The Board and Group Management of Alimak Group AB (publ) have initiated a strategic review of the Wind division to explore future strategic alternatives - including a potential divestment. In 2020, Alimak Group launched the New Heights programme, a strategic initiative to capture the full value potential for the Group and to evaluate the rationale, the required resources and the long- term prospects and position of each of the Group's four divisions (Construction, Industrial, Facade Access (name change from BMU in 2022) and Wind). In 2021, the Group's commitment was to ensure improved profitability, and in 2022, the Group is focusing on executing on the third phase of the New Heights programme; profitable growth.

"We evaluate the Group's business portfolio on a regular basis, with a focus on profitable growth and long-term value creation. The decision to initiate a strategic review of the Wind division is based on the Board and Group Management's view that the Wind division may have a more favourable development in another ownership structure going forward", said Ole Kristian Jødahl, Chief Executive Officer, Alimak Group. The Group's ambition is to relentlessly identify market opportunities, as well as growth enhancing and value creative initiatives, to build a high performing platform for profitable growth.

To ensure the best possible conditions for the Group to efficiently execute on its strategy and to optimise shareholder value, the Board has decided on a strategic review of the Wind division, to explore future strategic alternatives for the Wind division, including a potential divestment. The strategic review will be conducted in 2022. There is currently no certainty that this strategic review will result in any material changes for the company.

Should the review result in a material event, information will be disclosed in due course.