Bang & Olufsen

Transaction in Own Shares • Feb 4, 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 28 January 2019 – 1 February 2019:

	No. of shares	Average purchase price (DKK)	Transaction value (DKK)
Total previous announcement	1,573,449	125.97	198,199,632
28 January 2019	17,000	99.00	1,683,000
29 January 2019	20,000	96.54	1,930,800
30 January 2019	20,000	96.78	1,935,600
31 January 2019	20,000	96.44	1,928,800
01 February 2019	20,000	95.50	1,910,000
Total this period	97,000	96.79	9,388,200
Accumulated under the
programme	1,670,449	124.27	207,587,832

Following the above transactions, Bang & Olufsen holds a total of 1,780,439 own shares corresponding to 4.1 % 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 28 January – 1 February 2019:

Volume	Price	Venue	Time CET
437	98.8	XCSE	20190128 10:00:00.956878
100	98.8	XCSE	20190128 10:00:00.956878
100	98.8	XCSE	20190128 10:00:00.980555
63	98.8	XCSE	20190128 10:00:00.980555
100	99	XCSE	20190128 10:28:36.298191
1200	99	XCSE	20190128 10:28:36.298191
26	98.9	XCSE	20190128 11:15:58.079801
174	98.9	XCSE	20190128 12:06:24.702230
800	98.9	XCSE	20190128 12:06:24.702230
250	98.7	XCSE	20190128 12:44:59.732860
1541	98.7	XCSE	20190128 12:44:59.732860
1	98.7	XCSE	20190128 12:47:15.738857
28	99	XCSE	20190128 13:35:04.018613
3	99	XCSE	20190128 13:35:04.018613
41	99	XCSE	20190128 14:19:09.176235
139	99	XCSE	20190128 14:19:09.177747
20	99	XCSE	20190128 14:19:09.177851
420	99	XCSE	20190128 14:19:09.177885
350	99	XCSE	20190128 14:19:09.177889
200	99	XCSE	20190128 14:19:09.177937
150	99	XCSE	20190128 14:19:09.177937
350	99	XCSE	20190128 14:19:09.177986
159	99	XCSE	20190128 14:19:09.196430
162	99.2	XCSE	20190128 15:07:22.140119
38	99.2	XCSE	20190128 15:07:22.140224
38	99.2	XCSE	20190128 15:07:22.140311
38	99.2	XCSE	20190128 15:07:22.160352
124	99.2	XCSE	20190128 15:07:24.312136
200	99.2	XCSE	20190128 15:08:49.976657
103	99.1	XCSE	20190128 15:14:04.203296
97	99.1	XCSE	20190128 15:14:04.203320
97	99.1	XCSE	20190128 15:14:04.203339
74	99.1	XCSE	20190128 15:14:04.203348
350	99.1	XCSE	20190128 15:14:04.203394
200	99.1	XCSE	20190128 15:14:04.206114
200	99.1	XCSE	20190128 15:14:04.242625
350	99.1	XCSE	20190128 15:14:04.242662
38	99.1	XCSE	20190128 15:14:04.263162
14	99.1	XCSE	20190128 15:14:04.301109
17	99.1	XCSE	20190128 15:14:04.305920
163	98.8	XCSE	20190128 15:28:45.137085
37	98.8	XCSE	20190128 15:28:46.734450
87	98.8	XCSE	20190128 15:40:35.688471
113	98.8	XCSE	20190128 15:40:35.688533
199	98.9	XCSE	20190128 15:56:41.135920

