GN Store Nord — M&A Activity 2017

Jan 3, 2017

On September 25, 2016, GN Hearing announced a contingent agreement to divest
Otometrics to Natus Medical Inc. (“Natus”).

The divestment will further strengthen GN Hearing’s focus and strategic
direction as a dedicated hearing instrument company, with GN Hearing being in a
unique position to continue to deliver industry leading growth and
profitability.

Today, all necessary conditions, including relevant regulatory approvals, have
been met and GN Hearing has completed the divestment of Otometrics.

“The divestment of Otometrics underlines GN Hearing’s dedicated and focused
hearing instrument strategy. Together with our innovation leadership and
technology agility, we want to continue to create shareholder value based on
our core competencies within sound processing”, 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