Bang & Olufsen

Transaction in Own Shares • Dec 10, 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 03 December 2018 – 07 December 2018:

	No. of shares	Average purchase price (DKK)	Transaction value (DKK)
Total previous announcement	960,949	139.27	133,830,760
03 December 2018	12,000	135.39	1,624,680
04 December 2018	12,000	137.59	1,651,080
05 December 2018	12,000	136.29	1,635,480
06 December 2018	11,000	135.60	1,491,600
07 December 2018	11,000	135.63	1,491,930
Total this period	58,000	136.12	7,894,770
Accumulated under the programme	1,018,949	139.09	141,725,530

Following the above transactions, Bang & Olufsen holds a total of 1,128,939 own shares corresponding to 2.6 % of the total share capital and the total voting rights in the company.

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

Information about the individual trades under the program in the period 03 December – 07 December 2018:

Volume	Price	Venue	Time CET
100	136	XCSE	20181203 10:12:23.986710
100	136	XCSE	20181203 10:12:23.988285
100	136	XCSE	20181203 10:12:23.991594
100	136	XCSE	20181203 10:31:33.111610
526	136	XCSE	20181203 10:31:33.111610
74	136	XCSE	20181203 10:31:33.202952
400	135.6	XCSE	20181203 11:13:57.962923
100	135.6	XCSE	20181203 11:13:57.962971
248	135.2	XCSE	20181203 11:34:08.166260
252	135.2	XCSE	20181203 11:34:08.166311
500	134.8	XCSE	20181203 12:01:40.687134
240	134	XCSE	20181203 12:25:00.679303
143	134	XCSE	20181203 12:25:00.679372
104	134	XCSE	20181203 12:25:00.679416
13	134	XCSE	20181203 12:25:00.679453
24	133.6	XCSE	20181203 12:25:03.311637
91	133.6	XCSE	20181203 12:26:04.363474
18	133.6	XCSE	20181203 12:26:04.398466
4	133.6	XCSE	20181203 12:26:40.366857
4	133.6	XCSE	20181203 12:27:16.368983
4	133.6	XCSE	20181203 12:27:52.375131
105	133.6	XCSE	20181203 12:27:52.873370
250	133	XCSE	20181203 12:27:52.873370
167	133.8	XCSE	20181203 13:02:12.734032
112	133.8	XCSE	20181203 13:35:05.295039
2	133.8	XCSE	20181203 13:57:57.530598
106	134.4	XCSE	20181203 14:22:08.232464
202	134.4	XCSE	20181203 14:22:08.232473
192	134.4	XCSE	20181203 14:22:08.232488
96	133.8	XCSE	20181203 14:39:16.471193
250	135	XCSE	20181203 15:11:57.710340
750	135	XCSE	20181203 15:11:57.710340
250	135	XCSE	20181203 15:16:48.164246
250	135	XCSE	20181203 15:16:48.164246
250	135.6	XCSE	20181203 15:37:46.421148
250	135.6	XCSE	20181203 15:37:46.421148
250	135.6	XCSE	20181203 15:38:03.664759
250	135.6	XCSE	20181203 15:38:03.664759
1000	136.2	XCSE	20181203 15:50:21.453433
500	136.2	XCSE	20181203 15:51:09.381277
123	136	XCSE	20181203 15:57:41.406948
500	135.4	XCSE	20181203 16:15:23.609215
750	135.8	XCSE	20181203 16:24:51.097216
250	135.8	XCSE	20181203 16:24:51.097216
500	136	XCSE	20181203 16:30:52.617425

