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 transactions: Name: Peter Thostrup Reason: Executive Vice President in compliance with article 28a (2.1.) of the Danish Securities Trading Act Issuer: Bang & Olufsen a/s ISIN: DK0010218429 Designation: Shares Nature of Transaction: Purchase (Execution of options) Trading Date: 30th of April 2007 Market: Copenhagen Stock Exchange Number: 3.000 Market price (DKK): 1.080.000 Name: Peter Thostrup Reason: Executive Vice President in compliance with article 28a (2.1.) of the Danish Securities Trading Act Issuer: Bang & Olufsen a/s ISIN: DK0010218429 Designation: Shares Nature of Transaction: Sale Trading Date: 30th of April 2007 Market: Copenhagen Stock Exchange Number: 3.000 Market price (DKK): 2.142.990 Contact: Kim Bo Hansen Global Counsel Phone +45 9684 5167
Notification of changes in the shareholdings of the company's management employees
| Source: Bang & Olufsen A/S