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Forbo shareholders approve all proposals of the Board of Directors
At today’s 96th Ordinary General Meeting of Forbo Holding Ltd in Zug, the shareholders approved all of
the Board of Directors’ proposals by a large majority. The dividend of CHF 25 per share will be paid out
as of April 12, 2024.

Baar, April 5, 2024
Today’s Ordinary General Meeting of Forbo
Holding Ltd was attended by 126 shareholders,representing 1,058,918 registered shares or
71.31% of the share capital issued.
The shareholders accepted all of the Board ofDirectors’ proposals by a large majority. They
approved the Annual Report, the annualstatements, the consolidated financialstatements, and the Sustainability Report forthe 2023 business year and granted discharge tothe responsible governing bodies. They also
voted in favor of the proposed distribution ofearnings in the form of a dividend of CHF 25per share.
Due to the necessary amendment of the Articles
of Association to the new company law, various
changes to the Articles of Association werevoted on this year. The Ordinary General
Meeting approved all requests of the Board ofDirectors.
Shareholders approved the 2023 Remuneration
Report by a majority in a consultative vote. The
Ordinary General Meeting approved themaximum total remuneration of the Board of
Directors for 2025, the maximum fixed
remuneration of the Executive Board for 2025,
the short-term variable remuneration of theExecutive Board for 2023, and the maximum
long-term equity participation of the Executive
Board for 2024 by a large majority.
Except for Dr. Peter Altorfer, who did not standfor re-election after 19 years of successful workon the Forbo Board, all previous Board of
Directors members were confirmed in office.

With his extensive knowledge and many years
of professional experience, Dr. Peter Altorfer
made a significant contribution to the further
development of the Forbo Group. The Board ofDirectors thanks him for his exceptional
commitment and for the trusting cooperation
and wishes him all the best.
The previous Board of Directors members –This E. Schneider as the Chairman as well as
Michael Pieper, Claudia Coninx-Kaczynski, Dr.
Eveline Saupper, and Vincent Studer – wereconfirmed in office and re-elected for a one-year
term. Jörg Kampmeyer and Bernhard Merki
were newly elected to the Board of Directors.
The previous members of the Remuneration
Committee – Claudia Coninx-Kaczynski andMichael Pieper – were confirmed for a furtheryear. Instead of Dr. Peter Altorfer, Bernhard
Merki was elected as a new member.
Lastly, the shareholders extended the mandateof the auditor, KPMG Ltd, for a further year.
Furthermore, René Peyer was re-elected as
independent proxy.

Forbo is a leading producer of floor coverings,
building and construction adhesives, as well as
belts for power transmission and lightweight
conveyor technology.
The sustainable manufacture of environmentally friendly products has long been an integral
part of the strategy.

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Forbo’s linoleum floor coverings are made fromnatural raw materials. It is biodegradable andcarbon negative (cradle to gate), without
offsetting. For its manufacture of heterogenous
vinyl floor coverings, Forbo uses the latest
generation of phthalate-free plasticizers. As aproportion of total product weight, textile floor
coverings also contain up to 45% recycledmaterials. The BioBelt is a conveyor belt
consisting of at least 20% renewable rawmaterials. The AmpMiser conveyor belt allows
savings in energy of up to 50%.
The company employs about 5,200 people andhas an international network of 25 sites withproduction and distribution, 6 fabrication
centers, and 47 sales organizations in a total of
39 countries around the world. The company
generated net sales of CHF 1,175.2 million in the2023 business year. The company is headquartered in Baar in the canton of Zug,
Switzerland.
The company is listed on SIX Swiss Exchange(security number 354151, ISIN CH0003541510,
Bloomberg FORN SW, Reuters FORN.S).
Contact person:
Karin Marti
Head Corporate Communications
Phone +41 58 787 25 41
www.forbo.com
www.forbo.com –> Sustainability