Melker Schörling AB

Start Holdings Stock portfolio

Market value of the stock portfolio as per June 30th 2010

A-Shares B-Shares Value % of % of

(mn) (mn) (Bn SEK) capital votes
Hexagon 11.8 66.4 7.9 29 49
Securitas 4.5 16.0 1.5 6 12
ASSA ABLOY 5.3 9.2 2.3 4 12
AAK* - 16.4 2.4 40 40
Loomis 0.9 5.4 0.5 9 14
Niscayah 4.5 21.0 0.3 7 13
HEXPOL 1.2 6.0 0.6 27 48
Bong Ljungdahl - 3,8 0.1 29 29
Others 0.1
Total
15.7

* Holdings in AAK consist of MSAB's share including the minority. The minority value in AAK (41,5%) amounted to MSEK 1007 as per June 30th 2010.