Pandora

Transaction in Own Shares • Oct 15, 2018

TRANSACTIONS IN CONNECTION WITH SHARE BUYBACK PROGRAMME

TRANSACTIONS IN CONNECTION WITH SHARE BUYBACK PROGRAMME

On 6 February 2018, PANDORA announced a share buy-back programme, cf. Company announcement no. 432. The share buyback programme is executed in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation).

The purpose of the programme is to reduce PANDORAs share capital and to meet obligations arising from employee share option programmes.

Under the programme PANDORA will buy back shares for an amount up to DKK 4,000 million in the period from 14 March 2018 to 13 March 2019.

The following transactions have been made under the programme:

	Number of shares	Average purchase price, DKK	Transaction value, DKK
Accumulated, latest announcement	4,776,648		2,272,860,740
08 October 2018	14,000	383.98	5,375,739
09 October 2018	77,500	377.43	29,250,778
10 October 2018	50,000	364.65	18,232,560
11 October 2018 20182018	5,000	348.60	1,743,000
12 October 2018	18,000	415.82	7,484,760
Accumulated under the programme	4,941,148		2,334,947,578

With the transactions stated above, PANDORA owns a total of 5,329,676 treasury shares, corresponding to 4.8% of the Company’s share capital.

In accordance with Regulation (EU) No 596/2014, all transactions related to the share buyback programme are presented in detailed form in the spread sheet attached to this Company Announcement.

**ABOUT PANDORA

**PANDORA designs, manufactures and markets hand-finished and contemporary jewellery made from high-quality materials at affordable prices. PANDORA jewellery is sold in more than 100 countries on six continents through around 7,700 points of sale, including more than 2,500 concept stores.

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more than 23,000 people worldwide of whom around 13,200 are located in Thailand, where the Company manufactures its jewellery. PANDORA is publicly listed on the Nasdaq Copenhagen stock exchange in Denmark. In 2017, PANDORA's total revenue was DKK 22.8 billion (approximately EUR 3.0 billion).

CONTACT

For more information, please contact:

INVESTOR RELATIONS    Magnus Thorstholm Jensen Vice President, Head of Investor Relations +45 7219 5739 mtje@pandora.net	CORPORATE COMMUNICATION Mads Twomey-Madsen Vice President, Corporate Communications & Sustainability +45 2510 0403 madt@pandora.net
Christian Møller Investor Relations Officer +45 7219 5361 chmo@pandora.net
Brian Granberg Investor Relations Officer +45 7219 5344 brgr@pandora.net

Attachments

• PANDORA_Company Announcement_No_475_UK
• Appendix_Company_Announcement_No_475
• Appendix_Company_Announcement_No_475