Schouw & Co. share buy-back programme, week 41 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 3 October
2025 146,600 597.38 87,575,235
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Monday, 6 October 2025 1,200 594.32 713,184

Tuesday, 7 October 2025 1,200 598.50 718,200

Wednesday, 8 October 2025 1,200 598.52 718,224

Thursday, 9 October 2025 1,200 600.83 720,996

Friday, 10 October 2025 1,200 611.63 733,956
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In the period 6 October 2025
- 10 October 2025 6,000 600.76 3,604,560
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Accumulated until 10 October
2025 152,600 597.51 91,179,795
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Following the above transactions, Schouw & Co. holds a total of 2,194,593
treasury shares corresponding to 8.78% 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