Gunnebo España signs order for installation of two SafeStore Auto with Spanish Bank BBVA

Gunnebo security group has got, through its subsidiary Gunnebo España, an order from Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) to install two robotized safe deposit lockers systems, SafeStore Auto. Order value is some MEUR 1,6.

In 2007, Banco Bilbao Vizcaya Argentaria (BBVA) installed the largest SafeStore Auto ever produced by Gunnebo, with 2562 Safe Deposit lockers (SDLs), and have now placed an order for two additional systems, both with around 1,800 lockers. The systems will be installed in Alicante and Bilbao, and installation is planned to be finalized in December, 2008. The order is worth some MEUR 1,6.

Apart from the SafeStore Auto, both installations will include the strong room and will be equipped by Gunnebo with the electronic security elements that will monitor the site, i.e. seismic and intrusion detectors, CCTV, etc.

“BBVA has achieved a significant space saving in the branches where they have stopped the traditional SDL service, in order to concentrate SDLs in big branches, where they are placing SafeStore Auto systems. In these branches, only around half the space is needed to set the system, compared to the classical SDLs, and much more security is provided”, says José Ortuño, Country Manager Gunnebo España.

“Another benefit that SafeStore Auto gives to BBVA is the saving regarding the surveillance and custody services they used to hire in those branches where they had traditional SDLs”, says Ángel Díaz, key account manager Business line Bank Gunnebo España.

“With the grouping of different safe deposit lockers installations, now spread in many branches, gathered in major SafeStore Auto installations we expect to improve the quality of service, increase the satisfaction of our customers and at the same time turn the investment into profit", says Julio Corrochano, Security Manager of BBVA. “Another important synergy is the growth of both physical and electronic security measures”.

BBVA intends to continue with the implementation of SafeStore Auto in their biggest branches in a near future.

SafeStore Auto is an automated safe deposit locker system, which among others allows the bank’s customers 24/7 access to their safe deposit lockers since it can be installed in the bank’s self-service area. The solution is unique, and Gunnebo is today the major player on the market with an installed base of 800 systems.

GUNNEBO AB (publ)
Group Communications

For further information please contact:
Göran Gezelius, President and CEO Gunnebo AB, tel: +46 31 83 68 00, or
Karin Martinsson, Communication Manager Gunnebo AB, tel: +46 31 83 68 06, mobile:
+46 708 23 33 39, or e-mail: karin.martinsson@gunnebo.com

www.gunnebo.com

Gunnebo AB (publ) discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 13.01 CET on July 15, 2008.