ECGS notes that as a result of the Covid-19 pandemic the EGM will be held as an electronic meeting only. Consequently, it will not be possible to attend the EGM in person.

In general, Atlas Copco is in compliance with the Swedish regulations relating to the organisation and procedures of the EGM.

Under ITEM 6 the board of directors proposes to distribute an extraordinary dividend of SEK 3.50 per share. ECGS notes that Atlas Copco decided to reduce its initially intended dividend per share from SEK 7.00 to SEK 3.50 at the AGM 2020 in light of the Covid-19 pandemic. Taking the (proposed) extraordinary dividend per share of SEK 3.50 into consideration, the Company intends to reinstate its originally intended dividend of SEK 7.00 per share. As such it is proposed to increase the aggregate dividend per share from SEK 6.30 to SEK 7.00 (+11%). The (proposed) dividend is covered by FCF as well as in accordance with the Company¶s dividend policy. ECGS furthermore notes that Atlas Copco¶s (financial) results to date of this report, although somewhat deteriorated (EPS Q3-end 2020: SEK 8.71 vs EPS Q3-end 2019: SEK 10.05 and revenues were down by 3%) are sufficiently healthy to warrant the (proposed) extraordinary dividend payment. In view of the above, ECGS recommends to vote FOR.