Audit Committee

The Board of Directors has established an Audit Committee, which operates under the ’Instructions for the Audit Committee appointed by the Board of Directors’.

The Board of Directors has established an Audit Committee, which operates under the “Instructions for the Audit Committee appointed by the Board of Directors”, that meets with Securitas’ auditors at least four times per year. The committee is focused on accounting matters and the presentation of financial information and its internal control, as well as overseeing risk matters. The committee presents its findings and proposals to the Board, before the Board’s decision-making.

Audit Committee 2009

The Board of Directors has elected Marie Ehrling (Chairman), Berthold Lindqvist and Fredrik Cappelen as members of the Audit Committee for the period up to and including the Annual General Meeting 2010. The majority of the Audit Committee members for 2009 is considered independent of the company and senior management.

Work of the Audit Committee 2008

The Committee met four times in 2008. Topics that have been discussed among other things are:

• Continuous updates on the listing of Loomis
• Discussions and updates within the areas accounting, financing, acquisitions, risk, insurance strategy, tax, legal matters and litigation
• Financial reporting for 2008
• Internal control activities including Enterprise Risk Management
• Audit-related matters including audit cost and policy for approval of additional services
• Impairment test
• Corporate Governance Report
• Internal audit assessment