Alimak Group — Board/Management Information 2020

Jan 15, 2020

ALIMAK

GROUP

Press release

15 January 2020

Tormod Gunleiksrud leaves as President and CEO of Alimak Group during 2020. The Board has begun the recruitment of a successor.

Tormod Gunleiksrud, has informed Alimak Group's Board of Directors that he wishes to leave his position as President and CEO during 2020. Against this background, the Board of Directors has begun the work on evaluating potential successors to Tormod Gunleiksrud.

Tormod Gunleiksrud has been President and CEO of Alimak Group since 2012.

For further information, please contact:

Tormod Gunleiksrud, President and CEO, tel.no: +46 733 834 545

Jan Svensson, Chairman, tel.no: +46 705 771 640

This is information that Alimak Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 CET on January 15, 2020.

About Alimak Group

Alimak Group is a world-leading provider of vertical access solutions for professional use. With presence in more than 100 countries, the Group develops, manufactures, sells and services vertical access solutions with focus on adding customer value through greater safety, higher productivity and improved cost efficiency. Alimak Group's products and solutions are sold under the brands Alimak, CoxGomyl, Manntech, Avanti and Alimak Service. The Group has an installed base of around 70,000 elevators, hoists, platforms, service lifts and building maintenance units around the world. Founded in Sweden 1948, the Group has its headquarters in Stockholm, 11 production and assembly facilities in 8 countries and 2,400 employees around the world. www.alimakgroup.com