Demant

AGM Information • Apr 9, 2013

Company announcement no 2013-04 9
April 2013

Annual general meeting

Today, William Demant Holding A/S held its annual general meeting at the
Company's premises, Kongebakken 9, 2765 Smørum, Denmark. The Board's proposals
were approved in full by the ge­neral meeting, implying among others the
following decisions:

-- The year's profits, DKK 1,029 million, will be transferred to the Company's
reserves.
-- Mr Lars Nørby Johansen, Mr Peter Foss, Mr Niels B. Christiansen and Mr
Thomas Hofman-Bang were re-elected Directors of the Board.
-- The Company's auditors, Deloitte Statsautoriseret Revisionspartnerselskab,
were re-elected.
-- The Board was authorised to reduce the Company's share capital by DKK
1,688,237 nominal value, corresponding to the Company's holding of treasury
shares. The Company's holding of treasury shares was acquired in connection
with the Company's share buy-back programme in 2011 and 2012. As a result
of the capital reduction, article 4.1 of the articles of association will
be amended four weeks after expiry of the time limit for the filing of
claims by creditors.
-- Until the next ordinary general meeting, the Board was authorised to let
the Company acquire
treasury shares with a nominal value of up to 10% of the share capital.

At the general meeting, the Chairman of the Board, Mr Lars Nørby Johansen, gave
an account of the Group's development in 2012, among other topics. He said:

"Viewed in isolation, consolidated revenue and net profit trends in 2012 were
modest compared with previous years. However, this is perhaps not very
surprising, especially considering that in the past two years, i.e. in 2010 and
2011, our three hearing aid brands combined generated wholesale unit growth of
almost 30% – and in a market that grew by a mere 3-4% annually in the same
period."

"The decisive development is that in January 2013, Oticon launched a brand new
technological platform and the Premium family, Oticon Alta, and has started its
next product cycle and thus a period of revitalised growth. After the first few
months on the market, the feedback from customers and end-users alike is very
positive, and internal as well as external tests have confirmed Oticon Alta's
audiological qualities and features."

After the general meeting, the Board of Directors elected Mr Lars Nørby
Johansen Chairman and
Mr Peter Foss Deputy Chairman of the Board.

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Further information:

Niels Jacobsen, President & CEO

Phone +45-39 17 71 00

www.demant.com