Bang & Olufsen

Transaction in Own Shares • Dec 17, 2018

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 10 December 2018 – 14 December 2018:

	No. of shares	Average purchase price (DKK)	Transaction value (DKK)
Total previous announcement	1,018,949	139.09	141,725,530
10 December 2018	12,000	134.75	1,617,000
11 December 2018	11,000	136.77	1,504,470
12 December 2018	10,000	140.66	1,406,600
13 December 2018	10,000	140.97	1,409,700
14 December 2018	10,000	139.26	1,392,600
Total this period	53,000	138.31	7,330,370
Accumulated under the
programme	1,071,949	139.05	149,055,900

Following the above transactions, Bang & Olufsen holds a total of 1,181,939 own shares corresponding to 2.7 % 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 10 December – December 2018:

Volume	Price	Venue	Time CET
250	133,8	XCSE	20181210 9:08:45.320029
250	133,6	XCSE	20181210 10:07:27.118233
109	133,2	XCSE	20181210 10:25:09.772795
118	133,2	XCSE	20181210 10:25:09.802948
23	133,2	XCSE	20181210 10:25:09.802990
100	132,8	XCSE	20181210 10:53:01.849801
650	132,6	XCSE	20181210 10:53:16.934007
500	132,6	XCSE	20181210 10:53:35.406229
314	133,8	XCSE	20181210 11:48:58.178168
186	133,8	XCSE	20181210 11:48:58.178341
500	133,8	XCSE	20181210 13:00:31.498201
1000	133,8	XCSE	20181210 13:00:31.498201
1000	133,8	XCSE	20181210 13:37:47.372660
222	134	XCSE	20181210 13:58:32.161710
778	134	XCSE	20181210 13:58:41.841305
1000	134,6	XCSE	20181210 14:23:01.893583
780	136	XCSE	20181210 14:50:24.538810
500	136,6	XCSE	20181210 15:27:55.191622
720	136,4	XCSE	20181210 15:38:11.854939
500	136	XCSE	20181210 16:06:01.381160
84	136,2	XCSE	20181210 16:28:40.325818
124	136,2	XCSE	20181210 16:29:45.135069
3	136,2	XCSE	20181210 16:29:45.158971
160	136,2	XCSE	20181210 16:30:01.350830
129	136,2	XCSE	20181210 16:31:07.744601
800	136,2	XCSE	20181210 16:41:00.421258
200	136,2	XCSE	20181210 16:41:00.421258
200	136,2	XCSE	20181210 16:43:49.749207
800	136,2	XCSE	20181210 16:43:49.749207
500	137,2	XCSE	20181211 13:07:55.084925
2500	137,2	XCSE	20181211 13:07:55.084925
2000	137,6	XCSE	20181211 13:21:00.653972
905	136	XCSE	20181211 14:59:48.644986
95	136	XCSE	20181211 15:01:33.484598
250	136	XCSE	20181211 15:01:33.484598
500	136,4	XCSE	20181211 15:29:25.069912
250	136,4	XCSE	20181211 15:29:25.069912
800	136,4	XCSE	20181211 16:01:20.854039
200	136,4	XCSE	20181211 16:01:20.854039
91	136	XCSE	20181211 16:17:34.064851
500	136,2	XCSE	20181211 16:24:04.004155
8	136	XCSE	20181211 16:24:04.222283
151	136	XCSE	20181211 16:25:26.145668
200	136,4	XCSE	20181211 16:35:46.858254
114	136,4	XCSE	20181211 16:35:46.858254

