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. Name Peter Skak Olufsen Reason Member of the Board of Directors, in compliance with article 28 a (2.1.) of the Danish Securities Trading Act Issuer Bang & Olufsen a/s ISIN DK0060177624 Designation Subsription rights Nature of Transaction Sale Trading Date 24 April 2009 Market OMX Nordic Exchange Copenhagen A/S Number 98,000 Market price (DKK) 1,977,420.60 Kim Bo Hansen Director, Global Counsel For any further information, please contact: Director, Global Counsel Kim Bo Hansen, tel.: +45 9684 5167.