Bang & Olufsen

Transaction in Own Shares • Mar 25, 2019

Bang & Olufsen A/S – share buyback programme

On 3 September 2018, Bang & Olufsen initiated a share buyback programme in accordance with article 5 of the regulation (EU) no. 596/2014 of 16 April 2014 on market abuse and the delegated regulation (EU) no. 2016/1052 of 8 March 2016, also referred to as the Safe Harbor rules.

Under the share buyback programme, which runs from 3 September 2018 and will end no later than 31 December 2019, Bang & Olufsen intends to buy back shares for an amount of up to DKK 485 million.

The following transactions have been made under the program in the period 18 March 2019 – 22 March 2019:

	No. of shares	Average purchase price (DKK)	Transaction value (DKK)
Total previous announcement	2,170,449	117.48	254,988,222
18 March 2019	15,000	90.44	1,356,600
19 March 2019	16,000	89.67	1,434,720
20 March 2019	17,000	88.89	1,511,130
21 March 2019	17,000	87.21	1,482,570
22 March 2019	18,000	84.88	1,527,840
Total this period	83,000	88.11	7,312,860
Accumulated under the
programme	2,253,449	116.40	262,301,082

Following the above transactions, Bang & Olufsen holds a total of 2,363,439 own shares corresponding to 5.5 % of the total share capital and the total voting rights in the company.

For further information, please contact: Sr. Director, Global Finance & SDO, Malene Richter Christensen, tel.: +45 29741609.

Information about the individual trades under the program in the period 18 March – 22 March 2019:

Volume	Price	Venue	Time CET
250	91,5	XCSE	20190318 9:04:37.072993
500	91,2	XCSE	20190318 9:04:37.139709
500	91	XCSE	20190318 9:04:57.257981
250	91	XCSE	20190318 9:17:19.121429
250	90,5	XCSE	20190318 9:30:27.100589
143	90,2	XCSE	20190318 9:47:42.985842
107	90,2	XCSE	20190318 9:53:20.121663
500	90,2	XCSE	20190318 10:47:52.420942
208	90	XCSE	20190318 10:48:10.939855
72	90	XCSE	20190318 10:48:10.939892
144	90	XCSE	20190318 10:48:10.939936
76	90	XCSE	20190318 10:48:10.939979
480	90	XCSE	20190318 10:48:10.948816
20	90	XCSE	20190318 10:48:10.948864
157	90	XCSE	20190318 10:48:10.956383
200	90	XCSE	20190318 10:48:10.957518
143	90	XCSE	20190318 10:48:10.970588
145	90,6	XCSE	20190318 12:56:30.681996
54	90,6	XCSE	20190318 12:56:30.681996
264	90,6	XCSE	20190318 12:56:30.681996
20	90,6	XCSE	20190318 12:56:30.681996
517	90,6	XCSE	20190318 12:56:30.682065
181	90,4	XCSE	20190318 13:00:30.436273
7	90,6	XCSE	20190318 13:28:49.727387
270	90,6	XCSE	20190318 13:28:49.727387
33	90,6	XCSE	20190318 13:28:49.727387
438	90,6	XCSE	20190318 13:40:59.014616
252	90,6	XCSE	20190318 13:45:34.138337
250	90,5	XCSE	20190318 14:04:25.006250
750	90,5	XCSE	20190318 14:04:25.006250
69	90,4	XCSE	20190318 14:05:30.170975
250	90,4	XCSE	20190318 14:05:59.008063
250	90,4	XCSE	20190318 14:06:59.008369
166	90,6	XCSE	20190318 15:02:36.132229
113	90,6	XCSE	20190318 15:06:15.279803
221	90,6	XCSE	20190318 15:06:19.648557
146	90,5	XCSE	20190318 15:16:17.535476
354	90,5	XCSE	20190318 15:16:17.535505
41	90,4	XCSE	20190318 15:32:45.141531
209	90,4	XCSE	20190318 15:32:46.624291
200	90,3	XCSE	20190318 15:34:05.137057
177	90,3	XCSE	20190318 15:34:05.137116
423	90,3	XCSE	20190318 15:34:05.137142
37	90,3	XCSE	20190318 15:34:05.137166
163	90,3	XCSE	20190318 15:34:05.137201
19	90,4	XCSE	20190318 15:49:48.560191

