The following shareholders have stated that their direct and/or indirect holdings of shares exceeds five per cent of the total voting rights in Bang & Olufsen A/S.

More than 10% of the Capital/Votes:

• Dyvig Holdings A/S

More than 5% of the Capital/Votes:

• ATP
• Azura Partners Boreale SARL
• Chr. Augustinus Fabrikker Akts.
• New Sparkle Roll International Group Limited
• UBS Group AG