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Bang & Olufsen

Major Shareholding Notification Jul 1, 2014

3394_mrq_2014-07-01_1a250a53-1dcc-4af7-a322-34caa75302d1.pdf

Major Shareholding Notification

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delta lloyd

Bang & Olufsen A/S Attn.: Investors Relations Peter Bang Vej 15 DK-7600 STRUER DENMARK

1 july 2014

NOTIFICATION OF A CHANGE OF A MAJOR SHAREHOLDING - BANG & OLUFSEN (ISIN: DK0010218429)

Dear Mr. Jensen,

Please be informed that due to a change of outstanding shares on June 27, 2014 Delta Lloyd N.V. and its group companies holds 6,474,847 shares, equivalent to 14.99% of the total share capital and the voting rights in the company.

We have notified the Danish FSA accordingly.

Best regards,

P.A. Knoeff For and on behalf of Delta Lloyd N.V.

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