Bang & Olufsen — Board/Management Information 2014

Feb 20, 2014

Struer, 2014-02-20 10:00 CET (GLOBE NEWSWIRE) -- Announcement No. 13.11

Executive Vice President and CFO Henning Bejer Beck has resigned from his
position at Bang & Olufsen in order to take up a position as CFO at Logstor
A/S.

Henning Bejer Beck will continue in his position at Bang & Olufsen until the
end of July 2014. The search for a new CFO has been initiated.

“Henning has been an important contributor to the transformation of Bang &
Olufsen, and I would like to thank him for the work he has done”, says Tue
Mantoni.

Tue Mantoni

CEO

For further Information please contact:

CEO, Tue Mantoni, Phone: +45 96 84 50 00

Investor Relations Manager, Claus Højmark Jensen, Phone: +45 23 25 10 67