200	136,4	XCSE	20181211 16:36:08.085207
8	136,4	XCSE	20181211 16:36:47.221812
108	136,4	XCSE	20181211 16:37:54.141606
8	136,4	XCSE	20181211 16:38:27.221230
59	136,4	XCSE	20181211 16:40:08.061512
17	136,4	XCSE	20181211 16:40:08.061573
200	136,4	XCSE	20181211 16:42:04.583384
300	136,4	XCSE	20181211 16:42:04.583384
200	136,4	XCSE	20181211 16:45:06.034494
86	136,4	XCSE	20181211 16:45:06.034494
14	136,4	XCSE	20181211 16:45:06.034494
200	136,4	XCSE	20181211 16:45:06.034494
200	136,4	XCSE	20181211 16:45:12.716718
336	136,4	XCSE	20181211 16:45:12.716718
155	135	XCSE	20181212 9:05:54.901942
300	135	XCSE	20181212 9:05:54.901942
97	135	XCSE	20181212 9:05:54.901999
100	135	XCSE	20181212 9:05:54.902113
148	135	XCSE	20181212 9:05:54.902133
394	137,2	XCSE	20181212 12:41:47.918931
10	137,2	XCSE	20181212 12:41:47.918931
17	137,2	XCSE	20181212 12:41:47.918931
10	137,2	XCSE	20181212 12:42:00.924368
100	138,6	XCSE	20181212 13:22:10.869283
900	138,6	XCSE	20181212 13:22:10.869283
427	138,8	XCSE	20181212 13:26:15.922843
200	139,2	XCSE	20181212 14:00:51.054495
711	139,2	XCSE	20181212 14:00:51.054495
681	140,2	XCSE	20181212 14:13:13.977140
250	140,2	XCSE	20181212 14:13:13.977140
500	140,8	XCSE	20181212 14:20:46.627771
1000	140,6	XCSE	20181212 14:54:34.391968
1000	142,4	XCSE	20181212 15:40:54.853993
200	143	XCSE	20181212 16:04:02.188525
200	143	XCSE	20181212 16:04:02.208723
138	143	XCSE	20181212 16:04:02.208723
1000	143,4	XCSE	20181212 16:11:10.268205
200	144	XCSE	20181212 16:34:58.303443
500	144	XCSE	20181212 16:34:58.303443
200	144	XCSE	20181212 16:35:25.123834
500	144	XCSE	20181212 16:35:25.123834
10	144,4	XCSE	20181212 16:36:43.571585
52	144,4	XCSE	20181212 16:36:51.209395
450	144	XCSE	20181213 9:18:08.587324
50	144	XCSE	20181213 9:18:08.587518
500	143,2	XCSE	20181213 9:35:10.548927
250	142	XCSE	20181213 10:40:22.783176
50	141,8	XCSE	20181213 10:50:54.192194
200	141,8	XCSE	20181213 10:50:54.192239

300	141,2	XCSE	20181213 10:55:46.454938
200	141,2	XCSE	20181213 10:55:46.454961
200	140,8	XCSE	20181213 13:00:41.392548
800	140,8	XCSE	20181213 13:00:41.392548
9	139,6	XCSE	20181213 13:51:37.869880
124	139,6	XCSE	20181213 13:51:37.869880
26	139,6	XCSE	20181213 13:51:37.869880
101	139,6	XCSE	20181213 13:51:37.869880
49	139,6	XCSE	20181213 13:53:47.971053
4	139,6	XCSE	20181213 13:54:33.974541
4	139,6	XCSE	20181213 13:55:29.977409
4	139,6	XCSE	20181213 13:56:25.983301
4	139,6	XCSE	20181213 13:57:21.985996
4	139,6	XCSE	20181213 13:58:17.988853
131	139,6	XCSE	20181213 13:59:02.481844
60	139,6	XCSE	20181213 13:59:02.485304
4	139,6	XCSE	20181213 13:59:12.993652
4	139,6	XCSE	20181213 14:00:08.995035
14	139,6	XCSE	20181213 14:00:11.901449
4	139,6	XCSE	20181213 14:02:29.595002
4	139,6	XCSE	20181213 14:04:15.601632
4	139,6	XCSE	20181213 14:06:01.607890
4	139,6	XCSE	20181213 14:07:50.614992
4	139,6	XCSE	20181213 14:09:36.622039
4	139,6	XCSE	20181213 14:11:22.631463
4	139,6	XCSE	20181213 14:13:08.640561
4	139,6	XCSE	20181213 14:14:59.646061
200	140,6	XCSE	20181213 15:11:22.420942
800	140,6	XCSE	20181213 15:11:22.420942
69	140,6	XCSE	20181213 15:26:21.059880
100	140,6	XCSE	20181213 15:26:21.059883
31	140,6	XCSE	20181213 15:26:21.059922
54	140,6	XCSE	20181213 15:26:21.063145
200	140,6	XCSE	20181213 15:26:21.063145
160	140,6	XCSE	20181213 15:26:21.079954
40	140,6	XCSE	20181213 15:26:21.079990
225	140,6	XCSE	20181213 15:26:24.311134
200	140,6	XCSE	20181213 15:26:24.311134
4	140,6	XCSE	20181213 15:26:51.628025
4	140,6	XCSE	20181213 15:27:22.630517
4	140,6	XCSE	20181213 15:27:56.632753
64	140,6	XCSE	20181213 15:40:00.074083
60	140,6	XCSE	20181213 15:40:00.074146
64	140,6	XCSE	20181213 15:40:00.074298
21	140,6	XCSE	20181213 15:40:00.074345
200	140,6	XCSE	20181213 15:40:00.074370
11	140,6	XCSE	20181213 15:59:29.153647
69	140,6	XCSE	20181213 15:59:29.153647
200	140,6	XCSE	20181213 15:59:29.153764

