This is a notification of changes in the shareholdings of the company's management employees, who are obligated to give and pass on notifications, pursuant to the Danish Securities Trading Act. Bang & Olufsen a/s has been notified of the following transaction: Name: Mr. Alberto Torres ---------------------------------------------------------- Reason: Vice Chairman of the Board of Directors ---------------------------------------------------------- Issuer: Bang & Olufsen a/s ---------------------------------------------------------- ISIN: DK0010218429 ---------------------------------------------------------- Transaction type: Acquisition ---------------------------------------------------------- Date: 12-10-2011 ---------------------------------------------------------- Market: NASDAQ OMX Copenhagen A/S ---------------------------------------------------------- Number: 3,000 ---------------------------------------------------------- Price: 183,800.31 ---------------------------------------------------------- For further information, please contact: Director, Global Counsel, Kim Hyldahl Hansen, tel: +45 9684 5167