500	136	XCSE	20181203 16:37:43.946912
200	136	XCSE	20181203 16:40:51.121012
800	136	XCSE	20181203 16:40:51.121012
72	138	XCSE	20181204 9:16:32.514991
428	138	XCSE	20181204 9:16:32.514991
500	138	XCSE	20181204 9:28:01.973673
137	138.4	XCSE	20181204 10:53:35.009510
200	138.4	XCSE	20181204 10:53:35.009510
300	138.4	XCSE	20181204 11:06:20.298190
200	138.4	XCSE	20181204 11:06:20.298190
163	138.4	XCSE	20181204 11:19:12.684788
500	137.6	XCSE	20181204 11:26:32.315437
317	137	XCSE	20181204 11:28:41.219713
183	137	XCSE	20181204 11:29:31.642081
500	136.8	XCSE	20181204 12:31:09.532537
400	136.2	XCSE	20181204 12:35:10.814621
100	136.2	XCSE	20181204 12:35:10.814669
900	137.6	XCSE	20181204 14:33:11.187158
200	137.6	XCSE	20181204 14:33:11.187158
133	138	XCSE	20181204 15:10:21.058792
690	138	XCSE	20181204 15:10:21.058792
177	138	XCSE	20181204 15:10:21.058792
250	138.4	XCSE	20181204 15:15:12.027370
750	138.4	XCSE	20181204 15:15:12.027370
210	138	XCSE	20181204 15:35:11.152833
500	138	XCSE	20181204 15:38:11.648521
228	138	XCSE	20181204 15:42:06.509874
62	138	XCSE	20181204 15:42:06.509937
100	137.6	XCSE	20181204 15:49:18.875518
200	137.6	XCSE	20181204 15:49:18.875518
200	137.6	XCSE	20181204 15:53:33.244755
300	137.6	XCSE	20181204 15:53:33.244755
57	137.6	XCSE	20181204 16:05:33.929534
43	137.6	XCSE	20181204 16:05:33.929597
395	136.8	XCSE	20181204 16:26:24.179464
59	137	XCSE	20181204 16:30:48.138451
22	137	XCSE	20181204 16:30:48.138451
200	137	XCSE	20181204 16:33:30.147653
183	137	XCSE	20181204 16:33:30.167820
17	137	XCSE	20181204 16:33:30.168955
200	137	XCSE	20181204 16:33:32.883261
64	137	XCSE	20181204 16:33:32.885267
51	137	XCSE	20181204 16:33:42.217091
85	137	XCSE	20181204 16:33:42.220080
119	137	XCSE	20181204 16:33:42.224347
29	137	XCSE	20181204 16:38:19.636932
40	137	XCSE	20181204 16:38:19.636932
500	137.2	XCSE	20181204 16:41:25.079874
105	137.2	XCSE	20181204 16:41:44.376371

681	137.2	XCSE	20181204 16:41:44.376371
250	137.2	XCSE	20181204 16:41:44.376371
18	135	XCSE	20181205 9:18:36.448081
232	135	XCSE	20181205 9:18:39.144026
210	135.6	XCSE	20181205 10:50:37.329756
40	135.6	XCSE	20181205 10:59:55.032509
276	135.8	XCSE	20181205 12:12:41.047663
224	135.8	XCSE	20181205 12:12:41.068115
1000	135.6	XCSE	20181205 12:27:03.245633
250	135.6	XCSE	20181205 12:27:03.245633
50	135.2	XCSE	20181205 12:51:46.480192
112	135.2	XCSE	20181205 12:51:46.480192
8	135.2	XCSE	20181205 12:51:52.808310
42	135.2	XCSE	20181205 12:51:56.312170
6	135.2	XCSE	20181205 12:51:56.312170
50	135.6	XCSE	20181205 14:39:00.225098
450	135.6	XCSE	20181205 14:39:00.225098
38	135.6	XCSE	20181205 14:51:00.939159
12	135.6	XCSE	20181205 14:51:00.939210
50	135.6	XCSE	20181205 14:51:00.939307
50	135.6	XCSE	20181205 14:51:00.939423
50	135.6	XCSE	20181205 14:51:00.939511
50	135.6	XCSE	20181205 14:51:00.939599
50	135.6	XCSE	20181205 14:51:00.939684
50	135.6	XCSE	20181205 14:51:00.939770
10	135.6	XCSE	20181205 14:51:00.946527
50	135.6	XCSE	20181205 14:51:00.946527
50	135.6	XCSE	20181205 14:51:00.948925
10	135.6	XCSE	20181205 14:51:00.951940
50	135.6	XCSE	20181205 14:51:00.951940
50	135.6	XCSE	20181205 14:51:00.953927
10	135.6	XCSE	20181205 14:51:00.953927
50	135.6	XCSE	20181205 14:51:00.955341
50	135.6	XCSE	20181205 14:51:00.966547
50	135.6	XCSE	20181205 14:51:00.966639
50	135.6	XCSE	20181205 14:51:00.966726
50	135.6	XCSE	20181205 14:51:00.966813
50	135.6	XCSE	20181205 14:51:00.967161
10	135.6	XCSE	20181205 14:51:00.969470
50	135.6	XCSE	20181205 14:51:00.969470
10	135.6	XCSE	20181205 14:51:00.971748
50	135.6	XCSE	20181205 14:51:00.971748
10	135.6	XCSE	20181205 14:51:00.974097
50	135.6	XCSE	20181205 14:51:00.974097
142	135.6	XCSE	20181205 14:51:55.425868
50	135.6	XCSE	20181205 14:51:55.425868
50	135.4	XCSE	20181205 14:57:00.445252
67	135.4	XCSE	20181205 14:57:00.445252
50	135.4	XCSE	20181205 14:57:00.445400

