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Granting of share options


November 22, 2013 - London

Company Announcement to the Danish Financial Supervisory Authority No. 33-2013, 22 November 2013

Following the presentation of the Q3 2013 interim financial statements, the Board of Directors has decided on a discretionary allocation of share options to 43 key employees who are not comprised by the Group's normal share option plan.

A total of 129,000 share options will be granted to 43 key employees who are each considered to be especially capable of supporting value creation in the Group.

The exercise period is November 2016 - November 2019, and the exercise price is DKK 279 calculated as the average closing price on NASDAQ OMX during the first five business days after presentation of the Q3 2013 financial statements. Based on a twelve month historical volatility of 29.33% the Black-Scholes value amounts to DKK 9m. FLSmidth will buy shares to cover the share option programme.

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For further information about FLSmidth, please visit www.flsmidth.com.

Yours faithfully

Pernille Friis Andersen
Corporate Communications & Investor Relations

Link to PDF version



This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: FLSmidth via Thomson Reuters ONE

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