GN Store Nord — M&A Activity 2016

Jul 1, 2016

On May 15, 2016, GN Hearing announced a contingent agreement to acquire Audigy
Group (“Audigy”), a preeminent provider of business and performance management
solutions to independent hearing care professionals and leading University
programs in North America. Today, all necessary conditions, including relevant
regulatory approvals, have been met and GN Hearing has completed the
acquisition of Audigy.

The acquisition reflects GN Hearing’s ambition to continuously offer leading
products and services to its customers while maintaining GN Hearing’s strict
focus on its innovative hearing aid wholesale business, which has driven
significant market share gains in recent years.

Audigy will be a separate company and subsidiary of GN Hearing’s US business
entity. Our objective is to preserve and benefit from Audigy’s unique business
model and strong management team.

“The acquisition of Audigy supports GN Hearing’s strong momentum by allowing GN
Hearing to be an even better partner to its customers. With the acquisition, GN
Hearing can offer unique business and performance management solutions to many
of its customers, in addition to our continued offering of the world’s leading
hearing aid technology”, said Anders Hedegaard, CEO of GN Hearing.

For further information please contact:

Peter Justesen
VP – Investor Relations & Treasury
GN Store Nord A/S
Tel: +45 45 75 87 16