GN Store Nord — Remuneration Information 2016

Mar 23, 2016

With reference to the General Guidelines for Incentive Pay to the Management
approved at the annual general meeting on March 10, 2016, the board of
directors of GN Store Nord A/S (GN) has granted warrants to the executive
management and other carefully selected key managers and key employees of GN,
GN ReSound A/S (GN ReSound) and GN Netcom A/S (GN Netcom).

The grant comprises a total of 6,004 warrants in GN ReSound (corresponding to
approx. 0.9% of the share capital), of which 4,728 will be issued to employees
and 1,276 to GN's executive management, and 4,063 warrants in GN Netcom
(corresponding to approx. 1.2% of the share capital), of which 2,871 will be
issued to employees and 1,192 to GN's executive management.

As a sign-on bonus, Marcus Desimoni has received an extraordinary warrant grant
(included in the figures above) of 220 warrants in GN ReSound and 213 warrants
in GN Netcom to compensate him for his loss of long-term incentive programs and
bonus from his previous employer.

Main terms and conditions for the warrant program
The grant is part of a six-year program, according to which grants shall take
place in 2016, 2017, 2018, 2019 and 2020. A maximum of 62,000 warrants in GN
ReSound and 29,200 warrants in GN Netcom shall be granted over this period.

Each warrant in GN ReSound entitles the holder to subscribe one share of
nominal DKK 100 in GN ReSound at a price of DKK 26,936. Each warrant in GN
Netcom entitles the holder to subscribe one share of nominal DKK 100 in GN
Netcom at a price of DKK 22,495.

The exercise price for the grant is calculated based on the average share price
of GN over the five trading days following the annual general meeting 2016 in
GN (DKK 134.2). This share price is allocated to GN Netcom and GN ReSound based
on equity research reports on GN with 84.7% of the share price of GN allocated
to GN ReSound and 37.9% to GN Netcom while the remaining (22.6%) value is
allocated to other GN activities.

The total fair market value of warrants granted in 2016, calculated by means of
the

Black-Scholes model and a Monte Carlo simulation, is estimated at approximately
DKK 22.6 million for GN ReSound and DKK 14.4 million for GN Netcom.

The market value of the warrant program is based on the following additional
assumptions:

-- The expected duration of the warrant program is assumed to be around six
years for both GN ReSound and GN Netcom
-- It is assumed that there will be no dividend payment in either GN Netcom or
GN ReSound in the duration of the warrant programs
-- The volatility of the GN ReSound share is assumed to be 21.9% while for GN
Netcom it is assumed to be 26.7%
-- The risk-free interest rate has been set at 0% p.a. for both the GN ReSound
program and the GN Netcom program

Vesting of the warrants is conditional upon the share price of GN Netcom and GN
ReSound, respectively, outperforming a comparative index that is calculated on
the basis of the key competitors and indicators of the world index.

Allocation of warrants to the management and employee representatives on the
board of directors of GN Store Nord A/S
In accordance with Section 28a of the Danish Securities Trading Act, GN hereby
informs that the executive management and an employee representative of the
board of directors in GN Store Nord A/S on March 23, 2016, have been allocated
the following warrants:

-- CEO of GN ReSound and member of the executive management of GN Store Nord,
Anders Hedegaard, receives 763 warrants with a fair market value of DKK
2,868,880
-- CEO of GN Netcom and member of the executive management of GN Store Nord,
René Svendsen-Tune, receives 696 warrants with a fair market value of DKK
2,463,840
-- CFO of GN Store Nord, Marcus Desimoni, receives a total of 1,009 warrants
with a fair market value of DKK 3,684,720, of which 433 warrants with a
fair market value of 1,581,220 is compensation for his loss of long-term
incentive programs and bonus from his previous employer
-- Employee representative on the board of directors of GN Store Nord, Morten
Andersen, receives 35 warrants with a fair market value of DKK 131,600

For further information please contact:

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