Tender Offer

    ASSA ABLOY announces the pricing of it's tender offer for up to
¤300,000,000 of it's ¤600,000,000 5.125% notes due
December 2006

This Announcement should be read in conjunction with the Tender Offer
Memorandum dated 23 November 2004 (the "Tender Offer Memorandum"),
which has been prepared by ASSA ABLOY AB (publ) ("ASSA ABLOY" or "the
Company") in relation to the Tender Offer.

On 23 November 2004, ASSA ABLOY announced the launch of an offer (the
"Tender Offer") to repurchase for cash up to ¤300,000,000 of
its ¤600,000,000 5.125% Notes due 4 December 2006 (the
"Notes").  The offer period for the Tender Offer expired at 17:00
hours CET on Friday, 10 December 2004

Pricing
Repurchase Spread: as announced by the Company on 1 December 2004,
the Repurchase Spread is 0 bps, i.e. the Repurchase Yield will be the
Interpolated Mid-Swap Rate.

Interpolated Mid-Swap Rate: the 1 Year Mid-Swap Rate is 2.292; the 2
Year Mid-Swap Rate is 2.460; and the Interpolated Mid-Swap Rate is
2.454, calculated in accordance with Schedule A of the Tender Offer
Memorandum.

Therefore, the Purchase Price for each Note accepted for sale by the
Company is 105.067.

The success of the Tender Offer has enabled the Company to reduce
repayments in 2006, lengthen the Company's debt maturity profile and
reflect the ASSA ABLOY group's funding needs in other currencies
whilst taking advantage of current favourable market conditions.

Requests for information about the Tender Offer should be directed to
the Dealer Managers:

ABN AMRO                         Citigroup
Attn: Liability Management Group Attn: Liability Management Group
Tel:   [phone]          Tel:   [phone]
Email:                           Email:
[e-mail] [e-mail]



Contact persons at ASSA ABLOY:

Martin Hamner                            Eddie Fransson
Director of Investor Relations and Group Corporate Treasurer
Controller                               Tel: [phone]
Tel: [phone]



                          www.assaabloy.com


The ASSA ABLOY Group is the world's leading manufacturer and supplier
                        of locking solutions,
   dedicated to satisfying end-user needs for security, safety and
                  convenience. The Group has about
      30,000 employees and annual sales of about EUR 3 billion.



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