Transactions in connection with share buyback programme

On 7 February 2024, Pandora announced a new share buyback programme, cf. Company announcement no. 843. The share buyback programme is executed in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation).
                                                                                                                                                      
The purpose of the programme is to reduce Pandora’s share capital and to meet obligations arising from company incentive programmes.

Under the programme Pandora will repurchase shares for an aggregate maximum amount of DKK 4.0 billion from 8 February 2024 until 31 January 2025 at the latest, both days inclusive.
The first tranche of up to DKK 1.3 billion commenced on 8 February 2024 and will finish no later than 1 July 2024. Pandora has appointed BNP Paribas as sole lead manager for the first tranche.

The following transactions have been made under the programme:

	Number of shares	Average purchase price, DKK	Transaction value,    DKK
Accumulated under the programme	664,911		747,929,991
8 April 2024	22,000	1,090.65	23,994,302
9 April 2024	24,000	1,084.58	26,029,942
10 April 2024	18,658	1,082.14	20,190,605
11 April 2024	8,000	1,094.20	8,753,630
12 April 2024	40,000	1,078.04	43,121,532
Accumulated under the programme	777,569		870,020,002

On 15 April, 2024, Pandora A/S announced a capital reduction of 7,000,000 treasury shares, cf. Company announcement no. 858. The following number of shares are listed to reflect Pandora A/S’ total treasury shares as of 12 April, 2024.