On 23 November 2015, Solar launched a share buy-back programme which will end
by 30 June 2016. The share buy-back is limited to DKK 70 million. The programme
is structured by the “Safe Harbour” provisions in EU’s regulation no. 2273/2003
of 22 December 2003. 

Since the publication of announcement no. 19 2015 on 23 November 2015, the
following transactions have been made under the share buy-back programme: 



Trading day                      Number of     Average transaction     Amount in
                                    shares                  prices           DKK
--------------------------------------------------------------------------------
As at 18 March 2016                124,640                  398.37    49,652,823
 accumulated                                                                    
--------------------------------------------------------------------------------
82: 21 March 2016                      500                  334.00       167,000
--------------------------------------------------------------------------------
83: 22 March 2016                      500                  335.00       167,500
--------------------------------------------------------------------------------
84: 23 March 2016                      500                  334.50       167,250
--------------------------------------------------------------------------------
As at 23 March 2016                126,140                  397.61    50,154,573
 accumulated                                                                    
--------------------------------------------------------------------------------



Following the above transactions, Solar holds a total of 191,213 Solar B shares
of nominally 
DKK 100, corresponding to 2.42% of share capital and 1.19% of votes.

Buy-back of DKK 19,845,427 remains under the programme.


Yours faithfully
Solar A/S

Anders Wilhjelm



Facts about Solar
Solar Group is a leading European sourcing and services company, operating
primarily within the electrical, heating and plumbing, and ventilation
technology sectors. Our core business centres on product sourcing, value-adding
services and optimisation of our customers’ businesses. 

Being a sourcing and services company, we focus on each individual customer. We
always strive to understand our customers’ unique and genuine needs in order to
provide relevant, personal and value-adding services, turning our customers
into winners. 

Solar Group is headquartered in Denmark, generated revenue of approximately DKK
10.6bn in 2015 and has some 3,000 employees. Solar has been listed on Nasdaq
Copenhagen since 1953, and operates under the short designation SOLAR B. 

For more information, please visit www.solar.eu.



Disclaimer
This announcement was published in Danish and English today via Nasdaq
Copenhagen. In the event of any inconsistency between the two versions, the
Danish version shall prevail.