Ørsted — Share Issue/Capital Change 2016

Jun 9, 2016

NOT FOR RELEASE OR DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

This announcement does not constitute an offering circular and nothing herein
contains an offering of securities. No one should purchase or subscribe for any
securities in DONG Energy A/S ("DONG Energy" or the "Company") except on the
basis of information in the offering circular published by DONG Energy in
connection with the offering and admission of such securities to trading and
official listing on Nasdaq Copenhagen A/S (“Nasdaq Copenhagen”).

In connection with the announcement of the offering and potential admission of
its shares to trading and official listing on Nasdaq Copenhagen (the
"Offering") (see company announcement no. 15/2016 dated 26 May 2016), the Board
of Directors of DONG Energy resolved to repurchase up to a maximum of 265,000
treasury shares at the offer price established as part of the book-building
process in connection with the Offering, subject to certain conditions (see
company announcement no. 16/2016 dated 26 May 2016).

Based on the final offer price in the Offering, the Board of Directors has
resolved to repurchase 225,532 treasury shares at a price of DKK 235 per share
from the selling shareholders.

Accordingly, DONG Energy in total owns 225,904 treasury shares representing
0.05% of the share capital in DONG Energy.

The information provided in this announcement does not change DONG Energy’s
previously announced financial guidance for the financial year 2016.

For additional information, please contact:

Media Relations
Martin Barlebo
+45 99 55 95 52

Media Relations (UK only):
Victoria Palmer-Moore, Ian Middleton, Peter Ogden
Powerscourt
+44 20 7250 1446

Investor Relations
Henrik Brünniche Lund
+45 99 55 97 22

Important notice

This announcement is not an offer to sell or a solicitation of any offer to buy
any securities issued by DONG Energy A/S (the “Company”) in any jurisdiction
where such offer or sale would be unlawful and the announcement and the
information contained herein are not for distribution or release, directly or
indirectly, in or into such jurisdictions.

In any member state of the European Economic Area (“EEA Member State”), other
than Denmark, that has implemented Directive 2003/71/EC as amended (together
with any applicable implementing measures in any EEA Member State, the
“Prospectus Directive”), this announcement is only addressed to and is only
directed at investors in that EEA Member State who fulfil the criteria for
exemption from the obligation to publish an offering circular, including
qualified investors within the meaning of the Prospectus Directive.

Any securities referred to herein have not been and will not be registered
under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and
may not be offered or sold in the United States absent registration or an
exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act. There is no intention to register any
securities referred to herein in the United States or to make a public offering
of the securities in the United States. Any securities sold in the United
States will be sold only to qualified institutional buyers (as defined in Rule
144A under the Securities Act) pursuant to Rule 144A.

In the United Kingdom, this announcement and any other materials in relation to
the securities described herein are only being distributed to, and are only
directed at, and any investment or investment activity to which this
announcement relates is available only to, and will be engaged in only with,
“qualified investors” (as defined in section 86(7) of the Financial Services
and Markets Act 2000) and who are (i) persons having professional experience in
matters relating to investments who fall within the definition of “investment
professionals” in Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities
falling within Article 49(2)(a) to (d) of the Order (all such persons together
being referred to as “relevant persons”). Persons who are not relevant persons
should not take any action on the basis of this announcement and should not act
or rely on it.

In connection with the Offering the managers and any of their affiliates,
acting as investors for their own accounts, may purchase shares and in that
capacity may retain, purchase, sell, offer to sell or otherwise deal for their
own accounts in such shares and other securities of the Company or related
investments in connection with the IPO or otherwise. Accordingly, references in
the offering circular to the shares being, offered, acquired, placed or
otherwise dealt in should be read as including any offer to, or acquisition,
placing or dealing by, such managers and any of their affiliates acting as
investors for their own accounts. The managers do not intend to disclose the
extent of any such investment or transactions otherwise than in accordance with
any legal or regulatory obligations to do so.

In connection with the Offering, Morgan Stanley & Co International plc. (the
"Stabilising Manager") (or agents acting on behalf of the Stabilising Manager)
may over-allot securities or effect transactions with a view to supporting the
market price of the securities at a level higher than that which might
otherwise prevail. However, there is no assurance that the Stabilising Manager
(or agents acting on behalf of the Stabilising Manager) will undertake
stabilisation actions. Any stabilisation action may begin on or after the date
of commencement of trading and official listing of the securities on Nasdaq
Copenhagen and, if begun, may be ended at any time, but must end no later than
30 days after the date of commencement of trading and official listing of the
securities.

Matters discussed in this release may constitute forward-looking statements.
Forward-looking statements are statements that are not historical facts and
that can be identified by words such as “believe”, “expect”, “anticipate”,
“intends”, “estimate”, “will”, “may”, “continue”, “should”, and similar
expressions. The forward-looking statements in this announcement are based upon
various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict and are beyond its
control. Such risks, uncertainties, contingencies and other important factors
could cause actual events to differ materially from the expectations expressed
or implied in this release by such forward-looking statements.

The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice.

DONG Energy is one of the leading energy groups in Northern Europe,
headquartered in Denmark. Around 6,700 ambitious em­ployees are engaged in
developing, constructing and operating offshore wind farms; generating power
and heat from our power stations; providing energy to residential and business
customers and producing oil and gas. Group revenue was DKK 71bn (EUR 9.5bn) in
2015. For further information, see www.dongenergy.com