Pandora — M&A Activity 2014

Dec 8, 2014

PANDORA A/S has received the following information from Axcel III K/S 1, Axcel
III K/S 2, Axcel III K/S 3, Hakon Invest ApS (formerly Pewic Holding ApS), Per
Algot Enevoldsen and Christian Algot Enevoldsen.

Goldman Sachs International have today announced the launch of an accelerated
bookbuilt offering to institutional investors of 5.9 million existing shares in
PANDORA, equivalent to approximately 4.6 % of PANDORA'S nominal share capital,
on behalf of Axcel III K/S 1, Axcel III K/S 2, Axcel III K/S 3, Hakon Invest
ApS, Per Algot Enevoldsen and Christian Algot Enevoldsen.

PANDORA will not receive any proceeds from the transaction.

A copy of the press release from Goldman Sachs International is attached.

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 9,800 points of
sale, including more than 1,300 Concept stores.

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs over
11,000 people worldwide of whom approximately 7,800 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 more 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