Pandora — AGM Information 2014

Mar 19, 2014

At the Annual General Meeting held today in PANDORA A/S (the ‘Company’), the
Annual Report for the period from 1 January 2013 - 31 December 2013 was
adopted. In addition, the Annual General Meeting decided:

to adopt the actual remuneration for 2013 and remuneration level for 2014 to
the Board of Directors;

to pay DKK 6.50 per share or in total DKK 823 million in dividend to the
shareholders and transfer the remaining part of the profit, DKK 1,397 million,
to the Company's free reserves;

to discharge the Board of Directors and the Executive Management from liability;

to reduce the Company's share capital by a nominal amount of DKK 2,027,438
treasury shares of DKK 1, to the effect that the Company's share capital
hereafter is nominal DKK 128,115,820 and to amend the Articles of Association
after expiry of the notice period in section § 192 of the Danish Companies Act;

to amend the Company's Articles of Association in accordance with the Board of
Directors' proposals;

to amend the Company's current Remuneration Policy in accordance with the Board
of Directors' proposal;

to amend the Company's current Guidelines on Incentive Payment in accordance
with the Board of Directors' proposal;

to authorise the chairman of the Annual General Meeting to make such amendments
and additions to the resolutions passed by the Annual General Meeting and to
the application for registration with the Danish Business Authority as the
Authority may require for registration;

to increase the number of board members elected by the general meeting from 8
to 10 and to re-elect Marcello V. Bottoli, Christian Frigast, Bjørn Gulden,
Andrea Dawn Alvey, Torben Ballegaard Sørensen, Nikolaj Vejlsgaard, Ronica Wang
and Anders Boyer-Søgaard as members of the Company's Board of Directors and to
elect Per Bank and Michael Hauge Sørensen as new members of the Company's Board
of Directors; and

to re-elect Ernst & Young P/S as the Company's auditor.

After the Annual General Meeting was held, the Board of Directors constituted
itself by electing Marcello V. Bottoli as Chairman and Christian Frigast as
Deputy Chairman of the Board of Directors.

PANDORA A/S

Marcello V. Bottoli

Chairman

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ABOUT PANDORA
PANDORA designs, manufactures and markets hand-finished and modern jewellery
made from genuine materials at affordable prices. PANDORA jewellery is sold in
more than 80 countries on six continents through approximately 10,300 points of
sale, including approximately 1,100 Concept stores.

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs over
8,500 people worldwide of whom 5,900 are located in Gemopolis, Thailand, where
the company manufactures its jewellery. PANDORA is publicly listed on the
NASDAQ OMX Copenhagen stock exchange in Denmark. In 2013, PANDORA’s total
revenue was DKK 9.0 billion (approximately EUR 1.2 billion). For more
information, please visit www.pandoragroup.com.

CONTACT
For further information, please contact:

INVESTOR RELATIONS MEDIA RELATIONS
Morten Eismark Jakob Risom Langelund
VP Group Investor Relations Press Officer
Phone +45 3673 8213 Phone +45 3673 0634
Mobile +45 3045 6719 Mobile +45 6165 6540
Magnus Thorstholm Jensen
Investor Relations Officer
Phone: +45 4323 1739
Mobile: +45 3050 4402