ASSA ABLOY — Capital/Financing Update 2012

Feb 13, 2012

ASSA ABLOY AB (publ)

Issue of EUR30,000,000 Fixed Rate Notes due 15 February 2027 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 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 is 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)
2.	(i)	Series Number:	13
	(ii)	Tranche Number:	1
3.		Specified Currency or Currencies:	Euro ("EUR")
4.		Aggregate Nominal Amount:
	(i)	Series:	EUR30,000,000
	(ii)	Tranche:	EUR30,000,000
5.		Issue Price of Tranche:	100.00 per cent. of the Aggregate Nominal Amount
6.	(i)	Specified Denominations:	EUR100,000

	(ii)	Calculation Amount:	EUR100,000
7.	(i)	Issue Date:	15 February 2012
	(ii)	Interest Commencement Date:	Issue Date
8.		Maturity Date:	15 February 2027
9.		Interest Basis:	4.00 per cent. Fixed 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		Applicable
	(i) Rate(s) of Interest:		4.00 per cent. per annum payable annually in arrear
(ii) Interest Payment Date(s):			15 February in each year up to and including the Maturity Date
	(iii)	Fixed Coupon Amount(s):	EUR4,000 per Calculation Amount
	(iv)	Broken Amount(s):	Not Applicable
	Day Count Fraction: (v) (vi) Determination Date(s):	Actual/ Actual (ICMA)
		15 February in each year up to and including the Maturity Date
	(vii)	Other terms relating to the method of calculating interest for Fixed Rate Notes:	None
15.	Floating Rate Note Provisions		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:	EUR100,000 per Calculation Amount
22.	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 $8(e)$ :	Condition 8 (e) applies

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 Dates:		TARGET
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.	Dealer:	If non-syndicated, name of relevant	Citigroup Global Markets Limited
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 $\epsilon$ 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):

$\overline{a}$ By: $-$ Jona's Gardmary Duly authorised

Signed on behalf of ASSA ABLOY AB (publ):

By: Jacob Wahlberg Duly authorised

PART B-OTHER INFORMATION

LISTING AND ADMISSION TO TRADING $\overline{1}$ .

to 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 the Issue Date
(ii)	Estimate of total expenses related .	GBP 1,850

$2.$ RATINGS Ratings:

5.

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.

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

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.

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

[(i)]	Reasons for the offer	Not Applicable
[(ii)]	Estimated net proceeds:	EUR 29,933,400
[(iii)]	Estimated total expenses:	Not Applicable
YIELD (Fixed Rate Notes only) Indication of yield:		4.02 per cent. per annum
		The yield is calculated at

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

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

Not Applicable

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

Not Applicable

8. OPERATIONAL INFORMATION

(i)	ISIN Code:	XS0744935130
(ii)	Common Code:	074493513
(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