Pandora

Director's Dealing • Feb 22, 2018

PANDORA hereby reports transactions in shares by executive employees and
closely related parties in the PANDORA share.

Bjørn Gulden, member of the Board of Directors, has today exercised 7,114 stock
options and now owns a total of 35,521 shares.

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
7,800points of sale, including more than 2,400 concept stores.

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more
than 27,300 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 3.1 billion).

CONTACT
For more information, please contact:

INVESTOR RELATIONS MEDIA RELATIONS
Magnus Thorstholm Jensen Martin Kjærsgaard Nielsen
Vice President, Head of Investor Head of Media Relations, Corporate
Relations Communications
+45 7219 5739 +45 5077 5271
mtje@pandora.net mnie@pandora.net
Christian Møller
Investor Relations Officer
+45 7219 5361
chmo@pandora.net