Bang & Olufsen — Director's Dealing 2014

Oct 16, 2014

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: Ole Andersen

Reason: Chairman

Issuer: Bang & Olufsen a/s

ISIN: DK0010218429

Transaction type: Acquisition

Date: 15-10-2014

Market: NASDAQ OMX Copenhagen A/S

Number: 4,400

Price in DKK: 195,360

For further information, please contact:

Investor Relations Manager, Claus Højmark Jensen, tel: +45 9684 1251