Scandinavian Tobacco Group A/S

Transactions in connection with share buy-back programme

Company Announcement No. 32/2020

Copenhagen, 12 October 2020

Transactions in connection with share buy-back programme

On 28 August 2020, Scandinavian Tobacco Group A/S (“STG”) announced that a share buy-back programme of an aggregated price of up to DKK 300 million was launched with the purpose to adjust the Company’s capital structure and meet obligations relating to the Group’s share-based incentive programme.

The buy-back programme is executed in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. The share buy-back programme will end no later than 26 February 2021.

The following transactions have been executed from 5 October to 9 October 2020:

	Number of shares	Average purchase price, DKK	Transaction value, DKK
Accumulated, last announcement	601,579		57,906,469
5 October 2020	8,318	94.86	789,015
6 October 2020	24,258	94.70	2,297,223
7 October 2020	15,000	95.72	1,435,773
8 October 2020	20,000	96.22	1,924,452
9 October 2020	2,022	96.45	195,027
Accumulated under the program	671,177		64,547,959

A detailed overview of transactions during the period 5 October - 9 October 2020 is attached to this announcement.

• Following the above transactions STG owns a total of 947,685 treasury shares, corresponding to 0.95% of the total share capital.

For further information, please contact:
Investors: Torben Sand, Head of Investor Relations,
phone: [phone] or [e-mail]

Media: Simon Mehl Augustesen, Director of Group Communications,
phone: [phone] or [e-mail]

Attachments

• Company Announcement no 32 2020
• 12 OCT 2020 PUBLIC_SBB_SCANDINAVIAN TOBACCO GROUP