TRANSACTIONS IN CONNECTION WITH SHARE BUYBACK PROGRAMME

Core Viewpoint - Pandora has announced a new share buyback programme aimed at reducing share capital and fulfilling obligations from incentive programmes [1]. Group 1: Share Buyback Programme Details - The programme will repurchase shares for a maximum total of DKK 4.0 billion from 6 February 2025 to 30 January 2026 [2]. - The first tranche of up to DKK 1.3 billion began on 6 February 2025 and will conclude by 6 June 2025, with Nordea appointed as the sole lead manager [2]. Group 2: Transaction Summary - As of 7 April 2025, a total of 681,757 shares have been accumulated under the programme, with a transaction value of DKK 792,878,294 [3]. - By 11 April 2025, the total number of shares accumulated reached 769,017, with a total transaction value of DKK 871,188,930 [3]. Group 3: Treasury Shares - Following the transactions, Pandora holds a total of 1,051,367 treasury shares, representing 1.3% of the company's share capital [4]. Group 4: Company Overview - Pandora is the world's largest jewellery brand, focusing on accessible luxury jewellery made from high-quality materials, sold in over 100 countries through 6,800 points of sale [5]. - The company is headquartered in Copenhagen, employs 37,000 people, and is committed to sustainability, aiming to halve greenhouse gas emissions by 2030 [6]. - In 2024, Pandora generated revenue of DKK 31.7 billion (EUR 4.2 billion) and is listed on the Nasdaq Copenhagen stock exchange [6].