Press release

Swedish Corporate Governance Code

Following the sudden media debate in recent days, the shareholders named below, in consultation with the Board of Directors, have agreed on the following:

NIBE Industrier AB’s Board of Directors will shortly establish a Remuneration Committee and an Audit Committee. In addition, we will ensure that NIBE Industrier AB has a Nomination Committee, with representatives of the major institutional owners, in good time for the 2025 Annual General Meeting.

Markaryd, Sweden, May 15, 2024

Gerteric Lindquist, Managing Director and CEO of NIBE Industrier AB, representing present and former Board members and management

Mikael Ekdahl, Chairman of the Board of Melker Schörling AB, representing the Schörling family

This information in this press release is information that NIBE Industrier AB (publ) is obligated to make public pursuant to Nasdaq Nordic Main Market Rulebook for issuers of shares. This information was submitted by the contact persons above for publication on May 15, 2024 at 4:15 PM CEST.