Fixed Rate Notes due February 2027 (the Notes) under the above Programme pursuant to the terms of issue set out in the Final Terms which we are attaching herewith.

The selling commission in respect of the Notes will be 0.10 per cent. of the nominal amount of the Notes and will be deductible from the net proceeds of the issue.

The Notes are to be credited to Euroclear/Clearstream, Luxembourg account number 34797 in the name of Barclays Bank PLC.

Please confirm your agreement to the terms of issue by signing and returning to us a copy of the attached Final Terms. Please also send a copy of the Final Terms to the Principal Paying Agent and, in the case of an issue of Notes in registered form, the Registrar.

For and on behalf of Barclays Bank PLC

By:

Salv -

Authorised signatory

• $D.5.$ $BAD1N1$
• MANAGING DIRECTOR