Pandora

AGM Information • Mar 15, 2017

At the Annual General Meeting held today in PANDORA A/S the Annual Report for
the period from 1 January 2016 to 31 December 2016 was adopted. In addition,
the Annual General Meeting decided:

to adopt the actual remuneration for 2016 and remuneration level for
2017 to the Board of Directors;

to amend the Company’s Remuneration Policy in accordance with the
Board of Directors’ proposal;

to pay DKK 9 per share or in total DKK 1,007 million in dividend to
the Company’s shareholders and transfer the remaining part of the profit to the
Company's reserves;

to discharge the Board of Directors and the Executive Management from
liability;

to reduce the minimum denomination of the Company’s shares (the
minimum nominal value of the shares) in the Company Articles of Association to
DKK 0.01 or any multiple thereof and as a consequence hereof amend articles 4.1
and 9.1 of the Company’s Articles of Association in accordance with the Board
of Directors’ proposal, however, pointing out that at present no change has
been made to the existing denomination of DKK 1 per share;

to reduce the Company's share capital by a nominal amount of DKK
4,549,430 by cancellation of nominally DKK 4,549,430 treasury shares of DKK 1,
to the effect that the Company's share capital hereafter is nominal DKK
112,507,391 and to amend article 4.1 of the Company's Articles of Association
accordingly after expiry of the notice period in section § 192 of the Danish
Companies Act;

to authorise the Board of Directors to, in the period until 14 March
2022, allow the Company to acquire treasury shares up to an aggregate nominal
value of 10 % of the Company's share capital, provided that the Company's
holding of treasury shares does not at any time exceed 10 % of the Company's
share capital;

to grant authority to the board, in accordance with sections 182-183
of the Danish Companies Act to pass one or more resolutions to distribute
extraordinary dividend of up to a total amount of DKK 27 per share of DKK 1 for
the period until the next Annual General Meeting;

to authorise the Chairman of the Annual General Meeting to make such
amendments and additions to the resolutions passed by the Annual General
Meeting and to the application for registration with the Danish Business
Authority as the Authority may require for registration;

to re-elect Peder Tuborgh, Christian Frigast, Allan Leighton, Andrea
Dawn Alvey, Ronica Wang, Anders Boyer-Søgaard, Bjørn Gulden, Per Bank and
Birgitta Stymne Göransson as members of the Company's Board of Directors; and

to re-elect Ernst & Young P/S as the Company's auditor in accordance
with the recommendation of the Audit Committee.

After the Annual General Meeting was held, the Board of Directors constituted
itself by electing Peder Tuborgh as Chairman as well as Christian Frigast as
1st Deputy Chairman and Allan Leighton as 2nd Deputy Chairman of the Board of
Directors.

PANDORA A/S

Peder Tuborgh

Chairman

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
8,100 points of sale, including more than 2,100 concept stores.

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs
around 21,500 people worldwide of whom around 12,400 are located in Thailand,
where the Company manufactures its jewellery. PANDORA is publicly listed on the
Nasdaq Copenhagen stock exchange in Denmark. In 2016, PANDORA’s total revenue
was DKK 20.3 billion (approximately EUR 2.7 billion).

CONTACT
For more information, please contact:

INVESTOR RELATIONS MEDIA RELATIONS
Magnus Thorstholm Jensen Kristian Lysgaard
Vice President, Head of Investor Relations Director, Corporate Communications
+45 7219 5739 +45 7219 5774
mtje@pandora.net krly@pandora.net
Brian Granberg
Investor Relations Officer
+45 7219 5344
brgr@pandora.net