Nets A/S

No termination or withdrawal of the IPO of Nets

Company announcement No. 12/2016

Nets A/S Lautrupbjerg 10 DK-2750 Ballerup   www.nets.eu Company Registration no. 37427497   27 September 2016

NOT FOR RELEASE OR DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

This announcement does not constitute an offering circular and nothing herein contains an offering of securities.

No termination or withdrawal of the IPO of Nets

With reference to company announcements no. 2/2016 dated 13 September 2016 and no. 5/2016 dated 23 September 2016, Nets A/S ("Nets") today announces that it has received confirmation from the representatives of the underwriters that none of the termination rights of underwriters provided for in the underwriting agreement dated 23 September 2016 have been invoked. The IPO of Nets will therefore not be terminated or withdrawn.

Subject to the registration of the new shares subscribed for in connection with the IPO of Nets with the Danish Business Authority, the IPO is considered as completed with the admission to trading and official listing on Nasdaq Copenhagen A/S becoming unconditional. A separate company announcement will be published in this regard.

Bank syndicate and advisors

Deutsche Bank, Morgan Stanley and Nordea have been appointed to act as Joint Global Co-ordinators and Joint Bookrunners for the intended IPO. Danske Bank, DNB Markets, JPMorgan and UBS Investment Bank have been appointed to act as Joint Bookrunners. Carnegie, OP Corporate Bank, SEB, SpareBank 1 Markets and Sydbank Markets have been appointed to act as Co-Lead Managers. Lazard & Co. Limited is acting as financial advisor to Nets.

- Ends -

For additional information, please contact

Nets A/S Karsten Anker Petersen, Head of Group Communications Lars Østmoe, Head of Investor Relations

[phone] [phone]

Important notice

This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by Nets A/S (the "Company") in any jurisdiction where such offer or sale would be unlawful and the announcement and the information contained herein are not for distribution or release, directly or indirectly, in or into such jurisdictions.