ASSA ABLOY Completes Acquisition of LaserCard Corporation

As of the close of business of January 28, 2011, ASSA ABLOY had acquired over 90% of the outstanding shares of LaserCard based on the acceptance of shares tendered to date and the exercise of its option, pursuant to this agreement the terms of the merger agreement, to purchase additional shares directly from LaserCard sufficient to give ASSA ABLOY ownership of more than 90% of LaserCard's outstanding shares, when combined with the shares purchased by ASSA ABLOY in the tender offer. ASSA ABLOY completed its acquisition of LaserCard by means of a short-form merger pursuant to this agreement Delaware law at the same price per share paid in the tender offer, effective January 28, 2011.

ASSA ABLOY is represented all over the world, on both mature and emerging markets, with strong positions in much of Europe and North America and in Asia. In the fast-growing electromechanical security segment, the ASSA ABLOY group has a strong position in areas just as access control, identification research, door automation and hotel security.

LaserCard Corporation, at the same time with its subsidiaries, is a leading provider of secure ID solutions to governments and commercial customers worldwide. It develops, manufactures, and integrates LaserCard® optical security media cards, multi-research cards, encoders, peripherals, smart and specialty cards, biometrics, and modular software. The Company's cards and systems are used in various applications, including citizen identification, border security, government service delivery, and facility access.