NKT — Share Issue/Capital Change 2017

Jun 1, 2017

Nasdaq Copenhagen
Nikolaj Plads 6
DK - 1007 Copenhagen K

1 June 2017
Announcement no. 13

Exercise of warrants - increase of the share capital of NKT
Following requests from a number of employees to exercise their warrants from
the share option programme issued in 2014 (Company Announcement No. 1 of 10
January 2014) the share capital of NKT will be increased by the issue of 40,675
shares of a nominal value of DKK 20 each. The share capital will thus be
increased by a total nominal amount of DKK 813,500.

The shares will be subscribed for based on warrants as detailed in
above-mentioned company announcement of NKT. The subscription price will be DKK
308.24 per nominal DKK 20 share.

Following the increase in share capital, the registered share capital of NKT
will comprise a total of 27,111,742 shares of a nominal value of DKK 20,
corresponding to a total nominal share capital of DKK 542,234,840.

The share capital will be registered in Article 2 of the Articles of
Association of NKT. An updated version of the Articles of Association is
attached and can also be found at www.nkt.dk.

The new shares will convey right to dividend from the time of issue. The
increase in the share capital as described above will not affect the earnings
expectations for 2017 of NKT.

Contact
Michael Nass Nielsen
Head of Investor Relations
Tel: +45 2494 1654