10 May 2002 08:00

Securitas has the following announcement to make concerning the recent press speculation regarding Securitas and Chubb.

Securitas has a two leg strategy.

One is to grow by developing its existing business. The second is to grow by acquisitions.

Our aim has all the time been to do this and at the same time increase earnings per share.

We are continusly having discussions with companies in the industry concering potential
cooperations and acquisitions.

We have been in discussions with Chubb on a possible business combination. The discussions have been of a very preliminary nature. So far no results have been achieved.

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