1	98.9	XCSE	20190128 15:56:41.135987
29	98.9	XCSE	20190128 15:56:41.156214
200	98.9	XCSE	20190128 15:56:41.156214
200	98.9	XCSE	20190128 15:56:44.083743
154	98.9	XCSE	20190128 15:56:44.106966
231	98.9	XCSE	20190128 15:58:48.225251
46	98.9	XCSE	20190128 15:58:48.225251
200	98.9	XCSE	20190128 16:01:02.733632
400	98.9	XCSE	20190128 16:01:02.733632
200	98.9	XCSE	20190128 16:01:02.857648
200	98.9	XCSE	20190128 16:14:05.079103
200	98.9	XCSE	20190128 16:14:12.137337
83	98.9	XCSE	20190128 16:14:16.862438
200	99	XCSE	20190128 16:24:21.136754
146	99	XCSE	20190128 16:24:21.168158
50	99	XCSE	20190128 16:33:35.635512
150	99	XCSE	20190128 16:36:01.135713
100	99	XCSE	20190128 16:37:53.793062
200	99	XCSE	20190128 16:37:53.793062
200	99	XCSE	20190128 16:40:37.134885
84	99.1	XCSE	20190128 16:45:03.814121
102	99.2	XCSE	20190128 16:45:30.025434
181	99.2	XCSE	20190128 16:45:30.025434
58	99.2	XCSE	20190128 16:45:30.025434
500	99.2	XCSE	20190128 16:50:03.882015
500	99.2	XCSE	20190128 16:50:03.882015
331	99.2	XCSE	20190128 16:50:10.186337
111	99.2	XCSE	20190128 16:50:10.186399
58	99.2	XCSE	20190128 16:50:10.190497
420	99.2	XCSE	20190128 16:50:10.190539
125	99.2	XCSE	20190128 16:50:10.211146
150	99.2	XCSE	20190128 16:50:10.261138
1275	99.2	XCSE	20190128 16:50:14.637807
225	99.2	XCSE	20190128 16:50:14.637807
8	99.2	XCSE	20190128 16:51:02.057301
291	99.2	XCSE	20190128 16:51:10.123377
51	98	XCSE	20190129 9:44:19.050775
149	98	XCSE	20190129 9:44:19.074727
9	98	XCSE	20190129 9:44:19.094894
200	98	XCSE	20190129 9:44:19.094894
194	98	XCSE	20190129 9:44:19.096624
2	98	XCSE	20190129 9:44:19.118314
6	98	XCSE	20190129 9:44:19.118314
200	98	XCSE	20190129 9:44:24.062669
94	98	XCSE	20190129 9:44:24.091748
95	98	XCSE	20190129 9:48:06.407742
152	97.5	XCSE	20190129 9:48:54.039679
1	97.5	XCSE	20190129 9:48:54.039720
1	97.5	XCSE	20190129 9:48:54.039787

1	97.5	XCSE	20190129 9:48:54.039826
45	97.5	XCSE	20190129 9:48:54.039858
2	97.5	XCSE	20190129 9:48:54.039858
2	97.5	XCSE	20190129 9:48:54.039864
48	97.5	XCSE	20190129 9:48:54.059864
141	97.5	XCSE	20190129 9:48:54.061310
2	97.5	XCSE	20190129 9:49:21.253966
9	97.5	XCSE	20190129 9:49:51.134466
8	97.5	XCSE	20190129 9:49:51.134466
588	97.4	XCSE	20190129 10:06:22.082532
96	96.8	XCSE	20190129 11:17:33.250681
166	96.8	XCSE	20190129 11:17:33.250740
72	96.8	XCSE	20190129 11:17:33.250772
166	96.8	XCSE	20190129 11:17:33.250815
500	96.7	XCSE	20190129 11:48:29.938093
500	96.4	XCSE	20190129 12:23:51.831236
244	96.2	XCSE	20190129 12:41:32.148132
147	96.2	XCSE	20190129 12:41:40.280528
44	96.3	XCSE	20190129 13:26:01.705771
456	96.3	XCSE	20190129 13:26:01.705797
109	96.2	XCSE	20190129 13:27:35.910089
232	96	XCSE	20190129 13:35:56.394106
268	96	XCSE	20190129 13:35:56.394334
82	96.1	XCSE	20190129 14:07:33.411047
500	96.5	XCSE	20190129 14:29:18.756696
500	96.5	XCSE	20190129 15:09:50.967346
384	96.4	XCSE	20190129 15:09:50.967496
116	96.4	XCSE	20190129 15:09:50.967520
418	96.1	XCSE	20190129 15:23:08.928768
145	96	XCSE	20190129 15:26:50.095345
188	96.1	XCSE	20190129 15:35:45.642959
250	96.1	XCSE	20190129 15:35:46.491360
166	96.1	XCSE	20190129 15:35:46.514643
84	96.1	XCSE	20190129 15:36:01.166399
350	96.1	XCSE	20190129 15:36:01.166482
100	96.1	XCSE	20190129 15:36:01.166533
250	96.1	XCSE	20190129 15:36:01.166533
250	96.1	XCSE	20190129 15:36:05.896065
430	96.1	XCSE	20190129 15:36:05.896109
350	96.1	XCSE	20190129 15:36:05.896123
58	96.1	XCSE	20190129 15:36:13.449369
250	96.3	XCSE	20190129 15:59:56.869457
672	96.3	XCSE	20190129 15:59:56.869457
1750	96.5	XCSE	20190129 16:10:52.617239
250	96.5	XCSE	20190129 16:10:52.617239
1000	96.6	XCSE	20190129 16:15:22.797508
250	96.5	XCSE	20190129 16:15:22.821571
207	96.5	XCSE	20190129 16:15:22.821648
100	96.6	XCSE	20190129 16:30:27.453479

