Accelerated Book-Build Offering - Update

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PROGRESS OF PRIVATE PLACEMENT OF UP TO 8,000,000 TREASURY SHARES THROUGH AN ACCELERATED BOOK-BUILDING PROCESS

Pandora experiences strong interest and expects to close the accelerated book-building shortly.

ABOUT PANDORA
Pandora designs, manufactures and markets hand-finished jewellery made from high-quality materials at affordable prices. Pandora jewellery is sold in more than 100 countries through 7,400 points of sale, including more than 2,700 concept stores.​

Headquartered in Copenhagen, Denmark, Pandora employs 28,000 people worldwide and crafts its jewellery at two LEED certified facilities in Thailand using mainly recycled silver and gold. The company plans to be carbon neutral by 2025 and has joined the Science Based Targets initiative to reduce emissions across its full value chain. Pandora is listed on the Nasdaq Copenhagen stock exchange and generated sales of DKK 21.9 billion (EUR 2.9 billion) in 2019.

CONTACT
For more information, please contact:

INVESTOR RELATIONS Michael Bjergby VP, Investor Relations, Tax & Treasury [phone] [e-mail]	CORPORATE COMMUNICATIONS Johan Melchior Director External Relations [phone] [e-mail]
Christian Møller Investor Relations Officer [phone] [e-mail]

DISCLAIMER

This company announcement contains forward-looking statements, which include estimates of financial performance and targets, including regarding projected liquidity requirements. These statements are not guarantees of future performance and involve certain risks and uncertainties, including in particular the impact of COVID-19 and related counter-measures in relevant countries with respect to which there is limited visibility and significant uncertainty. Therefore, actual future results and trends may differ materially from what is forecast in this report due to a variety of factors.