238	135.8	XCSE	20181205 15:14:11.438464
71	135.8	XCSE	20181205 15:14:11.438464
100	135.8	XCSE	20181205 15:18:15.769301
8	135.8	XCSE	20181205 15:21:53.152107
6	135.8	XCSE	20181205 15:22:02.412849
11	136.2	XCSE	20181205 15:44:28.325476
89	136.2	XCSE	20181205 15:44:33.664282
11	136.2	XCSE	20181205 15:44:33.664282
89	136.2	XCSE	20181205 15:44:33.784647
50	136	XCSE	20181205 16:00:04.137641
50	136	XCSE	20181205 16:00:04.137742
300	136	XCSE	20181205 16:00:04.137779
10	136	XCSE	20181205 16:00:04.150703
100	136	XCSE	20181205 16:16:08.345393
91	136	XCSE	20181205 16:16:08.345393
7	136.2	XCSE	20181205 16:17:11.791148
21	136.2	XCSE	20181205 16:17:11.791148
7	136.2	XCSE	20181205 16:17:11.817027
43	136.2	XCSE	20181205 16:17:15.089186
87	136.2	XCSE	20181205 16:17:15.089186
50	136.2	XCSE	20181205 16:17:39.559680
38	136.2	XCSE	20181205 16:17:39.559680
50	136.2	XCSE	20181205 16:17:39.559795
50	136.2	XCSE	20181205 16:17:46.005581
50	136.2	XCSE	20181205 16:17:46.005724
300	136.2	XCSE	20181205 16:17:46.005758
50	136.2	XCSE	20181205 16:17:46.005821
50	136.2	XCSE	20181205 16:17:46.010581
50	136.2	XCSE	20181205 16:17:46.025396
100	136.4	XCSE	20181205 16:29:25.142155
100	136.4	XCSE	20181205 16:29:25.147610
4	136.4	XCSE	20181205 16:30:55.095653
100	136.6	XCSE	20181205 16:33:05.145456
24	136.6	XCSE	20181205 16:33:05.145456
100	136.6	XCSE	20181205 16:33:05.145570
100	136.6	XCSE	20181205 16:37:07.130888
100	136.6	XCSE	20181205 16:38:34.091105
1066	136.6	XCSE	20181205 16:38:34.091105
63	136.6	XCSE	20181205 16:38:34.118951
1376	137	XCSE	20181205 16:47:19.620037
250	137	XCSE	20181205 16:47:19.620037
250	137.2	XCSE	20181205 16:47:48.006710
1903	137.2	XCSE	20181205 16:47:48.006710
5	135.8	XCSE	20181206 10:35:59.413751
69	135.8	XCSE	20181206 10:35:59.413860
26	135.8	XCSE	20181206 10:35:59.413864
100	135.8	XCSE	20181206 10:35:59.413889
68	135.8	XCSE	20181206 10:35:59.433962
132	135.8	XCSE	20181206 10:35:59.433981

