NKT — Share Issue/Capital Change 2017

Mar 8, 2017

Nasdaq Copenhagen
Nikolaj Plads 6
DK-1007 Copenhagen K

8 March 2017
Announcement No. 5

Exercise of warrants - increase of NKT Holding’s share capital
Following requests from a number of employees to exercise their warrants from
the share option programmes issued in

• 2011 (Company Announcement No. 17 of 16 November 2011)
• 2013 (Company Announcement No. 1 of 4 January 2013) and
• 2014 (Company Announcement No. 1 of 10 January 2014)

the share capital of NKT Holding will be increased by the issue of
235,840shares of a nominal value of DKK 20 each. The share capital will thus be
increased by a total nominal amount of DKK 4,716,800.

The shares will be subscribed for based on warrants as detailed in NKT
Holding’s above-mentioned company announcements. The subscription price will be
DKK 229.92 (11,600 shares), DKK 211.78 (140,500shares) and DKK 308.24 (83,740
shares) respectively per nominal DKK 20 share.

Following the increase in share capital, NKT Holding’s registered share capital
will comprise a total of 27,071,067 shares of a nominal value of DKK 20,
corresponding to a total nominal share capital of DKK 541,421,340.

The share capital will be registered in Article 3 of NKT's Articles of
Association. 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 for the financial year 2016. The
increase in the share capital as described above will not affect NKT Holding’s
earnings expectations for 2017.

Contact
Investors
Lasse Snejbjerg
Tel.: +45 2913 6607