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. Jesper Olesen -------------------------------------------------------------------- Reason: Employee-elected member of the Board of Directors -------------------------------------------------------------------- Issuer: Bang & Olufsen a/s -------------------------------------------------------------------- ISIN: DK0010218429 -------------------------------------------------------------------- Transaction type: Acquisition -------------------------------------------------------------------- Date: 18-04-2012 -------------------------------------------------------------------- Market: NASDAQ OMX Copenhagen A/S -------------------------------------------------------------------- Number: 1,350 -------------------------------------------------------------------- Price in DKK: 97,875.00 -------------------------------------------------------------------- For further information, please contact: Director, Global Counsel, Kim Hyldahl Hansen, tel: +45 9684 5167