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 14-Nov-2024 / 19:00 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

This E. Schneider will not be standing for re-election at the Ordinary General Meeting on April 4, 2025. The Board of Directors of Forbo Holding Ltd will propose the election of Bernhard Merki as the new Chairman of the Board of Directors. Bernhard Merki has been a member of the Board of Directors of Forbo Holding Ltd since April 5, 2024.

Baar, November 14, 2024

This E. Schneider will not be standing for re-election
This E. Schneider will not be standing for re-election as a member of the Board of Directors at the upcoming Ordinary General Meeting 2025. He has been a member of the Board since 2004 and until the end of 2013 was Delegate of the Board of Directors in his role as CEO of the Forbo Group. From 2014 to 2023, he held the role of Executive Chairman of the Board of Directors of Forbo Holding Ltd. He has been leading the company as Chairman of the Board of Directors since April 2023. This E. Schneider is also Chairman of the Strategy and Sustainability Committee.

The Board of Directors of Forbo Holding Ltd would like to thank This E. Schneider for his many years of success as well as the dedication he has shown to the company. With his strategic expertise, in-depth corporate and financial knowledge as well as his extensive professional experience, he has played a key role in shaping Forbo over the past two decades. He recognized the importance of corporate sustainability from an early stage and enshrined it as one of Forbo’s core values. Under his leadership, first as CEO of the Forbo Group and then as Chairman of the Board of Directors, the Group developed an integrated corporate strategy under the Forbo brand, gradually focused its business activities on two strong pillars – Forbo Flooring Systems and Forbo Movement Systems – and rounded off the portfolio with targeted acquisitions. The Board of Directors is extremely grateful to This E. Schneider for his valuable contributions and trusting working relationship and wishes him all the best for the future.