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Pandora Share Issue/Capital Change 2016

Apr 15, 2016

3379_rns_2016-04-15_9be6bb2f-ed1c-44c3-a9d0-3bd829761efb.pdf

Share Issue/Capital Change

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PANDORA

PANDORA A/S
Hovedvejen 2 | DK-2600 Glostrup | Denmark
Tel. +45 3672 0044
www.pandoragroup.com

No. 298
COMPANY ANNOUNCEMENT
15 April 2016

PANDORA REDUCES TREASURY SHARES TO LESS THAN 5% OF SHARE CAPITAL

In accordance with Section 29 of the Danish Securities Trading Act, it is hereby announced that PANDORA A/S as of today owns a total of 1,521,365 treasury shares of nominally DKK 1 and hereby owns less than 5% of the total share capital and the total voting rights in the Company.

The decrease in number of treasury shares is a consequence of the share capital reduction decided by the Company's Annual General Meeting on 16 March 2016, which was completed today cf. Company announcement no. 297.

ABOUT PANDORA

PANDORA designs, manufactures and markets hand-finished and contemporary jewellery made from high-quality materials at affordable prices. PANDORA jewellery is sold in more than 100 countries on six continents through approximately 9,300 points of sale, including around 1,800 concept stores.

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more than 16,700 people worldwide of whom approximately 11,000 are located in Gemopolis, Thailand, where the company manufactures its jewellery. PANDORA is publicly listed on the NASDAQ Copenhagen stock exchange in Denmark. In 2015, PANDORA's total revenue was DKK 16.7 billion (approximately EUR 2.2 billion).

CONTACT

For more information, please contact:

INVESTOR RELATIONS
Morten Raunholt Eismark
VP Group Investor Relations
Phone +45 3673 8213
Mobile +45 3045 6719

MAGNUS Thorstholm Jensen
Senior Investor Relations Officer
Phone +45 4323 1739
Mobile +45 3050 4402

MEDIA RELATIONS
Kristian Lysgaard
Director, Group Communications
Phone +45 4323 1774
Mobile +45 2556 8561

15 April 2016 | COMPANY ANNOUNCEMENT No. 298 | page 1 | 1