37	90,4	XCSE	20190318 15:49:48.560191
29	90,4	XCSE	20190318 15:49:48.560191
31	90,4	XCSE	20190318 15:49:48.587488
56	90,4	XCSE	20190318 15:52:04.996515
36	90,4	XCSE	20190318 16:01:01.863659
6	90,4	XCSE	20190318 16:01:37.865021
6	90,4	XCSE	20190318 16:04:08.409753
280	90,4	XCSE	20190318 16:04:08.409990
180	90,4	XCSE	20190318 16:32:55.608907
70	90,4	XCSE	20190318 16:32:55.732336
180	90,4	XCSE	20190318 16:32:55.732336
250	90,4	XCSE	20190318 16:33:03.894309
70	90,4	XCSE	20190318 16:33:03.894353
250	90,4	XCSE	20190318 16:33:03.894379
312	90,3	XCSE	20190318 16:34:10.881304
1688	90,3	XCSE	20190318 16:37:22.309745
250	90,2	XCSE	20190318 16:37:27.595378
170	90,2	XCSE	20190318 16:37:27.618842
80	90,2	XCSE	20190318 16:37:27.621117
65	90,2	XCSE	20190318 16:38:25.872372
446	90,4	XCSE	20190318 16:43:16.423260
250	90,4	XCSE	20190318 16:43:16.423260
31	90,4	XCSE	20190318 16:43:16.833161
208	90,4	XCSE	20190318 16:43:22.623209
500	89,3	XCSE	20190319 9:06:07.861160
500	89	XCSE	20190319 9:06:07.861160
38	89,2	XCSE	20190319 10:34:25.059836
190	89,2	XCSE	20190319 10:34:25.059836
272	89,2	XCSE	20190319 10:34:25.059836
500	89,3	XCSE	20190319 11:47:57.764810
410	89,5	XCSE	20190319 11:59:07.135523
288	89,7	XCSE	20190319 12:40:09.692732
129	89,7	XCSE	20190319 12:40:09.692732
54	89,7	XCSE	20190319 12:40:09.692732
29	89,7	XCSE	20190319 13:00:56.452588
303	89,7	XCSE	20190319 13:00:56.457174
197	89,7	XCSE	20190319 13:00:56.457214
474	90	XCSE	20190319 13:19:50.072961
26	90	XCSE	20190319 13:19:50.072961
200	90	XCSE	20190319 13:20:09.362097
300	90	XCSE	20190319 13:20:09.362097
500	89,6	XCSE	20190319 13:38:43.264065
90	89,5	XCSE	20190319 13:47:41.059054
500	89,5	XCSE	20190319 13:47:41.059054
1000	89,6	XCSE	20190319 13:54:50.483718
31	89,8	XCSE	20190319 14:14:07.121968
278	89,8	XCSE	20190319 14:14:07.122041
12	90	XCSE	20190319 14:25:17.080608
488	90	XCSE	20190319 14:25:17.080608

50	90,4	XCSE	20190319 14:41:13.514578
450	90,4	XCSE	20190319 14:41:13.514578
152	90,4	XCSE	20190319 14:56:09.388000
61	90,3	XCSE	20190319 14:58:09.389000
100	90,3	XCSE	20190319 15:01:13.414000
21	90,3	XCSE	20190319 15:01:13.414000
184	90,2	XCSE	20190319 15:04:07.443000
614	89,9	XCSE	20190319 15:04:16.234000
72	89,6	XCSE	20190319 15:11:22.171000
103	89,6	XCSE	20190319 15:11:22.171000
201	89,6	XCSE	20190319 15:32:46.284000
1026	89,6	XCSE	20190319 15:32:46.284000
244	89,5	XCSE	20190319 15:53:30.117000
504	89,5	XCSE	20190319 16:23:39.930000
68	89,3	XCSE	20190319 16:24:22.056000
97	89,3	XCSE	20190319 16:32:40.789000
348	89,5	XCSE	20190319 16:37:31.908000
104	89,5	XCSE	20190319 16:37:31.908000
71	89,7	XCSE	20190319 16:40:32.940000
100	89,7	XCSE	20190319 16:42:27.855818
100	89,7	XCSE	20190319 16:44:53.153568
100	89,7	XCSE	20190319 16:44:53.174166
460	89,7	XCSE	20190319 16:44:53.174206
100	89,7	XCSE	20190319 16:44:53.176578
100	89,7	XCSE	20190319 16:45:16.945865
1430	89,7	XCSE	20190319 16:45:16.945865
100	89,7	XCSE	20190319 16:45:43.495164
1731	89,7	XCSE	20190319 16:45:43.495164
104	88,8	XCSE	20190320 9:06:23.126520
146	88,8	XCSE	20190320 9:06:23.126552
23	88,6	XCSE	20190320 9:31:17.395504
500	88,8	XCSE	20190320 9:38:33.128035
280	88,8	XCSE	20190320 9:48:25.928103
256	89	XCSE	20190320 10:11:25.393671
11	89	XCSE	20190320 10:11:25.393671
500	89	XCSE	20190320 10:11:25.393671
120	89	XCSE	20190320 10:11:25.393671
113	89	XCSE	20190320 10:11:25.393671
55	88,9	XCSE	20190320 10:11:25.416952
195	88,9	XCSE	20190320 10:11:25.417000
947	88,8	XCSE	20190320 10:13:26.044390
500	88,9	XCSE	20190320 11:51:47.262287
114	89	XCSE	20190320 12:26:13.004612
256	89	XCSE	20190320 12:26:13.004612
130	89	XCSE	20190320 12:26:13.004612
250	89	XCSE	20190320 12:40:50.226887
350	89,5	XCSE	20190320 13:09:24.811264
91	89,5	XCSE	20190320 13:17:40.400828
59	89,5	XCSE	20190320 13:17:40.401016

