Long-Term Incentive Programme 2025

Group 1 - The Board of Directors of FLSmidth & Co. A/S has allocated a total of 118,815 performance shares to 107 members of the Executive Management and key staff as part of the Long-Term Incentive Programme [1][2] - The vesting period for the allocated shares is three years, contingent upon the fulfillment of specific Key Performance Indicators (KPIs) [2] - The target cost of the performance share programme is DKK 44.6 million, with a maximum potential cost of DKK 66.8 million assuming full vesting [2] Group 2 - The applicable KPIs for the performance shares include Adjusted EBITA as a percentage of revenue, Service Order Intake, Total Shareholder Return, and a Sustainability KPI covering four dimensions [2] - FLSmidth aims to achieve zero emissions in mining and cement by 2030 as part of its sustainability ambition, MissionZero [4]