Alimak Group — Board/Management Information 2021

Feb 9, 2021

ALIMAK

GROUP

Press release

9 February 2021

Alimak Group appoints Thomas Hendel as CFO

Alimak Group has appointed Thomas Hendel as CFO, effective as of May 17, 2021.

Thomas Hendel will join Alimak Group from the role as Deputy Chief Financial Officer of Saab Group, a position he has held since 2016. He has 30 years of experience from different financial and general management roles within Saab and ABB, including as Interim Chief Financial Officer at Saab between May and September 2020.

Born in 1966, Thomas holds a Bachelor's degree in Business Administration and Economics from Uppsala University.

"I am very pleased to welcome Thomas Hendel as CFO of Alimak Group. His extensive and broad experience from financial management roles within industrial and project-based operations as well as stock exchange listed environments will be of great value to us," says Ole Kristian Jødahl, CEO Alimak Group.

Until the date of accession, Bernt Ingman continues as Interim CFO.

For more information, please contact:

Ole Kristian Jødahl, CEO, +46 8 402 14 40

Mathilda Eriksson, Investor Relations and Group Communications Manager, +46 8 402 14 41

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 February 9, 2021.

About Alimak Group

Alimak Group is a world-leading provider of vertical access solutions for professional use. With a global reach spanning over more than 100 countries, the Group offers vertical access solutions adding customer value through greater safety, productivity and resource efficiency. Alimak Group's products and service 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 2,300 employees around the world. www.alimakgroup.com