ASSA ABLOY — Capital/Financing Update 2012

Feb 13, 2012

FINAL TERMS

13 February 2012

ASSA ABLOY AB (publ)

Issue of SEK 250,000,000 3.55 % Notes due 15 August 2016
under the €1,500,000,000
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, together, constitute 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: 14
   (ii) Tranche Number: 1

3. Specified Currency or Currencies: Swedish Kronor (“SEK”)

4. Aggregate Nominal Amount:
   (i) Series: SEK 250,000,000
   (ii) Tranche: SEK 250,000,000

5. Issue Price of Tranche: 99.77 per cent. of the Aggregate Nominal Amount

6. (i) Specified Denominations: SEK 1,000,000
   (in the case of Registered Notes, this means the minimum integral amount

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in which transfers can be made)

(ii) Calculation Amount: SEK 1,000,000
(Applicable to Notes in definitive form)

1. (i) Issue Date: 15 February 2012
   (ii) Interest Commencement Date: Issue Date

2. Maturity Date: 15 August 2016

3. Interest Basis: 3.55 per cent. Fixed Rate
   (further particulars specified below)

4. Redemption/Payment Basis: Redemption at par

5. Change of Interest Basis or Redemption/Payment Basis: Not Applicable

6. Put/Call Options: Not Applicable

7. Method of distribution: Non-syndicated

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

1. Fixed Rate Note Provisions
   Applicable

(i) Rate(s) of Interest: 3.55 per cent. per annum payable annually in arrears.

(ii) Interest Payment Date(s): 15 August in each year from 15 August 2012 (the First Interest Payment Date) up to and including the Maturity Date. There will be a first short Fixed Interest Period from (and including) the Interest Commencement Date to (but excluding) the First Interest Payment Date.

(iii) Fixed Coupon Amount(s):
(Applicable to Notes in definitive form)
SEK 35,500 per Calculation Amount, except in respect of the Broken Amount for the first short Fixed Interest Period.

(iv) Broken Amount(s):
(Applicable to Notes in definitive form)
SEK 17,750 per Calculation Amount, payable on the First Interest Payment Date with respect to the first short Fixed Interest Period.

(v) Day Count Fraction: 30/360

(vi) Determination Date(s): Not Applicable

(vii) Other terms relating to the method of calculating interest for Fixed Rate Notes: None

1. Floating Rate Note Provisions
   Not Applicable

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1. Zero Coupon Note Provisions Not Applicable
2. Index Linked Interest Note Provisions Not Applicable
3. Dual Currency Interest Note Provisions Not Applicable

PROVISIONS RELATING TO REDEMPTION

1. Issuer Call: Not Applicable
2. Investor Put: Not Applicable
3. Final Redemption Amount of each Note: SEK 1,000,000 per Calculation Amount
4. Early Redemption Amount payable on 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)): As set out in the Conditions

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: No

2. Additional Financial Centre(s) or other special provisions relating to Payment Dates: Stockholm

3. Talons for future Coupons or Receipts to be attached to Definitive Bearer Notes (and dates on which such Talons mature): No

4. 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

5. Details relating to Instalment Notes:
   (i) Instalment Amount(s): Not Applicable
   (ii) Instalment Date(s): Not Applicable

6. Redenomination applicable: Redenomination not applicable

7. Other final terms or special conditions: Not Applicable

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DISTRIBUTION

1. (i) If syndicated, names of Managers: Not Applicable
   (ii) Date of Subscription Agreement: Not Applicable
   (iii) Stabilising Manager (if any): Not Applicable

2. If non-syndicated, name of relevant Dealer: Danske Bank A/S

3. U.S. Selling Restrictions: Reg. S Compliance Category 2: TEFRA D
4. 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):
By:
Duly authorised
Sanas Gårdmark

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PART B – OTHER INFORMATION

1. LISTING AND ADMISSION TO TRADING

(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 15 February 2012.

(ii) Estimate of total expenses related to admission to trading:
GBP 400

1. RATINGS

Ratings:
The Notes to be issued are expected to be rated A- by Standard & Poor’s Credit Market Services Europe Limited.

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 Markets Authority on its website in accordance with such Regulation.

1. 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.

1. REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

Not Applicable

1. YIELD (Fixed Rate Notes only)

Indication of yield:
3.61 per cent. per annum

The yield is calculated at the Issue Date on the basis of the Issue Price. It is not an indication of future yield.

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

Not Applicable

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

Not Applicable

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8. OPERATIONAL INFORMATION

(i) ISIN Code: XS0745324201
(ii) Common Code: 074532420
(iii) Any clearing system(s) other than DTC, Euroclear and Clearstream, Luxembourg and the relevant identification number(s): Not Applicable
(iv) Delivery: Delivery against payment
(v) Names and addresses of additional Paying Agent(s) (if any): Not Applicable
(vi) Intended to be held in a manner which would allow Eurosystem eligibility: No