18	135.8	XCSE	20181206 10:35:59.433981
310	135.8	XCSE	20181206 10:35:59.434018
70	135.8	XCSE	20181206 10:35:59.451071
130	135.8	XCSE	20181206 10:35:59.689522
72	135.8	XCSE	20181206 10:36:02.348897
457	135.2	XCSE	20181206 10:51:37.518996
25	135.2	XCSE	20181206 10:51:37.519046
18	135.2	XCSE	20181206 10:51:37.519175
304	135	XCSE	20181206 10:52:58.140660
56	135	XCSE	20181206 10:52:58.140774
78	135	XCSE	20181206 10:54:03.522841
62	135	XCSE	20181206 10:54:03.524676
200	134.6	XCSE	20181206 11:47:50.631191
300	134.6	XCSE	20181206 11:47:50.631191
84	134.2	XCSE	20181206 11:51:30.769744
416	134.2	XCSE	20181206 12:45:58.903127
500	134	XCSE	20181206 12:46:06.402635
100	134	XCSE	20181206 13:46:37.806484
100	134	XCSE	20181206 13:58:44.299085
20	134	XCSE	20181206 14:06:58.534399
100	134	XCSE	20181206 14:06:58.534399
83	134	XCSE	20181206 14:11:32.860568
20	134	XCSE	20181206 14:14:58.873189
27	134.4	XCSE	20181206 14:32:30.481903
100	134.4	XCSE	20181206 14:43:42.118205
81	134.4	XCSE	20181206 14:43:42.138809
19	134.4	XCSE	20181206 14:43:42.138843
310	134.4	XCSE	20181206 14:43:42.138881
98	134.4	XCSE	20181206 14:43:42.140730
2	134.4	XCSE	20181206 14:43:42.140762
300	134.4	XCSE	20181206 14:43:42.140795
47	134.4	XCSE	20181206 14:43:42.143017
350	135.6	XCSE	20181206 15:21:10.927100
8	135.6	XCSE	20181206 15:21:10.927100
12	135.4	XCSE	20181206 15:30:26.633768
88	135.4	XCSE	20181206 15:30:36.634535
5	135.4	XCSE	20181206 15:30:41.781433
4	135.4	XCSE	20181206 15:30:53.783492
4	135.4	XCSE	20181206 15:31:04.781881
4	135.4	XCSE	20181206 15:31:15.786637
4	135.4	XCSE	20181206 15:31:26.789698
5	135.4	XCSE	20181206 15:31:53.001324
4	135.4	XCSE	20181206 15:32:03.792638
4	135.4	XCSE	20181206 15:32:14.793621
4	135.4	XCSE	20181206 15:32:25.793894
5	135.4	XCSE	20181206 15:32:41.794905
4	135.4	XCSE	20181206 15:32:52.795480
4	135.4	XCSE	20181206 15:33:03.796893
100	135.6	XCSE	20181206 15:45:44.466786

394	135.6	XCSE	20181206 15:45:44.466786
43	135.6	XCSE	20181206 15:46:51.502587
57	135.6	XCSE	20181206 15:46:51.502640
59	135.6	XCSE	20181206 15:46:51.502640
300	135.6	XCSE	20181206 15:46:51.502683
96	135.6	XCSE	20181206 15:46:51.507224
4	135.6	XCSE	20181206 15:46:51.508989
96	135.6	XCSE	20181206 15:46:51.508989
150	135.6	XCSE	20181206 15:46:51.509026
285	135.6	XCSE	20181206 15:46:51.509029
200	136	XCSE	20181206 16:15:17.574269
1500	136	XCSE	20181206 16:15:17.574269
1100	137.2	XCSE	20181206 16:30:31.258807
200	137.2	XCSE	20181206 16:30:31.258807
82	137	XCSE	20181206 16:40:57.815800
400	137	XCSE	20181206 16:41:06.125603
518	137	XCSE	20181206 16:41:06.125603
9	136.8	XCSE	20181207 9:01:06.118000
99	136.6	XCSE	20181207 9:06:50.697000
11	136.4	XCSE	20181207 9:18:20.284000
14	136.4	XCSE	20181207 9:18:40.353000
64	136.4	XCSE	20181207 9:18:40.353000
27	136.4	XCSE	20181207 9:18:40.353000
101	136	XCSE	20181207 9:26:12.541000
125	137	XCSE	20181207 9:37:26.915000
4	136.6	XCSE	20181207 10:32:23.686819
196	136.6	XCSE	20181207 10:32:26.663660
23	136.6	XCSE	20181207 10:45:52.319628
5	136.6	XCSE	20181207 10:45:52.343508
172	136.6	XCSE	20181207 10:45:55.125128
90	136.6	XCSE	20181207 10:45:55.125247
10	136.6	XCSE	20181207 10:45:55.323742
2	136.6	XCSE	20181207 10:46:15.318442
100	136.6	XCSE	20181207 10:46:15.318442
248	136.6	XCSE	20181207 10:46:15.318499
52	136.6	XCSE	20181207 10:46:15.318524
95	136.6	XCSE	20181207 10:46:17.582151
53	136.6	XCSE	20181207 10:48:21.440641
500	136.4	XCSE	20181207 11:20:33.498503
200	136	XCSE	20181207 12:07:28.164106
140	136	XCSE	20181207 12:07:28.184372
2	136	XCSE	20181207 12:07:28.191217
58	136	XCSE	20181207 12:07:28.191304
187	136	XCSE	20181207 12:07:30.686281
13	136	XCSE	20181207 12:07:30.686448
26	136	XCSE	20181207 12:07:30.690875
15	136	XCSE	20181207 12:07:34.693342
159	136	XCSE	20181207 12:07:37.263056
200	136	XCSE	20181207 12:07:37.263056

