Melker Schörling AB

Start Holdings Stock portfolio

Market value of the stock portfolio as per December 31st 2011

A-Shares B-Shares Value % of % of

(mn) (mn) (Bn SEK) capital votes
Hexagon 15.8 78.7 9.7 27 48
Securitas 4.5 16.0 1.2 6 12
ASSA ABLOY 5.3 9.2 2.5 4 12
AAK* - 16.5 3.3 40 40
Loomis 0.9 5.4 0.6 9 14
HEXPOL 1.5 7.5 1.8 26 47
Bong - 3.8 0.1 22 22
Others 0.2
Total
19.4
* Holdings in AAK consist of MSAB's share including the minority. The minority value in AAK (41.5%) amounted to MSEK 1 359 as per December 31st 2011