Fagron N.V.

Major Shareholding Notification • Jul 29, 2015

FORM TR-1 BE
PART I

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1) Status of the notification
	Final
2) Issuer
	Name FAGRON Identification number 0890-535-026
3) Reason for the notification
	Downward crossing of the lowest threshold
	Acquisition or disposal of voting securities or voting rights
4) Notification by
	A parent undertaking or a controlling person
5) Persons subject to the notification requirement
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	Danske Bank A/S.	Holmens Kanal 2-12, DK-1092 Kebenhavn K
	6) Persons that dispose of. voting rights (Only to be filled in if art. 7 of the Law applies)
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	Please continue entering the information in part il concerning the	$\mathbf{C} \cap \emptyset$ k persons referred to in points 5 and 6
7) Date on which the threshold is crossed
	17-07-2015	(DDMMAYYYYY)
8) Threshold that is crossed (in %)
	$\mathbf{3}$
		it the holding has fallen befow the lowest threshold, you have the option of not entering any numbers under point 10
9) Denominator
	31.667.794

Elease enter the demoninator before filling in the data

10) Notified details

A) Voting rights	Previous notification	After the transaction
	# of volting rights	# of voting rights		% of vating rights
Holders of voling rights'		Linked to securities	Not linked to the securities	Linked to securities	Not linked to the securities
Danske Bank A/S	742.987	710.996		2.25%
Danske Invest-Fund Management Ltd	12.135	12.819		0.04%
Danske Invest Management Company S	229,553	223.392		0.71%
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	TOTAL	947.207		2.99%

Least with "groups" of holders. Calculate subsolats and then finish with the persons.
Start with "groups" of holders. Calculate subsolats and then finish who are "along".

The totals, subtotals and % will be updated once you have clicked on

B) Equivalent financial instruments	After the transaction
Holders of equivalent financial instruments	Type of financial instrument	Expiration date	Exercise period or date	# of voting rights that may be acquired if the instrument is exercised	% of voting rights
	TOTAL		(in calation to all expiration dates)

The totals will be undated once you have clicked on

TOTAL (Voting rights & Equivalent financial instruments)	# of voling rights	% of voting rights.
	CALCULATE	947.207	2,99%

11) Chain of controlled undertakings through which the holding is effectively held, if applicable

Please describe, or join a diagram in attachment

Danske Invest Fund Management Ltd and Danske Invest Management Company SA are fund management companies, ultimately controlled by
Dankse Bank A/S. Danske Bank is not controlled entity. Danske invest Fund Management Ltd (Hi

12) In case of proxy voting for only one GM

Holder

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All cease to hold / will hold again

voting rights as of

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13) Additional information

	A) Convertible bonds and rights to subscribe to voting securities not yet issued
l Holder	Type of financial instrument	Expiration date (DOMM/YYYY)	Exercise/Conversion period or date	Number	# of voling rights that may be acquired if the instrument is exercised/converted
B) Shares without voling rights
Holder	Number
C) Remarks
Danske Bank A/S holds directly 1.814 Fagron shares and manages 3 funds: investeringen Danske Invest (535.056 shares), Mercar CHF Fund PLC (38.619 shares), and Stichting Pensioenfonds Hoogovens (107.307 shares) and is, in such capacity, authorised to exercise in its sole and absolute discretion the voting rights attached to the Fargon shares held by sech fund. Danske kwest Fund Management Ltd is the fund manager of 'Danske Invest Finland' and Danske Invest Management Company SA is the fund manager of 'Danske Invest FCP Luxembourg': these 2 companies are, in such capacity, authorised to exercise in their sole and absolute discretion the voting rights attached to the Fagron shares held by each fund.

Dona at	Kebanhavn, Denmark
On	21-07-2015	(DD/MM/YYYY)
Name & capacity

Monika Bierle Jensen

Signature.

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