Nasdaq Copenhagen Nikolaj Plads 6 DK-1007 Copenhagen K 18 April 2016 Announcement No. 17 Transactions in connection with share buyback programme On 26 February 2016 NKT launched a share buyback programme of up to DKK 550m, cf. Company Announcement No. 3. The programme is established and structured in accordance with Commission Regulation (EC) No 2273/2003 of 22 December 2003 (the Safe Harbour method) with the objective to initiate an adjustment of NKT’s capital structure in accordance with communicated targets. The share buyback programme will end no later than 31 January 2017. The following transactions have been made under the programme in week 15: Number of Average purchase price, Amount, shares DKK DKK Accumulated last 125,599 45,872,222 announcement 11 April 2016 3,593 387.48 1,392,208 12 April 2016 7,366 381.20 2,807,918 13 April 2016 10,000 381.29 3,812,949 14 April 2016 4,000 383.45 1,533,792 15 April 2016 5,000 378.68 1,893,387 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Accumulated under the 155,558 57,312,475 programme Including these transactions, NKT owns a total of 232,983 shares, corresponding to 0.96% of the share capital. Investor Relations contact Lasse Snejbjerg Vice President Tel. +45 2913 6607