Demant

AGM Information • Apr 9, 2014

Company announcement no 2014-03 9 April 2014

Annual general meeting

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

-- In future, the Company’s annual report and interim report must be prepared
and presented in English only.
-- The Company’s Annual Report 2013 was approved, and the year’s profit, DKK
1,157 million, will be transferred to the Company’s reserves.
-- Mr Lars Nørby Johansen, Mr Peter Foss and Mr Niels B. Christiansen were
re-elected members of the Board of Directors, and Ms Benedikte Leroy was
elected new member of the Board.
-- The Company’s auditors, Deloitte Statsautoriseret Revisionspartnerselskab,
were re-elected.
-- Until the next ordinary general meeting, the Board was authorised to let
the Company buy back 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
among other topics an account of the Group’s development in 2013. He said:

”2013 was a good year for the William Demant Group with fair revenue and
earnings growth. The improvement was satisfactory not least in the light of the
changes witnessed in the past few years, which have altered the competitive
picture in our industry and contributed to hampering market growth. The
challenging market situation makes more demands on all players, and in the
William Demant Group, we have chosen to invest massively in the future, and I
am confident that our unique position in hearing healthcare will drive our
future growth.”

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:
Other contacts:

Niels Jacobsen, President & CEO Stefan
Ingildsen, SVP Finance

Phone +45 3917 7300 Søren B.
Andersson, VP IR

www.demant.com Rasmus
Sørensen, IR Officer