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Bang & Olufsen

Director's Dealing May 1, 2013

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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 transactions:

Name: Tue Mantoni

Reason: CEO

Issuer: Bang & Olufsen a/s

ISIN: DK0010218429

Transaction type: Acquisition

Date: 30-04-2013

Market: NASDAQ OMX Copenhagen A/S

Number: 10,000

Price in DKK: 474,600

For further information, please contact:

Director, Global Counsel, Kim Hyldahl Hansen, tel: +45 9684 5167

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