900	96.6	XCSE	20190129 16:30:27.453479
250	96.6	XCSE	20190129 16:36:02.083245
750	96.6	XCSE	20190129 16:36:02.083245
79	96.5	XCSE	20190129 16:36:05.685874
83	96.5	XCSE	20190129 16:36:05.685927
338	96.5	XCSE	20190129 16:36:05.685929
294	96.5	XCSE	20190129 16:36:05.685974
206	96.5	XCSE	20190129 16:36:05.686026
71	96.4	XCSE	20190129 16:43:43.136041
33	96.4	XCSE	20190129 16:43:43.136089
96	96.4	XCSE	20190129 16:43:43.156240
104	96.4	XCSE	20190129 16:43:43.156240
186	96.4	XCSE	20190129 16:43:43.159440
14	96.4	XCSE	20190129 16:43:43.163378
96	96.4	XCSE	20190129 16:43:43.287532
104	96.4	XCSE	20190129 16:43:43.539323
96	96.4	XCSE	20190129 16:43:43.539364
200	96.4	XCSE	20190129 16:43:43.539391
9	96.4	XCSE	20190129 16:45:23.742401
64	96.5	XCSE	20190129 16:46:37.003341
500	96.5	XCSE	20190129 16:46:37.003341
1427	96.5	XCSE	20190129 16:46:37.003341
748	96.8	XCSE	20190130 10:51:20.823321
252	96.8	XCSE	20190130 10:51:20.823369
313	96.3	XCSE	20190130 11:22:47.137350
17	96.3	XCSE	20190130 11:24:25.288091
107	96.8	XCSE	20190130 12:33:14.710694
393	96.8	XCSE	20190130 12:33:14.710745
500	97	XCSE	20190130 13:02:59.128644
500	97	XCSE	20190130 13:20:32.238862
1500	97	XCSE	20190130 13:20:32.238862
7	96.8	XCSE	20190130 13:22:50.137161
419	96.8	XCSE	20190130 13:24:10.123395
74	96.8	XCSE	20190130 13:24:10.125918
1487	96.9	XCSE	20190130 14:20:21.281846
131	96.9	XCSE	20190130 14:20:21.281913
52	96.9	XCSE	20190130 14:20:21.281917
250	96.8	XCSE	20190130 14:59:36.033506
3250	96.8	XCSE	20190130 14:59:36.033506
500	96.8	XCSE	20190130 15:25:13.967912
1500	96.8	XCSE	20190130 15:25:13.967912
200	96.9	XCSE	20190130 15:43:26.013633
800	96.9	XCSE	20190130 15:43:26.013633
500	96.8	XCSE	20190130 15:50:54.193488
500	96.8	XCSE	20190130 15:50:54.193488
250	96.7	XCSE	20190130 16:00:12.019440
750	96.7	XCSE	20190130 16:00:12.019440
500	96.6	XCSE	20190130 16:05:08.008012
447	96.5	XCSE	20190130 16:07:38.145704

