Schouw & Co. share buy-back programme, week 32 2025

On 5 May 2025, Schouw & Co. initiated a share buy-back programme as outlined in
Company Announcement no. 20 of 2 May 2025. Under the programme, Schouw & Co.
will acquire shares for up to DKK 120 million during the period 5 May to 31
December 2025.

The buy-back will be structured in accordance with Regulation (EU) No. 596/2014
of the European Parliament and of the Council of 16 April 2014 on market abuse
(MAR) and the Commission's delegated regulation (EU) 2016/1052 of 8 March 2016
("Safe Harbour" rules).

No. of Average
Trading day shares price Amount
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Accumulated until 1 August
2025 87,500 594.60 52,027,522
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Monday, 4 August 2025 1,300 616.35 801,255

Tuesday, 5 August 2025 1,300 616.64 801,632

Wednesday, 6 August 2025 1,300 618.26 803,738

Thursday, 7 August 2025 1,000 623.46 623,460

Friday, 8 August 2025 1,000 625.63 625,630
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In the period 4 August 2025 -
8 August 2025 5,900 619.61 3,655,715
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Accumulated until 8 August
2025 93,400 596.18 55,683,237
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Following the above transactions, Schouw & Co. holds a total of 2,135,393
treasury shares corresponding to 8.54% of the total share capital of
25,000,000 shares.

Aktieselskabet Schouw & Co.

Jørgen Dencker Wisborg, Chairman
Jens Bjerg Sørensen, President, telephone number +45 86 11 22 22