The following retained earnings are available for disposition by the shareholders at the Annual General Meeting:

Net income for the year: SEK 715 M
Retained earnings brought forward: SEK 4,892 M
TOTAL: SEK 5,607 M
The Board of Directors and the President and CEO propose that a dividend of SEK 3.25 per share, a maximum total of SEK 1,189 M, be distributed to shareholders
and that the remainder, SEK 4,418 M, be carried forward to the new financial year.

Friday 28 April 2006 has been proposed as the qualification day for dividends. If the Annual General Meeting confirms this proposal, the dividend is expected to be distributed by VPC AB on Thursday 4 May 2006.
Stockholm, 9 February 2006
Georg Ehrnrooth Melker Schörling Carl-Henric Svanberg
Chairman Vice Chairman Vice Chairman
 
Johan Molin Carl Douglas Gustaf Douglas
President and CEO
 
Per-Olof Eriksson Lotta Lundén Sven-Christer Nilsson

Seppo Liimatainen Mats Persson
Employee representative Employee representative
Our audit report was issued on 9 February 2006

PricewaterhouseCoopers AB

Anders Lundin
Authorized Public Accountant
To the Annual General Meeting of the shareholders of ASSA ABLOY AB
Corporate identity number 556059-3575
We have audited the annual accounts, the consolidated accounts, the accounting records and the administration of the Board of Directors and the President and CEO of ASSA ABLOY AB (publ) for the year 2005. The Board of Directors and the President and CEO are responsible for these accounts and the administration of the company as well as for the application of the Annual Accounts Act when preparing the annual accounts and the application of International Financial Reporting Standards IFRSs as adopted by the EU and the Annual Accounts Act when preparing the consolidated accounts. Our responsibility is to express an opinion on the annual accounts, the consolidated accounts and the administration based on our audit.
We conducted our audit in accordance with generally accepted auditing standards in Sweden. Those standards require that we plan and perform the audit to obtain reasonable assurance that the annual accounts and the consolidated accounts are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the accounts. An audit also includes assessing the accounting principles used and their application by the Board of Directors and the President and CEO and significant estimates made by the Board of Directors and the President and CEO when preparing the annual accounts and consolidated accounts as well as evaluating the overall presentation of information in the annual accounts and the consolidated accounts. As a basis for our opinion concerning discharge from liability, we examined significant decisions, actions taken and circumstances of the company in order to be able to determine the liability, if any, to the company of any Board member or the President and CEO. We also examined whether any Board member or the President and CEO has, in any other way, acted in contravention of the Companies Act, the Annual Accounts Act or the Articles of Association. We believe that our audit provides a reasonable basis for our opinion set out below.
The annual accounts have been prepared in accordance with the Annual Accounts Act and give a true and fair view of the company's financial position and results of operations in accordance with generally accepted accounting principles in Sweden. The consolidated accounts have been prepared in accordance with International Financial Reporting Standards IFRSs as adopted by the EU and the Annual Accounts Act and give a true and fair view of the Group's financial position and results of operations. The statutory administration report is consistent with the other parts of the annual accounts and the consolidated accounts.
We recommend to the Annual General Meeting of shareholders that the income statements and balance sheets of the Parent company and the Group be adopted, that the profit of the Parent company be dealt with in accordance with the proposal in the administration report and that the members of the Board of Directors and the President and CEO be discharged from liability for the financial year.
Stockholm 9 February 2006

PricewaterhouseCoopers AB

Anders Lundin
Authorized Public Accountant