553	96.5	XCSE	20190130 16:07:38.145812
287	96.5	XCSE	20190130 16:35:24.188472
500	96.6	XCSE	20190130 16:43:02.032618
1213	96.6	XCSE	20190130 16:43:02.032618
1500	96.7	XCSE	20190130 16:48:47.177537
500	96	XCSE	20190131 9:27:29.914767
500	95.8	XCSE	20190131 9:27:56.860251
275	95.6	XCSE	20190131 9:28:00.039866
225	95.6	XCSE	20190131 9:28:00.039909
157	96.8	XCSE	20190131 10:27:53.430357
343	96.8	XCSE	20190131 10:27:53.430404
85	96.4	XCSE	20190131 10:33:29.985540
415	96.4	XCSE	20190131 10:33:29.985607
428	96.2	XCSE	20190131 11:26:13.128185
72	96.2	XCSE	20190131 11:26:13.153383
404	96	XCSE	20190131 11:26:13.230967
96	96	XCSE	20190131 11:26:13.232948
261	96.6	XCSE	20190131 12:42:05.498647
239	96.6	XCSE	20190131 12:42:05.498710
800	96.5	XCSE	20190131 13:09:19.076302
200	96.5	XCSE	20190131 13:09:19.076302
108	96.4	XCSE	20190131 13:35:02.611102
92	96.4	XCSE	20190131 13:35:02.611495
561 200	96.5 96.5	XCSE XCSE	20190131 13:35:46.933850 20190131 13:35:46.933850
39	96.5	XCSE	20190131 13:36:30.181488
500	96.5	XCSE	20190131 14:12:56.499614
44	96.4	XCSE	20190131 14:20:07.948686
456	96.4	XCSE	20190131 14:20:07.948743
250	96.3	XCSE	20190131 14:20:07.948781
250	96.3	XCSE	20190131 14:28:14.905531
151	96.3	XCSE	20190131 14:28:14.905531
250	96.3	XCSE	20190131 14:28:14.925892
99	96.3	XCSE	20190131 14:28:14.927292
500	96.4	XCSE	20190131 14:50:23.765180
427	96.4	XCSE	20190131 15:02:09.044364
73	96.4	XCSE	20190131 15:02:09.044391
231	96.3	XCSE	20190131 15:02:09.064823
269	96.3	XCSE	20190131 15:02:09.064860
250	96.3	XCSE	20190131 15:13:52.762368
430	96.3	XCSE	20190131 15:13:52.762411
250	96.3	XCSE	20190131 15:13:59.981229
70	96.3	XCSE	20190131 15:13:59.981300
1300	96.5	XCSE	20190131 15:29:53.680156
200	96.5	XCSE	20190131 15:29:53.680156
250	96.5	XCSE	20190131 15:47:09.217479
1080	96.5	XCSE	20190131 15:47:09.217479
170	96.5	XCSE	20190131 15:47:09.253145
200	96.6	XCSE	20190131 16:11:42.365789

