Columbus — Capital/Financing Update 2012

May 23, 2012

                          Release no. 10/2012

Incentive scheme

To strengthen Columbus A/S’s results and value creation for the company’s
share­holders, and to attract, retain and motivate senior executives, the Board
of Directors has decided to grant a share warrant scheme to members of the
Board of Directors and a number of senior executives and employees in Columbus
A/S and subsidiaries.

The exercise price is based on the average quoted share price in the 14 trading
days prior to the grant date.

The share warrant scheme is contingent on employment in the company/membership
of the Board of Directors in the below-mentioned periods.

The share warrant scheme will not be adjusted in the event of changes in
capital.

Share warrants based on employment/membership of the Board of Directors:

Period Right to subscribe Conditions
shares at DKK 1.25
(nom.) per share

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January 1st 2012 1,290,000 shares at DKK Employment/membership of Board of
– December 31st 1.48 per share Directors in Columbus A/S at
2012: December 31st 2012
January 1st 2013 1,290,000 shares at DKK Employment/membership of Board of
– December 31st 1.48 per share Directors in Columbus A/S at
2013: December 31st 2013
January 1st 2014 1,290,000 shares at DKK Employment/membership of Board of
– December 31st 1.48 per share Directors in Columbus A/S at
2014: December 31st 2014

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If all warrants are exercised, the total capital increase will amount to DKK
4,837,500 (nom.), corresponding to 3,870,000 shares of DKK 1.25.

The exercise periods are scheduled to the first 14 days after publication of
the company’s first financial statements succeeding expiry of the relevant
vesting periods. The first exercise period is scheduled to the first 14 days
after publication of the company’s financial statements for 2012. The second
exercise period is scheduled to the first 14 days after publication of the
company’s financial statements for 2013. The third exercise period is scheduled
to the first 14 days after publication of the company’s financial statements
for 2014.

On the basis of Black & Scholes’ calculation, the total market value forecast
of the scheme is up to DKK 1.3M which will be expensed in 2012, 2013 and 2014.

Following the grant DKK 5,162,500 of the nominal value will remain of the
Board’s authorization to issue warrants.

Ib Kunøe Thomas Honoré

Chairman CEO

Columbus A/S Columbus A/S

For further information, please contact:

CEO Thomas Honoré, T: +45 70 20 50 00.

Translation: In the event of any inconsistency between this document and the
Danish language version, the Danish language version shall be the governing
version.