Pandora — Share Issue/Capital Change 2013

May 21, 2013

No. 88

COMPANY ANNOUNCEMENT

21 May 2013

Pandora A/S has received the following information from Prometheus Invest ApS:

J.P. Morgan Securities plc and Nordea Markets have today announced the launch
of an accelerated bookbuilt offering to institutional investors of up to 13
million existing shares in PANDORA, equivalent to approximately 10 % of
PANDORA'S nominal share capital, on behalf of PANDORA's majority shareholder
Prometheus Invest ApS.

PANDORA will not receive any proceeds from the transaction.

A copy of the press release from J.P. Morgan Securities plc and Nordea Markets
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 over 10,300 points of sale,
including approximately 900 Concept stores.

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs over
6,000 people worldwide of whom 4,000 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, PANDORAs 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
Morten Eismark, VP Group Investor Relations
Phone +45 3673 8213
Mobile +45 3045 6719