Extraordinary General Meeting at Otix Global, Inc. approves merger agreement with William Demant Holding

Company Announcement No 2010-19	22 November 2010                                
Extraordinary General Meeting at Otix Global, Inc. approves merger agreement    
with William Demant Holding                                                     


Today, at an Extraordinary General Meeting the stockholders of the publicly     
listed American hearing aid company Otix Global, Inc. adopted the Board's       
proposal to merge with a company in the William Demant Holding Group. The       
adoption of the merger proposal by Otix' Extraordinary General Meeting is       
happening in continuation of the conclusion of a binding, conditional merger    
agreement between the parties dated 13 September 2010 - and amended 6 October   
2010 and 13 October 2010, respectively.                                         

If all conditions to complete the merger are met the stockholders of Otix will  
receive, after closing, a total settlement of USD 64.2 million corresponding to 
approx. DKK 350 million or a price of USD 11.01 per stock. The merger completion
is currently only awaiting the US antitrust authorities' approval which the     
parties expect to receive before end November 2010. Closing is thus still       
expected to take place before year-end 2010 in accordance with the original     
announcement.                                                                   

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Further information:                                                            
President & CEO Niels Jacobsen, phone +45 39 13 81 55                           
Senior Vice President, Finance Stefan Ingildsen, mobile +45 29 22 02 70         
Vice President, Investor Relations Søren B. Andersson, mobile +45 51 17 66 57   

www.demant.com