Bang & Olufsen — Major Shareholding Notification 2016

Apr 14, 2016

Struer, 2016-04-14 21:04 CEST (GLOBE NEWSWIRE) -- Company Announcement no. 15.15

Pursuant to Section 29 of the Danish Securities Trading Act, Bang & Olufsen a/s
hereby announces that it has received the attached announcement from Nordea
Investment Funds SA.

The mutual funds managed by Nordea Investments Funds SA have on 14 April 2016
recalled lent out shares in Bang & Olufsen a/s. After this action, the mutual
funds managed by Nordea Investment Funds SA own 2,187,089 ordinary shares
equivalent to 5.063 per cent of the total outstanding number of shares.

For further information, please contact:

Claus Højmark Jensen, tel: +45 9684 1251