ASSA ABLOY — Capital/Financing Update 2018

Mar 19, 2018

ASSA ABLOY AB (publ)

Issue of EUR 15,000,000 Floating Rate Notes due March 2023 under the $E2,000,000,000$ 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 1 November 2017 (the Offering Circular together with the supplement to it dated 6 February 2018, the Offering Circular). The Offering Circular constitutes a base prospectus for the purposes of 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 $\sigma$ f the London Stock Exchange through regulatory $\rm{a}$ information service (www.londonstockexchange.com/exchange/news/market-news/market-news-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.	Issuer:		ASSA ABLOY AB (publ)
2.	Series Number:		59
	(i)	Tranche Number:	1
	(ii)	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 15,000,000
	(ii)	Tranche:	EUR 15,000,000
5.		Issue Price of Tranche:	101.015696 per cent. of the Aggregate Nominal Amount
6.	(i)	Specified Denominations:	EUR 200,000
	(ii)	Calculation Amount:	EUR 200,000
7.	(i)	Issue Date:	13 March 2018
	(ii)	Interest Commencement Date:	Issue Date

8.	Maturity Date:	Interest Payment Date falling in or nearest to March 2023
9.	Interest Basis:	3-month EURIBOR $+0.50$ per cent. Floating Rate (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 100.00 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

13. Fixed Rate Note Provisions Not Applicable 14. Floating Rate Note Provisions Applicable $(i)$ Specified Period(s)/Specified 13 March, 13 June, 13 September and 13 Interest Payment Dates: December in each year from and including 13 June 2018 up to and including 13 March 2023, subject to adjustment in accordance with the Business Day Convention set out in (ii) below $(ii)$ Business Day Convention: Modified Following Business Day Convention $(iii)$ Additional Business Centre(s): TARGET2 $(iv)$ Manner in which the Rate of Screen Rate Determination Interest and Interest Amount is to be determined: Party responsible for calculating $(v)$ Not Applicable the Rate of Interest and Interest Amount (if not the Principal Paying Agent): $(vi)$ Screen Rate Determination: Reference Rate: 3-month EURIBOR Reference Rate, Specified Time and Relevant Specified Time: 11:00 am Central European Financial Centre: Time Relevant Financial Centre: Brussels Interest Determination The second day on which the TARGET2 System $Date(s)$ : is open prior to the start of each Interest Period Relevant Screen Page: The Reuters Screen EURIBOR01 Page, or any successor page $(vii)$ ISDA Determination: Not Applicable (viii) Linear Interpolation: Not Applicable $(ix)$ $Margin(s)$ : $+0.50$ per cent. per annum Minimum Rate of Interest: Not Applicable $(x)$

$(x_i)$	Maximum Rate of Interest:	Not Applicable
(xii)	Day Count Fraction:	Actual/360
Zero Coupon Note Provisions		Not Applicable

PROVISIONS RELATING TO REDEMPTION

$15.$

16. Issuer Call:	Not Applicable
17. Make-whole Redemption by the Issuer:	Not Applicable
18. Investor Put:	Not Applicable
19. Final Redemption Amount:	EUR 200,000 per Calculation Amount
20. Early Redemption Amount payable on redemption for taxation reasons or on event of default:	EUR 200,000 per Calculation Amount

GENERAL PROVISIONS APPLICABLE TO THE NOTES

21. 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
			Notes shall not be physically delivered in Belgium, except to a clearing system, a depository or other institution for the purpose of their immobilisation in accordance with article 4 of the Belgian Law of 14 December 2005.
	(ii)	New Global Note:	Yes
22.		Additional Financial Centre(s):	London in addition to TARGET2
			The words "unless such Payment Day falls in the next calendar month in which case payment shall be made on the first preceding Payment Day" shall be inserted after "in the relevant place" in the third line of Condition $7(g)$ .

1. Talons for future Coupons to be attached to Definitive Bearer Notes:

No

Signed on behalf of ASSA ABLOY AB (publ):

By: Duly authorised Janas Gord

By: Duly authorised

PART B- OTHER INFORMATION

$1.$ LISTING AND ADMISSION TO TRADING

$(i)$ Listing and admission to trading: London

$(ii)$ Estimate of total expenses related $\pm 300$ to admission to trading:

$2.$ RATINGS

Ratings:

The Notes to be issued are not to be rated.

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. 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	Indication of yield:	Not Applicable
5.	OPERATIONAL INFORMATION
	(i)	ISIN:	XS1791182899
	(ii)	Common Code:	179118289
	(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	Citibank, N.A., London Branch
		Paying Agent(s) (if any):	Citigroup Centre Canada Square Canary Wharf London E14 5LB United Kingdom
	(v)	Names addresses and οf additional Paying Agent(s) (i f) any):	Not Applicable
6.	DISTRIBUTION
	(i)	U.S. Selling Restrictions:	Reg. S Compliance Category 2; TEFRA D
	(ii)	Prohibition of Sales to EEA	Not Applicable

Retail Investors: