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FLSmidth: FLSmidth penalty on former subsidiary upheld

Company Announcement to the Danish Financial Supervisory Authority No.
08-2014, 30 April 2014.

The European Court of Justice has today ruled that the penalty imposed on
FLSmidth&Co. A/S in March 2012 is upheld at EUR 14.45m (see Company
Announcement No. 13-2012, 6 March 2012).

As announced in 2005 (see Company Announcement No. 30-2005, 1 December 2005)
the European Commission ruled that FLSmidth&Co. A/S and the subsidiary
company FLS Plast A/S were to be held partly liable with regards to a cartel
penalty on a formerly FLSmidth-owned French company then named Silvallac S.A
(later Trioplast Wittenheim).

FLSmidth has appealed the cartel decision twice, latest in March 2012 where
the General Court reduced FLSmidth&Co. A/S' and the subsidiary company FLS
Plast A/S' partly liability for this penalty. The liability was reduced from
EUR 15.30m to EUR 14.45m.

The judgement concerning FLS Plast A/S is still pending.

The Group's guidance for 2014 will not be affected by the penalty.


Please address any questions regarding this announcement to Global
Communications Manager Jesper B. Larsen, FLSmidth&Co. A/S at +45 36 18 18 00.

For further information about FLSmidth, please

Yours faithfully

Pernille Friis Andersen
Corporate Communications&Investor Relations
Link to PDF version


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: FLSmidth via Globenewswire


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