290	140,6	XCSE	20181213 15:59:29.153798
197	140,6	XCSE	20181213 15:59:29.153872
3	140,6	XCSE	20181213 15:59:29.406638
290	140,6	XCSE	20181213 15:59:29.406675
52	140,6	XCSE	20181213 15:59:29.409672
7	140,6	XCSE	20181213 15:59:42.631615
14	140,6	XCSE	20181213 16:00:23.401919
15	140,6	XCSE	20181213 16:12:01.149643
200	141	XCSE	20181213 16:17:31.069599
184	141	XCSE	20181213 16:17:31.069599
200	141	XCSE	20181213 16:17:31.355689
194	141	XCSE	20181213 16:17:31.355689
250	140,8	XCSE	20181213 16:32:12.745682
150	140,8	XCSE	20181213 16:32:12.745682
250	140,8	XCSE	20181213 16:38:58.673636
350	140,8	XCSE	20181213 16:38:58.673636
124	140,2	XCSE	20181213 16:45:24.031985
76	140,2	XCSE	20181213 16:45:24.032037
300	140,2	XCSE	20181213 16:45:24.032078
4	140,2	XCSE	20181213 16:46:08.939309
165	140,2	XCSE	20181213 16:46:32.128357
31	140,2	XCSE	20181213 16:47:20.793830
100	140,2	XCSE	20181213 16:47:20.793881
200	140,2	XCSE	20181213 16:47:20.793905
9	139,4	XCSE	20181214 9:02:15.440000
123	139	XCSE	20181214 9:11:46.293000
100	138,2	XCSE	20181214 9:16:32.082605
100	138,2	XCSE	20181214 9:16:32.082638
174	138,2	XCSE	20181214 9:16:32.082743
26	138,2	XCSE	20181214 9:16:32.088138
100	138,2	XCSE	20181214 9:16:32.314026
100	138,2	XCSE	20181214 9:16:32.316855
200	138,2	XCSE	20181214 9:16:33.474127
68	138,2	XCSE	20181214 9:16:43.591357
500	139,4	XCSE	20181214 12:00:28.747905
23	139,4	XCSE	20181214 12:17:01.364456
219	139,4	XCSE	20181214 12:17:01.400144
212	139,4	XCSE	20181214 12:51:03.132340
6	139,4	XCSE	20181214 13:18:25.120119
200	139,6	XCSE	20181214 13:59:04.192284
888	139,6	XCSE	20181214 13:59:04.192284
125	139,6	XCSE	20181214 13:59:07.440407
75	139,6	XCSE	20181214 13:59:07.440462
75	139,6	XCSE	20181214 13:59:07.440480
118	139,6	XCSE	20181214 13:59:07.460793
19	139,6	XCSE	20181214 13:59:07.464205
191	139,4	XCSE	20181214 13:59:11.329097
500	139,4	XCSE	20181214 14:23:26.998221
849	139,4	XCSE	20181214 14:23:26.998221

421	138,6	XCSE	20181214 14:23:27.675372
79	138,6	XCSE	20181214 14:23:27.677080
484	139,2	XCSE	20181214 15:45:09.857639
16	139,2	XCSE	20181214 15:45:09.857639
22	139,2	XCSE	20181214 15:45:14.748039
478	139,2	XCSE	20181214 15:45:14.748039
150	139	XCSE	20181214 15:45:16.375700
350	139,4	XCSE	20181214 16:08:42.567837
1000	139,4	XCSE	20181214 16:18:59.291539
25	139	XCSE	20181214 16:30:09.283692
40	139	XCSE	20181214 16:30:12.423431
135	139	XCSE	20181214 16:30:12.423481
29	139	XCSE	20181214 16:30:12.423570
54	139	XCSE	20181214 16:30:12.443650
50	139	XCSE	20181214 16:30:12.451908
285	139,2	XCSE	20181214 16:34:50.689101
22	139,2	XCSE	20181214 16:34:50.689101
125	139,2	XCSE	20181214 16:34:50.689101
1235	139,6	XCSE	20181214 16:53:49.702577