Major shareholder announcement

In continuation of the announcement and completion of the private placement as per company announcement no. 24.19, Bang & Olufsen A/S ("B&O" or the "Company") has received notice of the following:

• Arbejdsmarkedets Tillægspension ("ATP") subscribed for shares in the private placement and, as a result of dilution, now holds less than 10 per cent of the total number of shares and voting rights in B&O.

For more information, please contact:

Cristina Rønde Hefting
Sr. Director, Head of Strategy & Investor Relations
Phone: +45 4153 7303

Attachment

• BO_2421_ Major Shareholder Announcement ATP UK