Schouw & Co.

Schouw & Co. share buy-back programme, week 1+2 2026

On 2 January 2026, Schouw & Co. initiated a share buy-back programme as outlined

in Company Announcement no. 59 of 18 December 2025. Under the programme, Schouw

& Co. will acquire shares for up to DKK 240 million during the period 2 January

to 31 December 2026.

The buy-back will be structured in accordance with Regulation (EU) No. 596/2014

of the European Parliament and of the Council of 16 April 2014 on market abuse

(MAR) and the Commission's delegated regulation (EU) 2016/1052 of 8 March 2016

("Safe Harbour" rules).

No. of Average Amount

Trading day shares price DKK DKK

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Friday, 2 January 2026 1,500 661.65 992,470

Monday, 5 January 2026 3,000 665.00 1,995,000

Tuesday, 6 January 2026 1,500 669.00 1,003,500

Wednesday, 7 January 2026 3,000 675.00 2,025,000

Thursday, 8 January 2026 3,000 675.00 2,025,000

Friday, 9 January 2026 3,000 678.00 2,034,000

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In the period 2 January

2026 - 9 January 2026 15,000 671.66 10,074,970

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Following the above transactions, Schouw & Co. holds a total of 2,257,793

treasury shares corresponding to 9.03% of the total share capital of

25,000,000 shares.

Aktieselskabet Schouw & Co.

Jørgen Dencker Wisborg, Chairman

Jens Bjerg Sørensen, President, telephone number +45 86 11 22 22

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