Alimak Group announces new CFO

We are pleased to announce that Per Ekstedt (age 52) has been appointed Chief
Financial Officer for Alimak Group AB, with effect from 1 January 2017.
Per Ekstedt is currently CFO at the Swedish high-tech company Mycronic, and he
has been in that position since 2012. Per has previously held several positions
as CFO, among others, Selecta, Group4 Securicor and Siemens Business Services.

“We are very pleased to welcome Per Ekstedt to the management team of Alimak
Group. His broad experience as CFO, working with global organizations will be of
benefit to Alimak Group”, says CEO, Tormod Gunleiksrud.

Per Ekstedt will succeed Stefan Rinaldo who will continue within the Alimak
Group as COO.

For more information, please contact:

Tormod Gunleiksrud, CEO and President, Phone: +46 8 402 14 52

Sofia Wretman, Global head of Communications & Investor Relations, Phone: +46
8 402 14 47

About Alimak Group

Alimak is a global market leader and a pioneer in designing, developing,
manufacturing, distributing and servicing industrial vertical access solutions.
The company provides high quality hoists, elevators and platforms primarily for
the industrial and construction sectors. Alimak has a global sales, services and
distribution platform across more than 70 countries with strong market
positions. The company has a well-established and highly resilient aftersales
business and its large global installed base of close to 22,000 units provides
unique know-how into its customer´s needs. Alimak was founded in 1948, is
headquartered in Stockholm and employ close to 1,200 people across the world.
www. Alimakgroup.com