ALK-Abelló

Director's Dealing • May 25, 2016

Company release No 21/2016

Hørsholm 25 May 2016 Report on transactions with ALK-Abelló A/S B-shares and associated securities by managerial staff

Page 1/1 ALK (ALKB:DC / OMX: ALK B / AKABY / AKBLF): Pursuant to section 28(a) of the Danish Securities Trading Act, ALK-Abelló A/S shall report transactions under securities identification code (ISIN) DK0060027142, ALK-Abelló B shares under the symbol ALK B:

Name	Henrik Jacobi
Reason	Member of the Board of Management
Transaction	Exercise of share options (purchase of shares – cash settlement)
Trading date	25 May 2016
Market	NASDAQ Copenhagen A/S
Number	13,400
Share price	425
Market value	DKK 5,695,772
Name	Henrik Jacobi
Reason	Member of the Board of Management
Transaction	Exercise of share options (sale of shares – cash settlement)
Trading date	25 May 2016
Market	NASDAQ Copenhagen A/S
Number	13,400
Share price	1,260

Calculation of share price

When calculating the share price in connection with exercise of options, the purchase price is based on the price at grant adjusted upwards annually by 2.5% less dividend payments.

The Board of Directors has decided that these share options will be settled in cash and the final settlement is based on the average price of the Company's B shares quoted on NASDAQ Copenhagen A/S in a period of ten days.

ALK-Abelló A/S

For further information please contact:

Investor Relations: Per Plotnikof, tel. +45 4574 7527, mobile +45 2261 2525