Purchase order for approximately 2,800,000 shares in FLSmidth & Co. A/S

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, JAPAN, SOUTH AFRICA, HONG KONG OR AUSTRALIA OR IN ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION IS UNLAWFUL

Press release

Copenhagen, 18 Jan 2023

Purchase order for approximately 2,800,000 shares in FLSmidth & Co. A/S

Carnegie Investment Bank AB (publ) (“Carnegie”) has been engaged by a financial investor to explore the opportunity to buy approximately 2,800,000 shares in FLSmidth & Co. A/S corresponding to approximately 4.9% of the number of shares outstanding.

The price per share will be determined through an accelerated book building process carried out by Carnegie within an indicative price range of DKK 286.8 – 300 per share. The purchase order will commence as of publication of this notice and expire on 19 January 2023 at 08.00 CET. The final price per share and amount of shares purchased are expected to be announced as soon as practically possible thereafter. The purchase order may be closed earlier at short notice or be extended.

If aggregated sale orders for more than the purchase order are received, some or all sale orders may be reduced at the sole discretion of the investor. If aggregated sale orders for less than the purchase order are received, the investor reserves the right, at its sole discretion, to purchase fewer shares or no shares at all.

The investor reserves the right, at its sole discretion, not to complete the purchase order if the price, volume or other terms achieved are not acceptable to the investor.

If the purchase order is completed, settlement will take place on or about 23 January 2023 (subject to change). If the purchase order is not completed, all shares for which sale orders have been received will be released without further compensation to the shareholder.

Carnegie acts as Sole Global Coordinator and Sole Bookrunner in connection with the purchase.

Disclaimer

This announcement should not be construed as a confirmation neither that the purchase will complete, nor of the deal size or the price.

The proposed purchase is not an offer, whether directly or indirectly, in the United States, Canada, Japan, South Africa, Hong Kong or Australia, unless otherwise indicated, or in any other jurisdiction where such offer pursuant to legislation and regulations in such relevant jurisdictions would be prohibited by applicable law.

This announcement is intended for the sole purpose of providing information. Persons needing advice should consult an independent financial adviser. This announcement does not constitute an investment recommendation.