Corporate Governance code

Framework

The Swedish Code for Corporate Governance entered into force as of July 1, 2005. The rules represent an addition mainly to the provisions in the Swedish Companies Act on a company’s organisation, but also to the relatively extensive self regulation that exists in the area of Corporate Governance. The code is based on the principle ‘comply or explain’. Under this principle a company following the Code may depart for individual rules; however, in that event it must provide an explanation stating the reason for each departure reported.

Compliance 2008

Due to resolved changes in the composition of Board of Directors and committees for 2008 the deviations concerning rules 2.1.2 and 3.8.2 (as described in SecuritasAnnual Report 2007) does no longer apply. Also, due to changes in the revised Code for Corporate Governance (entered into force as of July 1, 2008) the deviations concerning rules 3.2.4 and 4.2.1 does no longer apply.

For further information about Securitas’ approach to Corporate Governance, please refer to the Report of the Board of Directors – Corporate Governance and Internal Control, which can be found in Securitas’ Annual Report 2007 and has been published on the Securitas website.