Demant

AGM Information • Mar 9, 2016

To the shareholders of William Demant Holding A/S

Notice is hereby given of the Annual General Meeting of William Demant Holding
A/S to be held on:

Thursday, 7 April 2016 at 4 p.m. CET

at the Company's address

Kongebakken 9, 2765 Smørum, Denmark

Agenda

In accordance with Article 8.2 of the Articles of Association, the agenda is as
follows:

1. Report of the Board of Directors on the Company's activities during the
   past year.

The Board of Directors recommends that the report be adopted.

1. Presentation for approval of the audited annual report, including the
   consolidated financial statements.

The Board of Directors recommends that the annual report be approved.

1. Approval of remuneration for the Board of Directors for the current
   financial year.

The Board of Directors recommends that the proposed remuneration be approved.

1. Resolution on the appropriation of profit or covering of loss according to
   the approved annual report.

The Board of Directors proposes that the profit of DKK 1,171 million be
transferred to the Company's reserves to the effect that no dividend be paid.

1. Election of members to the Board of Directors.

Under Article 11.2 of the Articles of Association, board members elected by the
AGM are elected for one-year terms. At the 2016 AGM, Lars Nørby Johansen, Peter
Foss, Niels B. Christiansen and Benedikte Leroy stand for re-election. The
Board of Directors further proposes that Lars Rasmussen be elected as new
member of the Board of Directors.

1. Election of auditor.

The Board of Directors proposes that Deloitte Statsautoriseret
Revisionspartnerselskab be re-elected.

1. Any proposal from the Board of Directors or shareholders.

The Board of Directors has submitted the following proposals:

a) Reduction of the Company's share capital

b) Authorisation to the Board of Directors to let the Company acquire own shares

c) Approval of the Company's Remuneration Policy and General Guidelines on
Incentive Pay

d) Amendment to the Company's Articles of Association

i. Amendments to Articles 4.1 and 9.1 of the Articles of Association
(denomination of shares and voting rights per share)

ii. Amendments to Articles 5.1 and 7.4 of the Articles of Association
(registered shares and method of convening)

iii. Amendment to Article 13.1 of the Articles of Association (power to bind
the Company)

iv. Amendment to Article 12.1 of the Articles of Association (Executive Board)

e) Authorisation for increase of capital

f) Authority to the chairman of the AGM

1. Any other business

The full proposals can be seen in the attached notice.

Before the AGM, coffee and cake will be served from 3 p.m. Parking spaces have
been reserved at the main entrance, and there will be free, regular transport
from the nearby Kildedal S-train station between 2.40 and 3.20 p.m. and back
again after the AGM.

Please note that the entire AGM will be transmitted live on the Company's
website, and shortly before 4 p.m., you can watch live coverage with audio
throughout the meeting on www.demant.com.

The Board of Directors

Further information: Other
contacts:

Niels Jacobsen, President & CEO Søren B.
Andersson, VP IR

Phone +45 3917 7300 Rasmus
Sørensen, IR Officer

www.demant.com