Pandora — Board/Management Information 2012

Mar 16, 2012

No. 58
COMPANY ANNOUNCEMENT
16 March 2012

In the notice of 27 February 2012 convening the Annual General Meeting in
PANDORA A/S, which will be held on 20 March 2012, it was stated which
candidates who, at that point in time, had announced their intention to run for
election to the Board of Directors. Further, it was noted that during the
period from publication of the notice convening the Annual General Meeting and
until the date of the Annual General Meeting, the Board of Directors may
propose additional candidates for the election to the Board of Directors.

After the notice convening the Annual General Meeting was sent out, the Board
of Directors has decided to propose the election of two additional board
members. In addition, the Board of Directors has been informed that Erik
Danquard Jensen has decided to retire from the Board of Directors effective as
from the date of the Annual General Meeting. Accordingly, the Board of
Directors proposes the following candidates for the election to the Board of
Directors at the Annual General Meeting:

Current board members

      Allan Leslie Leighton
      Marcello Vittorio Bottoli
      Andrea Dawn Alvey
      Torben Ballegaard Sørensen
      Povl Christian Lütken Frigast
      Nikolaj Vejlsgaard

and two new candidates

      Anders Boyer-Søgaard
      Ronica Wang

A detailed description of the candidates as well as information on their
managerial positions is available on the Company's website www.pandoragroup.com
under "Annual General Meeting".

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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 65 countries on six continents through over 10,500 points of sale,
including more than 670 concept stores.

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs over
5,300 people worldwide of whom 3,600 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 2011, PANDORA’s total
revenue was DKK 6.7 billion (approximately EUR 893 million). For more
information, please visit www.pandoragroup.com.

CONTACT

For further queries, please contact:

INVESTOR RELATIONS MEDIA RELATIONS
Morten Eismark, VP Group Investor Kasper Riis, VP Group Communications
Relations Phone +45 3673 0627
Phone +45 3673 8213 Mobile +45 3035 6728
Mobile +45 3045 6719