UPDATE: Stanley Black & Decker Announces Acquisition of Niscayah Shares

Stanley Black & Decker, Inc. (NYSE:

) announced that its wholly owned Swedish subsidiary has acquired in total 37,005,890 class B shares of Niscayah Group AB, representing approximately 10.2% of the outstanding shares1 and approximately 7.2% of the total number of votes in Niscayah, at prices not exceeding SEK 18. The acquisition of these shares was made through purchases outside of the Company's pending tender offer to acquire all the outstanding shares and warrants of Niscayah. This accumulation of shares reflects the Company's commitment to the tender offer announced on June 27, 2011.