The Annual General Meeting of Grundfos Holding A/S, company registration number (CVR) 31 85 83 56, will be held on 27 February 2026 at 2:00 pm CET at:

 

The Grundfos Centre

Event Hall

Poul Due Jensens Vej 23

8850 Bjerringbro, Denmark

 

and electronically via

www.meetnow.global

 

In accordance with the Articles of Association, the Board of Directors has decided that the Annual General Meeting of Grundfos Holding A/S will be held as a partially electronic general meeting. This implies that the shareholders, instead of attending the General Meeting in person, may participate and exercise their shareholders’ rights at the General Meeting electronically.

The agenda for the Annual General Meeting will be as follows:

 

1. Election of Chairman of the meeting

The Board of Directors proposes that Andreas Ilum is elected as Chairman of the meeting.

 

2. Report on the company’s activities during the past year

 

3. Approval of the annual report

The Board of Directors proposes that the annual report for the financial year 2025 for Grundfos Holding A/S is approved.

The Board of Directors refers to the annual report for the financial year 2025 for Grundfos Holding A/S, which provides the annual result of Grundfos Holding A/S, the Grundfos Group and its affiliated companies.

 

4. Granting of discharge to the Board of Directors and the Executive Board

The Board of Directors proposes that the members of the Board of Directors and the members of the Executive Board are discharged from liability in respect of the duties performed for Grundfos Holding A/S during the financial year 2025.

 

5. Decision on the distribution of net profit

The Board of Directors proposes that the distribution of net profit is made in accordance with the annual report for the financial year 2025 for Grundfos Holding A/S.

 

6. Election of the Board of Directors, including appointment of Chairman and Deputy Chairman and determination of remuneration of the Board of Directors

According to the Articles of Association, the members of the Board of Directors elected by the General Meeting shall be discharged at the Annual General Meeting each year with the possibility of being re-elected.

 

a) The Board of Directors proposes that five members of the Board of Directors will be elected.

 

b) The Board of Directors proposes that Claus Aagaard, Carsten J. Reinhardt, Henrik Ehlers Wulff, Jacoba Theresia Maria van der Meijs, and Karin Annika Ölme, are re-elected to the Board of Directors for a new term of office until the next Annual General Meeting.

 

c) According to the Articles of Association, the General Meeting shall elect a Chairman and a Deputy Chairman among the members of the Board of Directors.

The Board of Directors proposes that Claus Aagaard is re-elected as Chairman of the Board of Directors and that Carsten J. Reinhardt is re-elected as Deputy Chairman of the Board of Directors.

 

d) The Board of Directors proposes that the Board of Directors are mandated to increase the remuneration of the members of the Board of Directors in accordance with the merit increase practice for Danish-based employees.

The Board of Directors proposes that the members of the committees appointed by the Board of Directors of Grundfos Holding A/S be remunerated in accordance with the usual practice.

 

The Board of Directors proposes that the members of the Board of Directors of Grundfos Holding A/S have the right to participate in the Grundfos Employee Share Plan 2026.

 

7. Election of auditor

According to the Articles of Association, the auditor shall be elected at the Annual General Meeting for one year at the time.

The Board of Directors proposes that EY Godkendt Revisionspartnerselskab, Company Registration Number (CVR) 30700228, c/o PO Box 250, Dirch Passers Allé 36, 2000 Frederiksberg, Denmark, is elected as statutory company auditors for the financial year 2026.

 

8. Election of sustainability auditor

In accordance with the Corporate Sustainability Reporting Directive (CSRD), a sustainability auditor must be elected at the annual general meeting.

The Board of Directors proposes that EY Godkendt Revisionspartnerselskab, Company Registration Number (CVR) 30700228, c/o PO Box 250, Dirch Passers Allé 36, 2000 Frederiksberg, Denmark, is elected as statutory company sustainability auditors for the financial year 2026.

 

9. Approval of the Grundfos Employee Share Plan 2026

The Board of Directors proposes that the Grundfos Employee Share Plan 2026 is approved, and that the Board of Directors is authorized to implement and administer the share plan in accordance with its terms.

 

10. Authorization of the Board of Directors to acquire the company's own shares

The Board of Directors proposes that the Board of Directors is authorized over the next 5 years to allow the company to acquire, in addition to and accumulative with previous authorizations granted, up to 700,000 of its own shares of nominal value of DKK 10 for each share at the price in force at the time of the acquisition, as determined in accordance with annex A of the Articles of Association of the company. The authorization shall be used for the Grundfos Employee Share Plan 2026 and Long-Term Incentive Program. The authorization is on top of and accumulative with the previous authorizations granted, to the extent that these have not expired.

 

11. The Board of Directors, their work and Corporate Governance

The Chairman of the Board of Directors will inform about the general work of the Board of Directors and the collaboration within the Board of Directors and between the Board of Directors and Executive Board.

 

12. Any other business

 

*****

 

Shareholders who wish to attend the Annual General Meeting, in person or electronically, must confirm their attendance.

For attendance (whether electronically or physically), the shareholders must log into the Grundfos Holding A/S Shareholder Portal here and complete the attendance form in “My tasks” on the left side of the screen. Alternatively, an attendance form can be requested from the Legal department at legal@grundfos.com.

Electronic attendance at the General Meeting takes place through the webpage www.meetnow.global using a computer, tablet, or smartphone. After login, it is possible to follow a live webcast of the General Meeting as well as ask questions or cast a vote in real-time. A link to a guide for participation can be found here.

For practical reasons, the completed attendance form shall be received no later than 24 February 2026 at 14:00 CET.

Shareholders shall pay their own costs for transport and accommodation related to the physical attendance at the Annual General Meeting. No costs will be reimbursed by Grundfos.

For participation (whether electronically or physically), each shareholder is responsible for ensuring that one has a computer, tablet, or smartphone with a web browser and that one has an adequate and functioning internet connection available at the time of the General Meeting.

Copy of the audited annual report for the financial year 2025 for Grundfos Holding A/S, the agenda of meeting and the complete proposals are available for inspection at Grundfos Holding A/S’ registered office at Poul Due Jensens Vej 7, 8850 Bjerringbro, Denmark, and on the company’s homepage www.grundfos.com

 

On behalf of the Board of Directors of Grundfos Holding A/S

Claus Aagaard

Chairman of the Board of Directors