Alimak Group strengthens its management – Stefan Rinaldo appointed Chief Operational Officer (COO)

We are pleased to announce that Stefan Rinaldo (age 53) has been appointed to
Chief Operational Officer for Alimak Group AB, with effect from 3 May 2016.
The appointment aims to strengthen the management capabilities of Alimak Group,
and the main focus of the COO role will be M&A integration, Legal & Contracts
function, Information Technology, Compliance and Risk Management, including
projects. The function will be instrumental to support Alimak Group´s growth
plan.

Stefan has been with Alimak Group since 2007, and he has held the position as
the CFO since 2012. He will continue as CFO until new CFO is recruited and well
on board in the Group.

For more information, please contact:

Tormod Gunleiksrud, CEO and President, Phone: +46 8 402 14 42

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