800	96.6	XCSE	20190131 16:11:42.365789
494	96.6	XCSE	20190131 16:13:49.142437
830	96.6	XCSE	20190131 16:28:01.735554
75	96.6	XCSE	20190131 16:30:35.040428
101	96.6	XCSE	20190131 16:30:35.040816
726	96.5	XCSE	20190131 16:35:26.515775
200	96.5	XCSE	20190131 16:35:26.515775
1374	96.6	XCSE	20190131 16:40:51.978503
200	96.6	XCSE	20190131 16:40:51.978503
1000	96.7	XCSE	20190131 16:45:58.903802
500	96.7	XCSE	20190131 16:45:58.903802
500	97.4	XCSE	20190201 10:23:33.937279
1500	97.4	XCSE	20190201 10:23:33.937279
23	96.8	XCSE	20190201 11:07:55.828638
35	96.8	XCSE	20190201 11:09:53.051685
108	96.8	XCSE	20190201 11:10:59.055815
119	96.8	XCSE	20190201 11:10:59.055860
215	96.8	XCSE	20190201 11:12:34.852359
500	96.8	XCSE	20190201 11:12:34.852359
10	96.5	XCSE	20190201 12:29:23.406658
190	96.5	XCSE	20190201 12:30:20.451296
800	96.5	XCSE	20190201 12:30:20.451296
314	96.3	XCSE	20190201 12:54:49.583968
200	96.3	XCSE	20190201 12:54:49.583968
200	96.3	XCSE	20190201 12:54:49.584153
286	96.3	XCSE	20190201 12:54:49.584174
2	96	XCSE	20190201 13:13:22.073427
498	96	XCSE	20190201 13:13:22.073531
1000	96	XCSE	20190201 13:13:22.073531
328	95.8	XCSE	20190201 13:15:48.156612
67	95.8	XCSE	20190201 13:15:48.178488
5	95.8	XCSE	20190201 13:15:48.180072
100	95.8	XCSE	20190201 13:15:48.181454
247	95.5	XCSE	20190201 14:28:03.865761
253	95.5	XCSE	20190201 14:28:03.865808
71	95.5	XCSE	20190201 14:28:03.865925
24	95.5	XCSE	20190201 14:28:03.865932
214	95.5	XCSE	20190201 14:28:03.885981
191	95.5	XCSE	20190201 14:28:05.865858
237	95.4	XCSE	20190201 14:33:58.133661
100	95.4	XCSE	20190201 14:33:58.133729
63	95.4	XCSE	20190201 14:33:58.133787
100	95.4	XCSE	20190201 14:49:57.138873
16	95.5	XCSE	20190201 14:59:20.973216
984	95.5	XCSE	20190201 15:00:00.404536
16	95.4	XCSE	20190201 15:01:08.488189
484	95.4	XCSE	20190201 15:03:59.111540
400	95.4	XCSE	20190201 15:17:46.614682
11	95.4	XCSE	20190201 15:17:46.614682

378	95.4	XCSE	20190201 15:25:39.139425
211	95.4	XCSE	20190201 15:28:27.524527
200	95.2	XCSE	20190201 15:43:18.792896
76	95.2	XCSE	20190201 15:43:18.813128
124	95.2	XCSE	20190201 15:43:18.813171
600	95.2	XCSE	20190201 15:43:18.813194
600	95.1	XCSE	20190201 15:45:44.739086
18	95.1	XCSE	20190201 15:45:44.739086
199	95.1	XCSE	20190201 15:45:44.816100
183	95.1	XCSE	20190201 15:46:03.244326
1000	95	XCSE	20190201 15:51:27.843996
240	94.6	XCSE	20190201 15:53:04.820365
176	94.6	XCSE	20190201 15:59:11.611544
233	94.7	XCSE	20190201 16:07:55.960900
267	94.7	XCSE	20190201 16:07:55.960958
84	94.6	XCSE	20190201 16:10:36.396545
234	94.6	XCSE	20190201 16:12:27.402314
248	94.6	XCSE	20190201 16:12:27.402314
18	94.6	XCSE	20190201 16:12:54.338015
500	94.5	XCSE	20190201 16:14:47.473564
84	94.2	XCSE	20190201 16:17:45.139083
326	94.2	XCSE	20190201 16:24:28.142682
108	94.4	XCSE	20190201 16:33:36.759274
172	94.4	XCSE	20190201 16:33:36.759274
107	94.4	XCSE	20190201 16:33:36.759274
54	94.4	XCSE	20190201 16:33:36.784682
391	94.4	XCSE	20190201 16:33:36.819983
136	94.4	XCSE	20190201 16:33:36.994164
32	94.4	XCSE	20190201 16:33:36.994204
413	94.3	XCSE	20190201 16:37:23.132399
170	94.4	XCSE	20190201 16:38:25.729033
149	94.4	XCSE	20190201 16:39:26.551896
351	94.4	XCSE	20190201 16:39:26.551952
300	94.4	XCSE	20190201 16:39:26.552002
383	94.4	XCSE	20190201 16:39:26.552006
50	94.4	XCSE	20190201 16:39:26.552009
50	94.4	XCSE	20190201 16:39:26.552047
50	94.4	XCSE	20190201 16:39:26.552114
50	94.4	XCSE	20190201 16:39:26.572223
350	94.4	XCSE	20190201 16:39:29.687890
274	94.4	XCSE	20190201 16:39:29.687961