Bang & Olufsen — Director's Dealing 2011

Oct 13, 2011

This is a notification of changes in the shareholdings of the company's
management employees, who are obligated to give and pass on notifications,
pursuant to the Danish Securities Trading Act.

Bang & Olufsen a/s has been notified of the following transaction:

Name: Mr. Alberto Torres

Reason: Vice Chairman of the Board of Directors

Issuer: Bang & Olufsen a/s

ISIN: DK0010218429

Transaction type: Acquisition

Date: 12-10-2011

Market: NASDAQ OMX Copenhagen A/S

Number: 3,000

Price: 183,800.31

     For further information, please contact:
     Director, Global Counsel, Kim Hyldahl Hansen, tel: +45 9684 5167