MUNTERS APPOINTS PRESIDENT INNOVATION

Munters (NASDAQ: MTRS) has appointed Paul Dinnage as President Innovation and Technology.

In this role, Paul will lead the global Core Technology Function for Munters and play a key role in shaping the innovation and technology agenda across Munters. He will do this in close collaboration with the Business Areas, Global Operations and Global Services.

Paul has a wealth of experience and is recognized in the industry as a technology leader. He started with Munters in 1985 as process engineer in the rotor plant in Amesbury, MA. During his career with Munters he has worked in Operations, Engineering and R&D. He has continually worked on researching and developing the outstanding product portfolio the company holds today.

Paul holds a BS in Mechanical engineering from MIT.

Paul will report to the CEO of Munters and will serve as a member of Munters Group Management.

For more information:

John Peter Leesi, CEO Munters Group
Phone: +46 8 626 63 60

John Womack, Investor Relations
Phone: +46 706 782499

About Munters Group

Munters is a global leader in energy efficient air treatment and climate solutions. Using innovative technologies, Munters creates the perfect climate for customers in a wide range of industries, the largest being the food, pharmaceutical and data center sectors. Munters has been defining the future of air treatment since 1955. Today, around 3,500 employees carry out manufacturing and sales in more than 30 countries. Munters reports annual net sales in the region of SEK 6 billion and is listed on Nasdaq Stockholm. For more information, please visit www.munters.com

News release October 9, 2017