Change on the Board of Directors of Forbo Holding Ltd

Forbo Holding AG / Key word(s): Miscellaneous Change on the Board of Directors of Forbo Holding Ltd 24-Nov-2023 / 06:30 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. MEDIA RELEASE AD HOC ANNOUNCEMENT PURSUANT TO ARTICLE 53 OF THE SIX EXCHANGE REGULATION LISTING RULES

Dr. Peter Altorfer will not be standing for re-election at the 2024 Ordinary General Meeting. The Board of Directors of Forbo Holding Ltd will propose Joerg Kampmeyer and Bernhard Merki for election to the Board of Directors.

Baar, November 24, 2023

Retirement from the Board of Directors
After almost 20 years’ service on the Board, Dr. Peter Altorfer will not be standing for re-election to the Board of Directors at the next Ordinary General Meeting on April 5, 2024, as a member of the Board of Directors and as Vice Chairman of Forbo Holding Ltd. He has been a member of the Board since 2005 and is Chairman of the Human Resources and Nomination Committee, the Remuneration Committee as well as a member of the Audit and Finance Committee.

“On behalf of the Board of Directors of Forbo Holding Ltd, I would like to thank Dr. Peter Altorfer for his valuable services. With his legal expertise, profound financial knowledge, and many years of professional experience, he made a great and essential contribution to the further development of the Forbo Group. The Board of Directors is indebted to him for his outstanding commitment and dedication as well as for his trusting cooperation. We wish him all the best for the future,” says This E. Schneider, Chairman of the Board of Directors.

Elections to the Board of Directors
The Board of Directors of Forbo Holding Ltd will propose Joerg Kampmeyer and Bernhard Merki for election as new members to the Board of Directors at the Ordinary General Meeting on April 5, 2024.

Bernhard Merki, a Swiss citizen, has been a self-dependent businessperson as well as professional and independent director since 2019, serving on the boards of various nationally and internationally active companies. In addition to holding a number of directorships, he is Chairman of the Board of Directors of EMS-Chemie-Holding AG, Georg Utz Holding AG, Rondo Burgdorf AG, and Fostag Formenbau AG. Bernhard Merki has extensive industrial experience accumulated over many years in sectors closely related to Forbo’s activities: logistics, mechanical engineering, plastics processing and construction materials.