Notification and Public Disclosure of Transactions by Persons Discharging Managerial Responsibilities

Company Announcement No. 16/2023

         Copenhagen, 21 March 2023

Notification and Public Disclosure of Transactions by Persons Discharging Managerial Responsibilities

1.
Information on the person discharging managerial responsibilities/person closely associated
a)
Name
Niels Frederiksen
2.
Reason for the notification
a)
Position/title
CEO and member of the Executive Management
b)
Initial notification/amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Scandinavian Tobacco Group A/S
b)
LEI code
5299003KG4JS99TRML67
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Shares

DK0060696300 – STG
b)
Nature of the transaction

Grant of shares due to vesting of performance share units granted under Long-term Incentive Programme based on KPIs related to the 2020-2022 performance period.
c)
Price(s) and volume(s)

Price(s)	Volume(s)
DKK 0	63,729 shares

d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
2023-03-21
f)
Place of the transaction
Outside a trading venue

1.
Information on the person discharging managerial responsibilities/person closely associated
a)
Name
Marianne Rørslev Bock
2.
Reason for the notification
a)
Position/title
CFO and member of the Executive Management
b)
Initial notification/amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Scandinavian Tobacco Group A/S
b)
LEI code
5299003KG4JS99TRML67
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Shares

DK0060696300 – STG
b)
Nature of the transaction

Grant of shares due to vesting of performance share units granted under Long-term Incentive Programme based on KPIs related to the 2020-2022 performance period.
c)
Price(s) and volume(s)

Price(s)	Volume(s)
DKK 0	28,698 shares

d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
2023-03-21
f)
Place of the transaction
Outside a trading venue

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

About Scandinavian Tobacco Group

Scandinavian Tobacco Group A/S is a world-leading manufacturer of handmade and machine-rolled cigars with an annual production of more than four billion cigars. The Group holds market-leading positions in several categories and its products are sold in more than 100 markets.

Scandinavian Tobacco Group has its headquarters in Copenhagen, Denmark – and employs approximately 10,000 people in Europe, the US, Canada, the Dominican Republic, Honduras, Nicaragua, Indonesia and Sri Lanka. For more information please visit www.st-group.com

Attachment

• Scandinavian Tobacco Group, Allocation under LTIP 21.3.2023