We hereby announce that we, Altor Fund Manager AB (“Altor”), on January 19th 2023 have increased our holding of shares in FLSmidth A/S (“FLSmidth”) to 10.5% of the issued and outstanding share capital and voting rights of FLSmidth. The rationale behind Altor’s acquisition of shares is further explained in the press release posted in the morning of January 19th 2023.

Altor controls, through Altor Fund (No.1) AB and Altor Fund V (No. 2) AB, the subsidiary, NewCo December 2022 AS (“NewCo”), who is the direct holder of shares in FLSmidth.

For more information, please contact:

Tor Krusell, Head of Communications, tor.krusell@altor.com, +46 705 43 87 47

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