Bang & Olufsen

AGM Information • Sep 19, 2013

Struer, 2013-09-19 16:36 CEST (GLOBE NEWSWIRE) -- Company announcement no. 13.06

At today’s Annual General Meeting, the following resolutions were approved in
accordance with the agenda:

The Annual General Meeting took note of the Board of Directors' report,
approved the company's audited Annual Report for the financial year 2012/13 and
granted discharge to the company's Management Board and Board of Directors.

The Annual General Meeting resolved that no dividend should be paid.

The Board of Directors submitted the following proposals which were all adopted
by the Annual General Meeting:

-- Approval of the remuneration to the Board of Directors for the on-going
financial year.
-- Authorisation to the Board of Directors to let the company buy back own
shares.
-- Amendment of the company's "General guidelines concerning incentive-based
remuneration".
-- Amendment of the company's objects as set out in section 3.1 of the
Articles of Association.
-- Amendment of article 4 of the Articles of Association regarding
authorisations to the Board of Directors to make resolutions on executing
one or more capital increases with or without, respectively, pre-emptive
subscription rights for the existing shareholders (as further set out in
company announcement no. 13.03, published on 27 August 2013).
-- Amendment of the deadline for shareholders' submission of postal votes as
set out in section 7.5 of the Articles of Association.

The board members Ole Andersen, Rolf Eriksen, Jesper Jarlbæk, Jim Hagemann
Snabe and André Loesekrug-Pietri were re-elected to the Board of Directors.
Majken Schultz was elected as a new member of the Board of Directors.

The accounting firm Ernst & Young P/S was re-elected as auditors of the company.

Following the Annual General Meeting, the Board of Directors constituted itself
with

Ole Andersen as Chairman and Jim Hagemann Snabe as Vice Chairman.

Ole Andersen Tue Mantoni

Chairman President & CEO