Pandora — Share Issue/Capital Change 2013

Nov 14, 2013

Pandora A/S has received the following information from Axcel III K/S 1, Axcel
III K/S 2, Axcel III K/S 3, Pewic Holding ApS, Per Algot Enevoldsen and
Christian Algot Enevoldsen:

Following the announcement from Goldman Sachs International, J.P. Morgan
Securities plc. and Carnegie Bank A/S today regarding the launch of an
accelerated bookbuilt offering to institutional investors, Axcel III K/S 1,
Axcel III K/S 2, Axcel III K/S 3, Pewic Holding ApS, Per Algot Enevoldsen and
Christian Algot Enevoldsen have decided to increase the placement of shares in
PANDORA A/S from 13 million shares to 20 million shares due to strong investor
demand.

A copy of the press release from J.P. Morgan Securities plc. 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 70 countries on six continents through approximately 10,300 points of
sale, including approximately 1,000 Concept stores.

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs over
7,300 people worldwide of whom 5,200 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 2012, PANDORA’s total
revenue was DKK 6.7 billion (approximately EUR 900 million). For more
information, please visit www.pandoragroup.com.

CONTACT
For further queries, please contact:

INVESTOR RELATIONS MEDIA RELATIONS
Morten Eismark Jakob Risom
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