Solar — Remuneration Information 2016

Mar 9, 2016

solar

Nasdaq Copenhagen A/S

GlobeNewswire

https://cns.omxgroup.com

Announcement no. 15 2016

Contacts:

Chairman of the Board of Directors Jens Borum - tel. +45 79 30 00 00

Director, Stakeholder Relations Charlotte Risskov Kræfting – tel. +45 40 34 29 08

Grant of share options to the Executive Board and management team of Solar A/S

Solar's Board of Directors will grant a total of 28,398 share options in 2016. The total market value is DKK 1.5m.

The Board of Directors will grant share options to the Executive Board and management team again in 2016. The exercise price is fixed at DKK 342.60 based on the average price on Nasdaq Copenhagen for the first 10 business days after publication of Annual Report 2015. The number of share options is 28,398.

Market value

The market value of the share options granted has now been determined at DKK 1.5m. Market value is calculated using the Black-Scholes model with a volatility of 29% (calculation based on the past 36 months), an interest-rate level of 0.1% and a share price of DKK 342.60. The grant is governed by the provision that share options granted will be exercised in March 2019. The measurement takes into consideration future dividend distribution of 3% of the share price.

Exercise of share options

Share options issued in 2016 can be used to acquire shares in the company in 2019 and 2020. However, options can only be exercised within the first 10 banking days following publication of the company's annual reports for 2018 and 2019, respectively.

Today, share options outstanding total 108.976.

General information on Solar's incentive scheme is available on our website:

www.solar.eu/menu/investor/downloads/policies.

Yours faithfully

Solar A/S

Jens Borum

Chairman of the Board of Directors

Solar A/S

Executive Board

Industrivej Vest 43

DK – 6600 Vejen

Denmark

Tel. +45 79 30 00 00

www.solar.eu

Ref. CRK

CVR no. 15 90 84 16

9 March 2016

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Facts about Solar

Solar Group is a leading European sourcing and services company, operating primarily within the electrical, heating and plumbing, and ventilation technology sectors. Our core business centres on product sourcing, value-adding services and optimisation of our customers' businesses.

Being a sourcing and services company, we focus on each individual customer.

We always strive to understand our customers' unique and genuine needs in order to provide relevant, personal and value-adding services, turning our customers into winners.

Solar Group is headquartered in Denmark, generated revenue of approximately DKK 10.6bn in 2015 and has some 3,000 employees. Solar has been listed on Nasdaq Copenhagen since 1953, and operates under the short designation SOLAR B.

For more information, please visit www.solar.eu.

Disclaimer

This announcement was published in Danish and English today via Nasdaq Copenhagen. In the event of any inconsistency between the two versions, the Danish version shall prevail.