Bang & Olufsen — Director's Dealing 2014

Oct 7, 2014

BANG & OLUFSEN A/S 7 OCTOBER 2014

Announcement of managerial staffs etc. trading with company shares

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:	Anders Aakær Jensen
Reason:	Executive Vice President & CFO
lssuer:	Bang & Olufsen a/s
ISIN:	DK0010218429
Transaction type:	Acquisition
Date:	07-10-2014
Market:	NASDAQ OMX Copenhagen A/S
Number:	7,200
Price in DKK:	360,000

For further information, please contact:

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