Pandora

Transaction in Own Shares • Dec 3, 2018

TRANSACTIONS IN CONNECTION WITH SHARE BUYBACK PROGRAMME

TRANSACTIONS IN CONNECTION WITH SHARE BUYBACK PROGRAMME

On 6 February 2018, PANDORA announced a share buy-back programme, cf. Company announcement no. 432. The share buyback programme is executed in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation).

The purpose of the programme is to reduce PANDORAs share capital and to meet obligations arising from employee share option programmes.

Under the programme PANDORA will buy back shares for an amount up to DKK 4,000 million in the period from 14 March 2018 to 13 March 2019.

The following transactions have been made under the programme:

	Number of shares	Average purchase price, DKK	Transaction value, DKK
Accumulated, latest announcement	6,163,342		2,807,808,190
26 November 2018	45,100	362.42	16,451,693
27 November 2018	45,394	358.26	16,262,854
28 November 2018	44,916	361.96	16,257,795
29 November 2018	44,738	362.72	16,227,367
30 November 2018	47,305	357.97	16,933,771
Accumulated under the programme	6,390,795		2,889,941,671

With the transactions stated above, PANDORA owns a total of 6,779,323 treasury shares, corresponding to 6.2% of the Company’s share capital.

In accordance with Regulation (EU) No 596/2014, all transactions related to the share buyback programme are presented in detailed form in the spread sheet attached to this Company Announcement.

**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 around 7,700 points of sale, including more than 2,500 concept stores.

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more than 23,000 people worldwide of whom around 13,200 are located in Thailand, where the Company manufactures its jewellery. PANDORA is publicly listed on the Nasdaq Copenhagen stock exchange in Denmark. In 2017, PANDORA's total revenue was DKK 22.8 billion (approximately EUR 3.0 billion).

CONTACT

For more information, please contact:

INVESTOR RELATIONS    Brian Granberg Senior Investor Relations Officer +45 7219 5344 brgr@pandora.net	CORPORATE COMMUNICATION Mads Twomey-Madsen Vice President, Corporate Communications & Sustainability +45 2510 0403 madt@pandora.net
Christian Møller Investor Relations Officer +45 7219 5361 chmo@pandora.net

Attachments

• Appendix_Company_Announcement_No_485
• Appendix_Company_Announcement_No_485
• PANDORA_Company Announcement_No_485_UK