Annual General Meeting in ASSA ABLOY AB (publ) STOCKHOLM, Sweden, April 27 /PRNewswire-FirstCall/ -- At today's Annual General Meeting of shareholders in ASSA ABLOY AB, the following members of the board were re-elected: Bo Dankis, Gustaf Douglas, Georg Ehrnrooth, Per-Olof Eriksson, Lotta Lunden, Sven-Christer Nilsson, Melker Schorling and Carl-Henric Svanberg. Carl Douglas was elected new member of the board. At the Constitutional Meeting following the General Meeting, Georg Ehrnrooth was re-elected Chairman of the Board. Dividend The General Meeting established the dividend proposed by the Board of Directors and the Managing Director amounting to SEK 1.25 per share. Friday 30 April 2004 was established as record day and payment from VPC (the Securities Register Centre) is expected to start on Wednesday 5 May 2004. Nomination Committee The General Meeting decided to re-elect Georg Ehrnrooth, Melker Schorling and Gustaf Douglas members of the Nomination Committee, with the task of preparing the election of Directors, the establishment of fees for the Directors and matters pertaining thereto regarding the 2005 Annual General Meeting. The mentioned members have been instructed to, during the third calendar quarter 2004, appoint two representatives of the major institutional shareholders additional members of the Nomination Committee. The names of these two members will be published in the company's interim report for the third quarter 2004. Global Incentive Program Today, the general meeting of ASSA ABLOY shareholders has resolved to introduce a global incentive program for employees within the ASSA ABLOY Group, in accordance with the proposal of the Board as earlier released. The new incentive program will be open to approximately 22,000 employees in approximately 15 countries. Stockholm 27 April 2004 ASSA ABLOY AB (publ) For further information, please contact Bo Dankis, President and CEO, tel: +46-8-506 485 42 Goran Jansson, Deputy CEO and CFO, tel. +46-8-506 485 72 ASSA ABLOY AB (publ) P.O. Box 70340, S-107 23 Stockholm Tel: +46 8 506 485 00, Fax: +46 8 506 485 85 Visiting address: Klarabergsviadukten 90 http://www.assaabloy.com/ http://hugin.info/1014/R/942881/131845.pdf 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 EUR3 billion. DATASOURCE: ASSA ABLOY AB CONTACT: Bo Dankis, President and CEO, +46-8-506-485-42, or Goran Jansson, Deputy CEO and CFO, +46-8-506-485-72, both of ASSA ABLOY AB Web site: http://www.assaabloy.com/

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