Copenhagen, 2012-08-28 20:46 CEST (GLOBE NEWSWIRE) -- Acting under its share buyback authorization, the GN Store Nord Board of Directors initiated a share buyback program on August 20, 2012 in accordance with the provisions of the European Commission’s regulation no 2273/2003 of 22 December 2003, also referred to as the Safe Harbor rules (Company announcement no. 40 of August 20, 2012). The share buyback program has been initiated in order to reduce the company’s share capital. Under the share buyback program which is running from August 20, 2012 and ending no later than February 28, 2013, GN intends to buy back shares for an amount of up to DKK 400 million. The following transactions have been made under the program in the period August 20 – August 28, 2012: No. of Average purchase Transaction Value, shares price, DKK DKK -------------------------------------------------------------------------------- August 20, 2012 39,000 76.90 2,999,018 -------------------------------------------------------------------------------- August 21, 2012 35,000 77.03 2,695,980 -------------------------------------------------------------------------------- August 22, 2012 45,000 76.80 3,455,928 -------------------------------------------------------------------------------- August 23, 2012 53,000 76.79 4,069,663 -------------------------------------------------------------------------------- August 24, 2012 30,000 76.33 2,289,852 -------------------------------------------------------------------------------- August 27, 2012 42,000 76.87 3,228,666 -------------------------------------------------------------------------------- August 28, 2012 40,000 76.98 3,079,036 -------------------------------------------------------------------------------- Accumulated under the 284,000 76.82 21,818,143 program -------------------------------------------------------------------------------- Following the above transactions GN owns a total of 20,005,038 own shares corresponding to 10.3% of the company’s total share capital. Every seventh trading day GN will announce the number and value of repurchased shares in company announcements to NASDAQ OMX Copenhagen. For further information, please contact: Michael Bjergby IR & Treasury Manager GN Store Nord A/S Tel: +45 45 75 02 92