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 Christian Winther Reason Senior Vice President, in compliance with article 28 a (2.1.) of the Danish Securities Trading Act Issuer Bang & Olufsen a/s ISIN DK0060177624 Designation Subscription rights Nature of Transaction Purchase Trading Date 28-29 April 2009 Market OMX Nordic Exchange Copenhagen A/S Number 13,700 Market price (DKK) 237,010 Kim Bo Hansen Director, Global Counsel For any further information, please contact: Director, Global Counsel Kim Bo Hansen, tel.: +45 9684 5167.