Tax dispute settled


Company Announcement to the Danish Financial Supervisory Authority
No. 7-2009, 1 May 2009

The National Tax Tribunal has decided in favour of FLSmidth & Co.
A/S, agreeing that the company's permanent establishment in the UK
ceased before 31 December 2004.

This means that a tax loss of some DKK 0.9bn can be carried forward
under Danish joint taxation. The tax value of the unutilised loss
amounts to some DKK 230m and will consequently be recognised as a tax
asset (see the FLSmidth & Co. A/S 2008 consolidated financial
statements, note 20).

In accordance with Section 49 of the Danish Tax Administration Act,
the Minister for Taxation may appeal cases settled by the National
Tax Tribunal to the courts within three months after the Tribunal
settled the case.



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Please address any questions regarding this announcement to Poul Erik
Tofte, Group Chief Financial Officer, FLSmidth & Co. A/S at +45 36 18
18 00.

For further information about FLSmidth, please visit
www.flsmidth.com.


Yours faithfully

Pernille Friis Andersen
Corporate Communications & Investor Relations

Attachments

Link to PDF version.pdf