473	135.6	XCSE	20181207 12:15:29.217883
1	135.6	XCSE	20181207 12:15:29.239970
52	135.6	XCSE	20181207 12:20:27.378319
147	135.6	XCSE	20181207 12:20:27.378469
127	135.6	XCSE	20181207 12:20:27.378510
173	135.6	XCSE	20181207 12:20:27.378552
27	135.6	XCSE	20181207 12:20:27.398552
119	135.2	XCSE	20181207 12:45:54.144177
81	135.2	XCSE	20181207 12:45:54.144246
4	135.2	XCSE	20181207 12:45:54.168265
23	135.2	XCSE	20181207 12:51:19.319479
600	135.2	XCSE	20181207 12:56:12.660271
173	135.2	XCSE	20181207 12:56:12.660271
552	134.6	XCSE	20181207 12:56:12.756215
200	134.6	XCSE	20181207 12:56:12.756215
147	134.6	XCSE	20181207 13:10:33.026723
53	134.6	XCSE	20181207 13:10:34.082817
48	134.6	XCSE	20181207 13:10:37.126685
55	134.8	XCSE	20181207 15:10:12.914949
6	134.8	XCSE	20181207 15:13:08.826301
139	134.8	XCSE	20181207 15:13:08.850076
24	134.8	XCSE	20181207 15:13:08.850076
5	134.8	XCSE	20181207 15:13:08.873954
34	134.8	XCSE	20181207 15:15:13.509409
4	134.8	XCSE	20181207 15:21:30.690867
4	134.8	XCSE	20181207 15:22:31.698009
4	134.8	XCSE	20181207 15:23:37.701899
4	134.8	XCSE	20181207 15:24:38.706110
4	134.8	XCSE	20181207 15:25:39.712456
4	134.8	XCSE	20181207 15:26:45.713549
4	134.8	XCSE	20181207 15:27:46.717468
4	134.8	XCSE	20181207 15:28:52.722016
4	134.8	XCSE	20181207 15:29:53.725815
26	134.8	XCSE	20181207 15:30:12.690199
6	134.8	XCSE	20181207 15:34:51.674242
5	134.8	XCSE	20181207 15:34:51.698281
4	134.8	XCSE	20181207 15:36:15.076441
60	134.8	XCSE	20181207 15:40:22.539070
84	134.8	XCSE	20181207 15:40:22.539070
10	134.8	XCSE	20181207 15:42:12.932413
200	135	XCSE	20181207 15:45:17.352196
800	135	XCSE	20181207 15:45:17.352196
300	135.8	XCSE	20181207 16:01:49.678396
96	135.8	XCSE	20181207 16:01:49.678396
200	135.6	XCSE	20181207 16:12:49.531044
800	135.6	XCSE	20181207 16:12:49.531044
90	135.6	XCSE	20181207 16:17:11.954251
110	135.6	XCSE	20181207 16:17:11.954313
1	135.6	XCSE	20181207 16:17:11.978464

20181207 16:17:17.787396
20181207 16:17:33.789564
20181207 16:17:44.791410
20181207 16:17:53.112281
20181207 16:17:58.791513
20181207 16:18:09.792080
20181207 16:18:13.365812
20181207 16:18:13.365871
20181207 16:19:11.894026
20181207 16:39:22.539238
20181207 16:44:36.511763
20181207 16:44:36.511763
20181207 16:50:24.472786
20181207 16:50:24.472786