GN Store Nord — Director's Dealing 2012

Mar 22, 2012

March 22, 2012

ANNOUNCEMENT NO: 17

Members of the Executive Management of GN Store Nord Exercise Warrants

In accordance with Section 28a of the Danish Securities Trading Act, GN Store Nord A/S is required to publish the dealing with GN Store Nord A/S' shares and affiliated securities by executive employees and closely related parties.

Name:	Anders Boyer
Position:	Member of Executive Management
Issuer:	GN Store Nord
ISIN:	A/S DK0010272632
Type of securities:	Shares
Type of transaction:	Exercise of warrants
Trade date:	March 22, 2012
Market:	NASDAQ OMX Copenhagen
Number of shares traded:	A/S 135 ,373
Exercise price paid (DKK):	2,053,008
Market value (DKK) of shares traded:	8,088,537
sharestraded: dtarded : Net gain before tax (DKK):	6,035,529

Name:	Morten Andersen
Position:	Member of Board of Directors (employee
	representative)
Issuer:	GN Store Nord
ISIN:	A/S DK0010272632
Type of securities:	Shares
Type of transaction:	Exercise of warrants
Trade date:	March 22, 2012
Market:	NASDAQ OMX Copenhagen
Number of shares traded:	A/S 14 ,842
Exercise price paid (DKK):	169,200
Market value (DKK) of shares traded:	886,750
sharestraded: dtarded : Net gain before tax (DKK):	717,550

Name:		Nikolai Bisgaard
Position:		Member of Board of Directors (employee representative)
Issuer:		GN Store Nord
ISIN:		A/S DK0010272632
Type of securities:		Shares
Type of transaction:		Exercise of warrants
Trade date:		March 22, 2012

Market:	NASDAQ OMX Copenhagen
Number of shares traded:	A/S 9 ,276
Exercise price paid (DKK):	105,750
Market value (DKK) of shares traded:	554,241
sharestraded: dtarded : Net gain before tax (DKK):	448,491

For further information, please contact:

Mikkel Danvold VP, IR & Communications

GN Store Nord A/S Tel: +45 45 75 02 71