Thrane & Thrane - issue as a consequence of utilization of warrants and bonus shares


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|                                      |           Copenhagen, 31 January 2008 |
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Thrane & Thrane - issue as a consequence of utilization of warrants and bonus   
shares                                                                          

The sharecapital of Thrane & Thrane will be increased by 49,982 new shares of a 
nominal DKK 20. The listing will take effect on 4 February 2008.                

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| ISIN                      | Name                                             |
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| DK0010279215              | Thrane & Thrane                                  |
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The capital increase has been registered with the Danish Commerce and Companies 
Agency.                                                                         

For further information, please see announcements from Thrane & Thrane, e.g.    
announcement of 15 January 2008.                                                

For further information, please contact: Helene Gaustad Jeppesen, Surveillance, 
tel. +45 33 93 33 66                                                            
ISIN: DK0010279215 (VP: 1027921)                                                

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| Name:                          | Thrane & Thrane                             |
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| Volume of shares before issue: | 5,553,012 shares (DKK 111,060,240)          |
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| Change due to employees in the | 14,000 shares (DKK 280,000)                 |
| company having utilized an     |                                             |
| offer to purchase bonus        |                                             |
| shares:                        |                                             |
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| Change due to exercise of      | 35,982 shares (DKK 791,640)                 |
| warrants:                      |                                             |
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| Volume of shares after         | 5,602,994 shares (DKK 112,159,880)          |
| changes:                       |                                             |
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| Exercise prices:               | DKK 157.90 - 5,982 shares                   |
|                                | DKK 145.20 - 30,000 shares                  |
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| Dividend:                      | Full for 2007/08                            |
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| Face value:                    | DKK 20                                      |
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| Short name:                    | THRAN                                       |
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| Share type:                    | AKTIE                                       |
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GENERAL INFORMATION                                                             

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| Name/bearer:                   | Bearer                                      |
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| Voting rights on listed        | Full                                        |
| shares:                        |                                             |
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| Financial year:                | 1 May - 30 April                            |
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| Unlisted capital:              | DKK 0                                       |
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| Capital increase registered:   | Yes                                         |
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| Issuing bank:                  | Danske Bank A/S                             |
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| Trading lot:                   | 25                                          |
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| CBR no.:                       | 65 72 46 18                                 |
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| GICS:                          | 45201020                                    |
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| Type:                          | 15                                          |
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Anhänge

thrane  thrane - war  fondsaktier - jan uk.pdf
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