Bang & Olufsen — Director's Dealing 2023

Aug 23, 2023

BANG & OLUFSEN A/S

23 AUGUST 2023

ANNOUNCEMENT NO. 23.05

Notification of transactions by persons discharging managerial responsibilities

As part of the implementation of Bang & Olufsen A/S' long-term share-based incentive programs certain members of management have acquired shares in Bang & Olufsen A/S vested under the programs. In that connection, Bang & Olufsen A/S has received notification pursuant to article 19 of regulation (EU) no. 596/2014 of the below transactions related to shares in Bang & Olufsen made by persons discharging managerial responsibilities in Bang & Olufsen A/S and/or persons closely related with them.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kristian Teär
2	Reason for the notification
a)	Position/status	CEO
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Bang & Olufsen A/S
b)	LEI	52990018KGR3ILFDNJ20
4	Details of the transaction(s)
a)	Description of the financial instrument, type of instrument
Identification code	Shares, ISIN-code DK0010218429
b)	Nature of the transaction	Transaction pursuant to the company's long-term share-based incentive programs.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		DKK 0.05 per share	306,004 shares
d)	Aggregated information
- Aggregated volume
- Price	N/A
e)	Date of the transaction	2023-08-23 12:14 pm UCT (14:14 pm CEST)
f)	Place of the transaction	Outside the trading venue

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BANG & OLUFSEN A/S
23 AUGUST 2023
ANNOUNCEMENT NO. 23.05

For more information, please contact:

Cristina Rønde Hefting
Investor Relations
Phone: +45 4153 7303

Jens Gamborg
Global sustainability and Communications
Phone: +45 2496 9371

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