Schouw & Co. — Director's Dealing 2016

Mar 9, 2016

TO THE DANISH FSA MARCH 09, 2016

Notification of managers and closely related parties transactions

Notification to Finanstilsynet according to the Danish Securities Trading Act etc. §28a regarding managers' transactions and closely related parties transactions.

Name	Jens Bjerg Sørensen
Reason	Member of the management board
Issuer	Aktieselskabet Schouw & Co.
Securities Code	DK0010253921
Description	Shares
Transaction	Exercise of options
Trading Date	2016-03-08
Market	Nasdaq Copenhagen
Number	40,000
Market value (DKK)	16,000,000.00

Name	Søren Geckler
Reason	Spouse §28a, 4,1
Issuer	Aktieselskabet Schouw & Co.
Securities Code	DK0010253921
Description	Shares
Transaction	Purchase
Trading Date	2016-03-09
Market	Nasdaq Copenhagen
Number	979
Market value (DKK)	382,638.50

Aktieselskabet Schouw & Co.

Jens Bjerg Sørensen President