Securitas SHARE: Annual Report 2016 | Page 2

CEO statement Strategy 2–4 5–13 Strategy: Securitas' service offering 6–7 Strategy: creating value for our customers 8–9 Strategy: creating value for our shareholders 10–11 Strategy: growth 12–13 Operations 14–17 Overview – business segments 14 Security Services North America 16 Security Services Europe 16 Security Services Ibero-America 17 Africa, Middle East and Asia 17 Securitas’ responsibilities 18–25 Corporate governance and ­management 26–45 Corporate governance 26–33 Securitas management model – Toolbox 27 Compliance with the Code 31 Board of Directors 32–33 Group Management 34–35 Enterprise risk management (ERM) and internal control 36–44 Auditors 45 Auditor’s report on Corporate Governance Statement 45 Annual Report 46–131 Securitas’ financial model 46–47 Report of the Board of Directors 49–57 Consolidated financial statements 58–64 Notes and comments to the consolidated financial statements 65–115 Five-year overview 114–115 Parent Company financial statements 116–118 Notes and comments to the Parent Company financial statements 119–125 Signatures of the Board of Directors 126 Auditor’s report 127–131 Quarterly data 132–133 The Securitas share 134–135 Financial information and invitation to the Annual General Meeting 136 This is a translation of the original Swedish Annual Report. In the event of differences between the English translation and the Swedish original, the Swedish Annual Report shall prevail.