Granting of share options

Thu Nov 22, 2012 3:25am EST

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Company Announcement to the Danish Financial Supervisory Authority No. 40-2012, 22 November 2012

Following the presentation of the Q3 2012 interim financial statements, the Board of Directors has decided on a discretionary allocation of share options to 50 key employees who are not comprised by the Group's normal share option plan.
A total of 116,900 share options will be granted to 50 key employees who are each considered to be specially capable of supporting value creation in the Group.

The exercise period is November 2015 - November 2018, and the exercise price is DKK 311 calculated as the average closing price on NASDAQ OMX during the first five business days after presentation of the Q3 2012 financial statements. Based on a twelve month historical volatility of 35.48% the Black-Scholes value amounts to DKK 10m. The options are covered by the company's holding of treasury shares.

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Please address any questions regarding this announcement to Group Chief Executive Officer Jørgen Huno Rasmussen, FLSmidth & Co. A/S at +45 36 18 18 00.

For further information about FLSmidth, please visit www.flsmidth.com

Yours faithfully

Pernille Friis Andersen
Corporate Communications & Investor Relations




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Source: FLSmidth via Thomson Reuters ONE

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