Changes in the shareholdings of the company's management employees

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:  Knud Olesen

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:  DK0010218429

Designation:  Shares

Nature of Transaction:  Purchase (Grant of employee shares)

Trading Date:  30th of October 2008

Market:  OMX Nordic Exchange Copenhagen A/S

Number:  16

Market price (DKK):  1.984


Kim Bo Hansen
Director, Global Counsel



For any further information, please contact:
Director, Global Counsel Kim Bo Hansen, tel.: +45 9684 5167.