750	89,2	XCSE	20190320 13:28:17.269210
250	89,2	XCSE	20190320 13:28:17.269210
500	89,2	XCSE	20190320 13:45:58.615859
127	89,2	XCSE	20190320 13:45:58.615859
250	89,4	XCSE	20190320 14:08:16.452973
250	89,4	XCSE	20190320 14:08:27.950882
250	89,4	XCSE	20190320 14:16:38.697053
250	89,4	XCSE	20190320 14:16:38.697053
435	89,3	XCSE	20190320 14:25:17.160676
565	89,3	XCSE	20190320 14:25:17.160700
500	89,2	XCSE	20190320 14:28:46.122314
419	89,2	XCSE	20190320 14:33:40.164869
38	89,2	XCSE	20190320 14:36:42.563201
43	89,2	XCSE	20190320 14:38:16.784366
373	89,2	XCSE	20190320 14:38:16.784366
500	89	XCSE	20190320 15:08:03.045893
45	88,8	XCSE	20190320 15:13:59.382229
455	88,8	XCSE	20190320 15:37:41.116725
420	88,8	XCSE	20190320 15:56:31.668403
80	88,8	XCSE	20190320 15:56:31.668464
200	88,6	XCSE	20190320 16:08:32.111086
800	88,6	XCSE	20190320 16:09:47.234210
182	88,6	XCSE	20190320 16:13:18.108934
318	88,6	XCSE	20190320 16:13:18.128827
500	88,5	XCSE	20190320 16:13:18.132055
166	88,4	XCSE	20190320 16:13:22.097310
334	88,4	XCSE	20190320 16:13:22.097342
200	88,6	XCSE	20190320 16:22:51.295439
300	88,6	XCSE	20190320 16:22:52.369241
1000	88,4	XCSE	20190320 16:39:32.681302
90	88,3	XCSE	20190320 16:39:35.342098
280	88,3	XCSE	20190320 16:39:35.342124
130	88,3	XCSE	20190320 16:39:35.342130
304	88,5	XCSE	20190320 16:43:07.113047
249	88,5	XCSE	20190320 16:43:20.130541
447	88,5	XCSE	20190320 16:43:20.130564
449	88,2	XCSE	20190321 9:12:37.129632
51	88,2	XCSE	20190321 9:15:32.766736
500	88,4	XCSE	20190321 9:39:42.794815
318	88,3	XCSE	20190321 10:05:27.804139
182	88,3	XCSE	20190321 10:05:27.804189
449	88,3	XCSE	20190321 10:32:50.108491
51	88,3	XCSE	20190321 10:36:11.473066
352	88,4	XCSE	20190321 10:52:34.816772
74	88,4	XCSE	20190321 10:52:34.816772
74	88,4	XCSE	20190321 10:52:34.828982
467	88,2	XCSE	20190321 11:03:57.524925
33	88,2	XCSE	20190321 11:03:57.524978
230	88	XCSE	20190321 11:51:52.129990

202	88	XCSE	20190321 12:02:07.396216
68	88	XCSE	20190321 12:07:56.100311
500	87,8	XCSE	20190321 12:16:41.704580
1000	87,5	XCSE	20190321 12:17:18.846562
16	87,4	XCSE	20190321 12:47:09.010000
271	87,2	XCSE	20190321 12:48:40.443309
229	87,2	XCSE	20190321 12:48:40.443312
500	87	XCSE	20190321 12:48:40.445697
179	87	XCSE	20190321 12:56:12.124000
136	86,6	XCSE	20190321 13:05:12.231000
33	86,6	XCSE	20190321 13:05:12.255000
332	86,9	XCSE	20190321 13:36:32.915000
288	86,8	XCSE	20190321 13:45:07.647000
357	86,8	XCSE	20190321 13:45:31.038080
143	86,8	XCSE	20190321 13:45:31.038109
16	86,8	XCSE	20190321 13:45:55.112448
500	86,6	XCSE	20190321 13:50:29.273528
169	86,5	XCSE	20190321 13:51:11.982141
202	86,5	XCSE	20190321 13:51:38.061940
129	86,5	XCSE	20190321 13:53:33.881764
205	86,4	XCSE	20190321 14:28:36.900881
203	86,4	XCSE	20190321 14:50:00.159391
92	86,4	XCSE	20190321 14:56:13.116900
176	86,5	XCSE	20190321 15:19:46.189673
324	86,5	XCSE	20190321 15:20:49.701362
16	86,5	XCSE	20190321 15:31:41.320000
204	86,4	XCSE	20190321 15:32:21.118000
621	86,5	XCSE	20190321 15:37:58.820608
379	86,5	XCSE	20190321 15:37:58.820608
516	86,5	XCSE	20190321 15:46:07.454000
182	86,4	XCSE	20190321 15:48:13.166000
230	87	XCSE	20190321 16:07:03.581000
276	87	XCSE	20190321 16:07:03.581000
107	86,9	XCSE	20190321 16:08:37.122000
10	87	XCSE	20190321 16:21:19.730000
506	87	XCSE	20190321 16:21:19.730000
205	86,9	XCSE	20190321 16:23:03.953000
350	86,9	XCSE	20190321 16:23:03.953000
140	86,9	XCSE	20190321 16:23:03.953000
65	86,9	XCSE	20190321 16:23:03.953000
600	86,9	XCSE	20190321 16:23:03.953000
79	86,9	XCSE	20190321 16:23:03.953000
205	86,9	XCSE	20190321 16:23:03.953000
2	86,7	XCSE	20190321 16:27:05.128000
175	86,7	XCSE	20190321 16:27:05.561000
72	86,7	XCSE	20190321 16:27:05.581000
222	86,6	XCSE	20190321 16:29:15.187000
109	86,7	XCSE	20190321 16:34:55.105000
73	86,7	XCSE	20190321 16:34:55.105000

90	86,7	XCSE	20190321 16:38:31.805000
428	86,7	XCSE	20190321 16:38:31.805000
373	86,7	XCSE	20190321 16:40:57.837000
194	86,7	XCSE	20190321 16:40:57.837000
193	86,5	XCSE	20190321 16:41:15.088000
764	86,5	XCSE	20190321 16:41:15.088000
114	86,5	XCSE	20190321 16:44:17.898000
500	87	XCSE	20190322 9:02:50.375019
500	86,8	XCSE	20190322 9:03:08.428014
500	86,2	XCSE	20190322 9:31:36.502917
500	86	XCSE	20190322 9:46:04.466687
500	85,9	XCSE	20190322 10:33:18.193184
500	85,9	XCSE	20190322 10:36:03.963295
500	85,8	XCSE	20190322 10:53:32.760489
250	85,7	XCSE	20190322 10:59:07.368077
500	85,5	XCSE	20190322 11:01:25.001927
500	85,6	XCSE	20190322 11:01:25.001927
500	85,7	XCSE	20190322 11:01:25.001927
250	85,7	XCSE	20190322 11:01:25.001927
500	85,6	XCSE	20190322 12:28:58.815529
750	85,6	XCSE	20190322 12:38:52.707153
250	85,6	XCSE	20190322 12:38:52.707153
500	85,7	XCSE	20190322 12:38:52.707153
106	85,6	XCSE	20190322 12:46:21.663559
394	85,6	XCSE	20190322 12:50:44.854716
500	85,4	XCSE	20190322 13:04:04.113876
198	85,3	XCSE	20190322 13:22:55.343725
302	85,3	XCSE	20190322 13:22:55.343813
500	85	XCSE	20190322 13:35:03.763767
500	85,1	XCSE	20190322 13:39:58.152023
500	85	XCSE	20190322 13:39:58.152023
500	84,8	XCSE	20190322 14:39:09.282696
500	84,7	XCSE	20190322 15:26:18.903117
456	84,6	XCSE	20190322 15:26:27.915925
44	84,6	XCSE	20190322 15:26:27.915948
500	84,4	XCSE	20190322 15:39:32.926993
500	84,2	XCSE	20190322 15:40:02.850043
500	84,3	XCSE	20190322 15:44:55.491044
500	84	XCSE	20190322 15:45:51.050075
500	83,2	XCSE	20190322 16:00:59.970279
500	83	XCSE	20190322 16:02:23.124317
205	83	XCSE	20190322 16:21:18.738745
500	83,2	XCSE	20190322 16:33:51.540612
277	83,2	XCSE	20190322 16:33:51.549600
200	83,2	XCSE	20190322 16:33:51.551338
23	83,2	XCSE	20190322 16:34:13.714534
295	83	XCSE	20190322 16:35:45.891791
1000	83	XCSE	20190322 16:35:45.891910
200	83,2	XCSE	20190322 16:36:53.960447

300 83,2 XCSE 20190322 16:36:53.960472