Change in NIBE Industrier’s (publ) Group management

About this update from Nibe Industrier Ab Class B

Fredrik Erlandsson has decided to resign from his role as Head of NIBE Corporate Communications and Investor Relations, and member of the Group management. “The Board and I would like to thank Fredrik for building strong and stable foundations for the continuing development and modernization of NIBE Industrier’s communications and relations with our investors," says Gerteric Lindquist, Managing Director and CEO of NIBE Industrier. Fredrik will continue in his role with no change in his responsibilities through to the end of the year. The task of recruiting a successor will begin immediately after the holiday period. If you have any questions, please contact: Gerteric Lindquist Managing Director and CEO [email protected] +46 433 27 30 00 Fredrik Erlandsson Head of Corporate Communications and Investor Relations [email protected] +46 70 486 63 90

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