Atlas Copco AB announces Results of Tender Offer in respect of its

€500,000,000 2.500 per cent. Notes due 28 February 2023

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE UNITED STATES) OR TO ANY U.S. PERSON OR IN OR INTO ANY OTHER JURISDICTION OR TO ANY OTHER PERSON WHERE OR TO WHOM IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

4 February 2022.  Atlas Copco AB (the Company) announces today the results of its invitation to holders of the outstanding €500,000,000 2.500 per cent. Notes due 28 February 2023 (ISIN: XS0896144655) (the Notes), issued by the Company, to tender any and all of their Notes for purchase by the Company for cash (such invitation the Offer).

The Offer was announced on 28 January 2022, and was made on the terms and subject to the conditions contained in the tender offer memorandum dated 28 January 2022 (the Tender Offer Memorandum) prepared by the Company. Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.

The Expiration Deadline for the Offer was 4.00 p.m. (London time) on 3 February 2022.

As at the Expiration Deadline, €186,165,000 in aggregate nominal amount of the Notes had been validly tendered pursuant to the Offer. The Company will, subject to satisfaction or waiver of the New Financing Condition on or prior to the Settlement Date, accept for purchase all validly tendered Notes in full. Following settlement of the Offer, €313,835,000 in aggregate nominal amount of the Notes will remain outstanding.

A summary of the final pricing and acceptance of the Offer appears below:

Subject to satisfaction or waiver of the New Financing Condition, the Settlement Date in respect of those Notes accepted for purchase pursuant to the Offer is expected to be 8 February 2022.  The Company will also pay an Accrued Interest Payment in respect of Notes accepted for purchase pursuant to the Offer.

BNP Paribas and Skandinaviska Enskilda Banken AB (publ) are acting as Dealer Managers for the Offer and Lucid Issuer Services Limited is acting as Tender Agent.

This announcement is released by the Company and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), encompassing information relating to the Offer described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Daniel Althoff, Vice President: Investor Relations, Company Secretary at the Company.

DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum.  No offer or invitation to acquire any securities is being made pursuant to this announcement.  The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law.  Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Company, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions.