Bang & Olufsen

Transaction in Own Shares • Mar 11, 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 04 March 2019 – 08 March 2019:

	No. of shares	Average purchase price (DKK)	Transaction value (DKK)
Total previous announcement	2,019,449	119.26	240,832,492
04 March 2019	16,000	96.98	1,551,680
05 March 2019	15,000	95.80	1,437,000
06 March 2019	15,000	96.52	1,447,800
07 March 2019	15,000	95.71	1,435,650
08 March 2019	15,000	93.67	1,405,050
Total this period	76,000	95.75	7,277,180
Accumulated under the
programme	2,095,449	118.40	248,109,672

Following the above transactions, Bang & Olufsen holds a total of 2,205,439 own shares corresponding to 5.1 % 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 04 March – 08 March 2019:

Volume	Price	Venue	Time CET
15	97.7	XCSE	20190304 9:08:11.269000
159	97.5	XCSE	20190304 9:08:58.037000
171	97.2	XCSE	20190304 9:09:05.602000
16	96.9	XCSE	20190304 9:41:47.811000
80	96.9	XCSE	20190304 9:48:26.886000
126	96.9	XCSE	20190304 9:51:09.969000
328	96.6	XCSE	20190304 9:51:57.062000
23	96.6	XCSE	20190304 9:51:57.062000
86	96.6	XCSE	20190304 9:51:57.087000
14	96.6	XCSE	20190304 9:52:08.009000
6	96.5	XCSE	20190304 9:52:49.644000
6	96.5	XCSE	20190304 9:53:10.645000
6	96.5	XCSE	20190304 9:53:36.647000
433	97	XCSE	20190304 10:07:40.594000
209	96.6	XCSE	20190304 10:19:39.094000
441	96.6	XCSE	20190304 10:19:39.094000
206	96.5	XCSE	20190304 10:31:57.641000
47	96.2	XCSE	20190304 10:34:30.183000
11	96.2	XCSE	20190304 10:40:38.813000
114	96.2	XCSE	20190304 10:40:38.813000
353	96.1	XCSE	20190304 10:43:22.936000
44	96.4	XCSE	20190304 10:59:12.249000
269	96.4	XCSE	20190304 10:59:12.249000
269	96.4	XCSE	20190304 10:59:12.429000
316	96.4	XCSE	20190304 10:59:12.429000
280	96.4	XCSE	20190304 11:48:54.361000
2	96.4	XCSE	20190304 11:48:54.361000
470	96.4	XCSE	20190304 11:48:54.361000
110	96.4	XCSE	20190304 11:48:54.533000
30	97.2	XCSE	20190304 12:15:33.191000
178	97.2	XCSE	20190304 12:15:33.191000
119	96.8	XCSE	20190304 12:20:28.126000
89 152	96.8 97.2	XCSE XCSE	20190304 12:34:24.640000 20190304 13:56:20.497000
258	97	XCSE	20190304 14:53:27.138000
39	97	XCSE	20190304 14:53:27.139000
350	97	XCSE	20190304 14:55:48.493501
276	97	XCSE	20190304 14:55:48.493501
544	97	XCSE	20190304 14:55:48.493501
167	97	XCSE	20190304 14:55:48.531859
125	97.1	XCSE	20190304 14:56:12.142000
180	97.3	XCSE	20190304 15:07:35.203000
100	97.5	XCSE	20190304 15:18:53.117814
1783	97.5	XCSE	20190304 15:18:53.117814
95	97.6	XCSE	20190304 15:46:17.789000
93	97.6	XCSE	20190304 15:46:17.789000

188	97.3 XCSE	20190304 15:58:03.167000
1405	97.3 XCSE	20190304 15:58:03.167000
217	97.2 XCSE	20190304 16:35:35.269000
288	96.9 XCSE	20190304 16:36:44.027000
140	96.9 XCSE	20190304 16:36:44.027000
21	96.9 XCSE	20190304 16:36:44.027000
270	96.9 XCSE	20190304 16:37:03.275000
179	96.9 XCSE	20190304 16:37:03.275000
460	96.9 XCSE	20190304 16:37:03.275000
265	96.9 XCSE	20190304 16:37:03.275000
166	96.9 XCSE	20190304 16:38:01.810000
102	96.9 XCSE	20190304 16:44:19.985000
46	96.9 XCSE	20190304 16:44:20.005000
126	97 XCSE	20190304 16:44:28.275000
813	97 XCSE	20190304 16:44:28.275000
102	97 XCSE	20190304 16:44:28.302000
56	97 XCSE	20190304 16:44:28.302000
56	97 XCSE	20190304 16:44:28.302000
280	97 XCSE	20190304 16:44:28.973000
5	97.1 XCSE	20190304 16:46:39.040617
72	97.1 XCSE	20190304 16:46:39.040617
363	97.1 XCSE	20190304 16:46:39.040617
151	97.1 XCSE	20190304 16:46:39.040617
1041	97.1 XCSE	20190304 16:46:49.817089
157	97.3 XCSE	20190305 9:03:01.824000
156	96.4 XCSE	20190305 9:15:33.726000
38	97.1 XCSE	20190305 9:57:06.875000
442	97.1 XCSE	20190305 9:57:06.875000
178	97.1 XCSE	20190305 9:57:06.875000
442	97.1 XCSE	20190305 9:57:06.875000
291	97.1 XCSE	20190305 9:57:06.875000
11	96.6 XCSE	20190305 10:00:05.354000
46	96.6 XCSE	20190305 10:00:08.529000
50	96.6 XCSE	20190305 10:19:17.725000
72	96.6 XCSE	20190305 10:29:42.021000
191	96.6 XCSE	20190305 10:45:54.241000
191	96.5 XCSE	20190305 10:59:57.395000
159	96.5 XCSE	20190305 10:59:57.395000
191	96.5 XCSE	20190305 10:59:57.395000
191	96.5 XCSE	20190305 10:59:57.400000
73	96.5 XCSE	20190305 10:59:57.402000
118	96.5 XCSE	20190305 10:59:57.402000
191	96.5 XCSE	20190305 10:59:57.415000
128	96.5 XCSE	20190305 11:00:00.911000
20	96.4 XCSE	20190305 11:01:06.247000
271	96.4 XCSE	20190305 11:01:13.753000
57	96.4 XCSE	20190305 11:01:13.753000
158	96.3 XCSE	20190305 11:15:40.325000
161	96.2 XCSE	20190305 11:25:47.310000

161	96.2	XCSE	20190305 12:15:48.141000
30	96.2	XCSE	20190305 12:15:48.258000
15	96.3	XCSE	20190305 12:22:01.066000
52	96.3	XCSE	20190305 12:47:38.803000
289	96.3	XCSE	20190305 12:47:38.803000
102	96.3	XCSE	20190305 12:47:38.803000
19	96.3	XCSE	20190305 12:47:38.803000
167	96.1	XCSE	20190305 12:54:31.351000
169	95.8	XCSE	20190305 13:10:29.161000
162	95.5	XCSE	20190305 13:12:27.203000
159	95.1	XCSE	20190305 13:20:05.390000
6	95.1	XCSE	20190305 13:35:49.930000
199	95.1	XCSE	20190305 13:36:26.111000
166	95.1	XCSE	20190305 13:45:05.443000
160	95.1	XCSE	20190305 13:54:35.481000
500	95	XCSE	20190305 13:56:35.501942
63	95.1	XCSE	20190305 14:08:35.129000
139	95.1	XCSE	20190305 14:08:35.129000
186	95	XCSE	20190305 14:39:10.767000
548	95.1	XCSE	20190305 14:53:08.491000
352	95.1	XCSE	20190305 14:53:08.491000
100	95.1	XCSE	20190305 14:53:08.491239
100	95.1	XCSE	20190305 14:53:13.316000
100	95.1	XCSE	20190305 14:53:13.316171
102	95.1	XCSE	20190305 14:53:26.524000
252	95.1	XCSE	20190305 14:53:26.524000
346	95.1	XCSE	20190305 14:53:26.524341
100	95.1	XCSE	20190305 14:53:26.524341
163	95.2	XCSE	20190305 14:58:15.225000
100	95.1	XCSE	20190305 14:58:27.306287
120	95.1	XCSE	20190305 14:58:27.306287
100	95.1	XCSE	20190305 15:00:55.357016
34	95.1	XCSE	20190305 15:00:55.357016
192	95.3	XCSE	20190305 15:12:50.430000
211	95.3	XCSE	20190305 15:12:50.620000
170	95.4	XCSE	20190305 15:18:52.244000
220	95.1	XCSE	20190305 15:25:44.184604
220	95.1	XCSE	20190305 15:28:10.057419
159	95.1	XCSE	20190305 15:30:36.125000
60	95.1	XCSE	20190305 15:30:36.125428
175	95.1	XCSE	20190305 15:33:02.152000
189	95.5	XCSE	20190305 15:49:37.500000
195	95.3	XCSE	20190305 15:50:53.818000
19	95.3	XCSE	20190305 15:50:53.818000
175	95.4	XCSE	20190305 16:08:28.921000
219	95.7	XCSE	20190305 16:17:38.676000
219	95.8	XCSE	20190305 16:20:04.627000
319	95.8	XCSE	20190305 16:20:28.728000
350	95.8	XCSE	20190305 16:20:28.728000

482	95.8	XCSE	20190305 16:20:28.748000
56	95.8	XCSE	20190305 16:20:28.748000
112	95.8	XCSE	20190305 16:20:28.750000
174	95.8	XCSE	20190305 16:24:10.544000
1000	95.7	XCSE	20190305 16:24:27.353589
740	95.9	XCSE	20190305 16:36:58.064286
100	95.9	XCSE	20190305 16:36:58.064286
350	95.8	XCSE	20190306 10:38:47.477101
11	95.8	XCSE	20190306 10:38:47.477101
192	95.8	XCSE	20190306 10:38:47.477101
115	95.8	XCSE	20190306 10:38:57.887256
248	95.8	XCSE	20190306 10:39:00.610302
385	95.8	XCSE	20190306 10:39:00.610302
29	95.8	XCSE	20190306 10:39:02.069864
6	95.8	XCSE	20190306 10:43:49.257053
6	95.8	XCSE	20190306 10:44:15.258459
6	95.8	XCSE	20190306 10:44:41.262503
23	95.8	XCSE	20190306 10:45:01.998547
25	95.8	XCSE	20190306 10:45:23.198017
6	95.8	XCSE	20190306 10:45:54.201026
399	95.8	XCSE	20190306 10:45:54.201057
199	95.8	XCSE	20190306 10:45:54.201123
24	96	XCSE	20190306 11:57:26.627362
6	96	XCSE	20190306 11:59:21.635730
11	96.1	XCSE	20190306 12:41:27.808903
239	96.1	XCSE	20190306 12:42:09.073791
22	96.1	XCSE	20190306 12:45:04.332433
228	96.1	XCSE	20190306 12:48:39.002826
462	96.1	XCSE	20190306 12:48:39.002826
38	96.1	XCSE	20190306 13:03:49.292937
170	96	XCSE	20190306 13:05:18.125641
150	95.9	XCSE	20190306 13:11:40.125290
50	95.9	XCSE	20190306 13:11:40.125347
7	95.9	XCSE	20190306 13:12:24.359819
193	95.9	XCSE	20190306 13:12:24.359871
81	95.9	XCSE	20190306 13:12:24.989887
200	95.9	XCSE	20190306 13:12:24.989887
200	95.9	XCSE	20190306 13:18:04.468410
52	95.9	XCSE	20190306 13:18:04.468410
350	96.2	XCSE	20190306 13:35:49.221988
576	96.2	XCSE	20190306 13:35:49.221988
250	96.8	XCSE	20190306 14:02:31.130628
250	96.8	XCSE	20190306 14:22:25.414032
10	96.8	XCSE	20190306 14:22:27.437865
250	96.8	XCSE	20190306 14:22:27.437865
250	97.2	XCSE	20190306 14:54:23.496190
710	97.2	XCSE	20190306 14:54:23.496190
250	97.2	XCSE	20190306 14:54:23.496383
250	97.2	XCSE	20190306 14:54:23.629065

250	97.2	XCSE	20190306 15:27:14.654503
500	97.2	XCSE	20190306 15:27:14.654503
250	97.2	XCSE	20190306 15:27:14.674969
30	97.2	XCSE	20190306 15:27:14.675035
250	97.2	XCSE	20190306 15:27:14.675056
200	96.3	XCSE	20190306 15:42:09.425157
200	96.3	XCSE	20190306 15:42:09.425258
200	96.3	XCSE	20190306 15:42:46.639941
200	96.3	XCSE	20190306 15:42:46.821511
430	96.3	XCSE	20190306 15:42:46.821562
200	96.3	XCSE	20190306 15:42:46.821642
70	96.3	XCSE	20190306 15:42:56.843257
249	96.2	XCSE	20190306 15:44:06.111722
200	96.5	XCSE	20190306 16:28:56.880986
10	96.5	XCSE	20190306 16:32:37.140476
290	96.5	XCSE	20190306 16:32:37.161104
130	96.5	XCSE	20190306 16:32:37.161174
200	96.5	XCSE	20190306 16:32:37.161188
12	96.5	XCSE	20190306 16:32:37.161210
100	96.5	XCSE	20190306 16:32:37.161210
112	96.5	XCSE	20190306 16:32:37.161230
87	96.5	XCSE	20190306 16:32:37.180683
33	96.5	XCSE	20190306 16:32:37.184653
180	96.5	XCSE	20190306 16:32:37.185631
68	96.5	XCSE	20190306 16:32:37.188192
183	96.5	XCSE	20190306 16:32:37.273998
49	96.5	XCSE	20190306 16:32:37.306092
296	96.5	XCSE	20190306 16:32:41.647094
4	96.5	XCSE	20190306 16:32:41.647137
2	96.5	XCSE	20190306 16:32:41.647173
191	96.5	XCSE	20190306 16:32:45.245686
109	96.5	XCSE	20190306 16:32:45.245726
438	96.5	XCSE	20190306 16:32:45.245788
300	97.1	XCSE	20190306 16:42:56.818883
1698	97.1	XCSE	20190306 16:42:56.818883
200	96.1	XCSE	20190307 10:05:23.503382
38	96.1	XCSE	20190307 10:05:23.503382
81	96.1	XCSE	20190307 10:05:25.591840
200	96.1	XCSE	20190307 10:05:25.591840
200	96.1	XCSE	20190307 10:11:21.318064
94	96.1	XCSE	20190307 10:11:21.318064
187	96.1	XCSE	20190307 10:11:24.649285
200	96	XCSE	20190307 10:19:24.723872
600	96	XCSE	20190307 10:19:24.723904
350	96	XCSE	20190307 10:19:24.723943
200	96	XCSE	20190307 10:19:24.729002
150	96	XCSE	20190307 10:19:24.731564
100	95.5	XCSE	20190307 10:27:11.350374
100	95.5	XCSE	20190307 10:27:23.115631

100	95.5 XCSE	20190307 10:27:23.115674
74	95.5 XCSE	20190307 10:33:51.337392
26	95.5 XCSE	20190307 10:34:44.035591
79	95.5 XCSE	20190307 10:34:44.035591
100	95.7 XCSE	20190307 12:03:26.958339
100	95.7 XCSE	20190307 12:10:48.198064
121	95.7 XCSE	20190307 12:13:21.409551
100	95.7 XCSE	20190307 12:13:21.409551
100	95.7 XCSE	20190307 12:25:11.645223
81	95.7 XCSE	20190307 12:27:21.317943
19	95.7 XCSE	20190307 12:30:36.742486
100	95.7 XCSE	20190307 12:30:36.745235
100	95.7 XCSE	20190307 12:30:36.766920
200	95.9 XCSE	20190307 14:01:15.752709
350	95.9 XCSE	20190307 14:01:15.752798
150	95.9 XCSE	20190307 14:01:15.752854
200	95.9 XCSE	20190307 14:01:15.752854
31	95.9 XCSE	20190307 14:01:15.752872
15	95.9 XCSE	20190307 14:01:15.781767
185	95.9 XCSE	20190307 14:01:15.782733
440	95.9 XCSE	20190307 14:01:15.782766
200	95.9 XCSE	20190307 14:01:16.969829
440	95.9 XCSE	20190307 14:01:16.969869
200	95.9 XCSE	20190307 14:02:02.658708
409	96 XCSE	20190307 14:03:35.077625
34	96 XCSE	20190307 14:03:35.077625
424	96 XCSE	20190307 14:03:35.077625
11	96 XCSE	20190307 14:38:18.163173
89	96 XCSE	20190307 14:38:18.163214
100	96 XCSE	20190307 14:38:18.163325
100	96 XCSE	20190307 14:38:18.183663
12	96 XCSE	20190307 14:38:18.183773
89	95.9 XCSE	20190307 14:42:24.791711
28	95.8 XCSE	20190307 14:42:47.836022
2	95.8 XCSE	20190307 14:42:47.855452
70	95.8 XCSE	20190307 14:42:47.856284
2	95.8 XCSE	20190307 14:42:47.856284
260	95.8 XCSE	20190307 14:42:47.856329
100	95.8 XCSE	20190307 14:42:47.859434
69	95.8 XCSE	20190307 14:42:50.351510
31	95.8 XCSE	20190307 14:42:54.361046
11	95.8 XCSE	20190307 14:42:54.361046
41	95.8 XCSE	20190307 14:44:47.802280
100	95.8 XCSE	20190307 14:44:47.802280
100	95.8 XCSE	20190307 14:45:45.609263
100	95.8 XCSE	20190307 14:45:49.739973
100	95.8 XCSE	20190307 14:45:51.023229
7	95.8 XCSE	20190307 14:47:58.464062
166	95.4 XCSE	20190307 15:28:01.846049

334	95.4	XCSE	20190307 15:29:21.241221
500	95.2	XCSE	20190307 15:30:05.437483
289	95	XCSE	20190307 15:34:11.833489
211	95	XCSE	20190307 15:34:11.839474
500	94.8	XCSE	20190307 15:35:31.035798
426	95.1	XCSE	20190307 15:50:47.190873
74	95.1	XCSE	20190307 15:54:28.112749
50	95.6	XCSE	20190307 16:05:58.045976
260	95.6	XCSE	20190307 16:07:11.127480
174	95.6	XCSE	20190307 16:07:11.155219
16	95.6	XCSE	20190307 16:07:11.179175
500	95.7	XCSE	20190307 16:18:20.879384
500	95.6	XCSE	20190307 16:22:32.735337
16	95.7	XCSE	20190307 16:30:02.790558
28	95.7	XCSE	20190307 16:31:11.295325
11	95.7	XCSE	20190307 16:31:11.295325
294	95.7	XCSE	20190307 16:31:18.267556
206	95.7	XCSE	20190307 16:31:18.267610
172	95.7	XCSE	20190307 16:31:18.287021
206	95.7	XCSE	20190307 16:31:18.287882
122	95.7	XCSE	20190307 16:31:19.088254
1445	95.7	XCSE	20190307 16:31:19.088254
42	94.8	XCSE	20190308 9:24:40.886853
6	94.8	XCSE	20190308 9:25:00.993572
7	94.8	XCSE	20190308 9:25:21.994936
6	94.8	XCSE	20190308 9:25:42.995226
7	94.8	XCSE	20190308 9:26:03.996199
6	94.8	XCSE	20190308 9:26:24.998183
426	94.8	XCSE	20190308 9:26:33.668900
100	94.8	XCSE	20190308 9:57:01.993158
400	94.8	XCSE	20190308 9:57:02.690416
377	94.7	XCSE	20190308 9:57:04.549646
123	94.7	XCSE	20190308 9:57:04.549699
94	94.6	XCSE	20190308 10:37:19.570772
106	94.6	XCSE	20190308 10:42:16.045691
18	94.6	XCSE	20190308 10:43:23.073138
182	94.6	XCSE	20190308 10:48:25.968371
218	94.6	XCSE	20190308 10:48:25.968371
200	94.6	XCSE	20190308 10:51:29.378386
200	94.6	XCSE	20190308 11:10:06.661999
55	94.6	XCSE	20190308 11:10:06.661999
200	94.6	XCSE	20190308 11:10:08.657385
200	94.6	XCSE	20190308 11:10:08.677646
		XCSE
200	94.6	XCSE	20190308 11:10:08.793296
200	94.6	XCSE	20190308 11:14:24.271738
127	94.6	XCSE	20190308 11:14:24.271738
332	94.5		20190308 12:46:30.246303
168	94.5	XCSE	20190308 12:46:30.246333
166	94.4	XCSE	20190308 13:03:27.723885

334	94.4	XCSE	20190308 13:03:27.734937
500	94.3	XCSE	20190308 11:14:24.271738
500	94.2	XCSE	20190308 13:19:25.126014
266	94.1	XCSE	20190308 13:20:45.612533
200	94.1	XCSE	20190308 13:20:45.615437
34	94.1	XCSE	20190308 13:26:29.198719
375	94.1	XCSE	20190308 13:28:10.036604
125	94.1	XCSE	20190308 13:28:43.847917
500	94	XCSE	20190308 13:57:14.214880
500	93.8	XCSE	20190308 14:05:34.063411
282	93.5	XCSE	20190308 14:37:29.720279
218	93.5	XCSE	20190308 14:37:53.036618
500	93.2	XCSE	20190308 14:38:41.055946
500	93.1	XCSE	20190308 16:50:00.137910
2962	93.1	XCSE	20190308 16:50:00.137910
200	93	XCSE	20190308 16:30:27.139166
15	93	XCSE	20190308 16:36:02.643131
185	93	XCSE	20190308 16:36:02.662649
49	93	XCSE	20190308 16:36:03.950078
126	93	XCSE	20190308 16:36:03.969591
200	93	XCSE	20190308 16:37:24.588342
9	93	XCSE	20190308 16:37:29.737529
10	93	XCSE	20190308 16:37:40.738048
6	93	XCSE	20190308 16:37:46.737964
10	93	XCSE	20190308 16:37:57.739029
6	93	XCSE	20190308 16:38:03.738864
10	93	XCSE	20190308 16:38:14.740365
18	93	XCSE	20190308 16:40:02.075070
131	93	XCSE	20190308 16:40:41.369804
63	93	XCSE	20190308 16:44:04.191251
242	92.5	XCSE	20190308 14:54:58.120511
258	92.5	XCSE	20190308 14:55:01.419710
210	92.5	XCSE	20190308 15:42:15.038066
105	92.5	XCSE	20190308 15:43:53.142901
185	92.5	XCSE	20190308 15:43:53.142933
118	92.4	XCSE	20190308 14:47:18.099719
382	92.4	XCSE	20190308 15:01:44.401628
457	92.2	XCSE	20190308 15:09:05.120971
9	92.2	XCSE	20190308 15:12:45.262582
34	92.2	XCSE	20190308 15:12:45.282845