Copenhagen, 2015-12-15 14:36 CET (GLOBE NEWSWIRE) -- Acting under its share
buyback authorization, the GN Store Nord board of directors initiated a share
buyback program on October 30, 2015 in accordance with the provisions of the
European Commission’s regulation no. 2273/2003 of December 22, 2003, also
referred to as the Safe Harbor rules (company announcement no. 59 of October
30, 2015). 

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 October
30, 2015 and ending no later than March 9, 2016, GN intends to buy back shares
for an amount of up to DKK 500 million. 

The following transactions have been made under the program in the period
December 8, 2015 – December 14, 2015: 



                            No. of       Average purchase     Transaction Value,
                            shares          price, DKK               DKK        
--------------------------------------------------------------------------------
   December 8, 2015           38,000                  124.60           4,734,948
--------------------------------------------------------------------------------
   December 9, 2015           40,000                  121.45           4,858,120
--------------------------------------------------------------------------------
   December 10, 2015          37,000                  121.42           4,492,677
--------------------------------------------------------------------------------
   December 11, 2015          40,000                  120.41           4,816,340
--------------------------------------------------------------------------------
   December 14, 2015          40,000                  119.06           4,762,484
--------------------------------------------------------------------------------
 Accumulated under the     1,187,350                  127.91         151,878,637
        program                                                                 
--------------------------------------------------------------------------------



Following the above transactions GN owns a total of 9,538,840 own shares
corresponding to 5.9% of the company’s total share capital. Every Tuesday, GN
will announce the number and value of repurchased shares in company
announcements to Nasdaq Copenhagen. 



For further information please contact:

Peter Justesen
VP – Investor Relations & Treasury
GN Store Nord A/S
Tel: +45 45 75 87 16