Notice of Annual General Meeting 2008 and information about future Supervisory Board composition

Please find enclosed notice of the Annual General Meeting 2008 of GN Store Nord
A/S as well as the complete proposals for resolutions with an appendix on
general guidelines for incentive pay to the management. 

In addition, the registered shareholders of GN Store Nord will receive the
following wording:

To the shareholders of GN Store Nord A/S

In connection with item e) on the agenda - election of members to the
Supervisory Board - the Supervisory Board of GN Store Nord announces the
following: 

In November 2007, GN Store Nord resolved to introduce a new governance
structure with two separate executive management teams focusing on the headset
business (GN Netcom) and the hearing instrument business (GN ReSound),
respectively. GN Store Nord's group executive management consists of the two
businesses' CEOs as equally ranked executives and supported by a small group
secretariat. 

On February 12, 2008 GN Store Nord appointed Mike van der Wallen as CEO of GN
ReSound with effect from March 1, 2008. He and Toon Bouten, CEO of GN Netcom,
will make up the group executive management of GN Store Nord.

Anders Boyer will continue as CFO of GN Netcom, and when a new CFO is appointed
in GN ReSound in the near future the management team of this business will also
be in place.

The Supervisory Board of GN Store Nord should reflect that GN Store Nord
consists of two focused and separate businesses. Thus, the Supervisory Board
should comprise competencies and experience so that it may support the hearing
instrument business with med-tech expertise and the headset business with
consumer electronics expertise. Last year, new members with skill sets
especially relevant to GN Netcom were elected to the Supervisory Board. A
natural next step would then be to elect members to the Supervisory Board who
would bring expertise to support GN ReSound. 

In concert with the Company's major shareholders the Supervisory Board is
currently talking to potential new members. At the same time the Chairman
Mogens Hugo has announced that he wishes to step down from the Supervisory
Board in order to make room for new members who can work to achieve GN Store
Nord's revised strategy and fully implement the new governance structure.
However, Mogens Hugo has accepted to stay on the Supervisory Board during a
short transition period. 

All current members elected by the shareholders are up for re-election at the
Annual General Meeting to be held on March 11, 2008. In light of the above -
and in order to safeguard the necessary continuity - the Supervisory Board
nominates all present members for re-election, with the exception of Deputy
Chairman Lise Kingo, who does not wish re-election. These are: 

• Mogens Hugo
• Jørgen Bardenfleth
• René Svendsen-Tune
• William (Bill) E. Hoover, Jr.
• Mike van der Wallen

During the spring of 2008, the Supervisory Board will convene an extraordinary
general meeting, at which both Mogens Hugo and Mike van der Wallen will resign
and new members will be elected.

For further information, please contact:
Jens Bille Bergholdt
VP, Investor Relations
GN Store Nord A/S
Tel.: +45 45 75 02 70