Transactions in connection with share buyback programme

On 21 June 2023, Pandora announced a new share buyback programme, cf. Company announcement no. 796. 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 2.6 billion from 21 June until 2 February 2024 at the latest, both days inclusive. The first tranche of up to DKK 1.6 billion commenced on 21 June 2023 and will complete no later than 13 October 2023. The second tranche to reach the total amount of up to DKK 5.0 billion will commence upon conclusion of the first tranche and complete no later than 2 February 2024.

The programme follows the successful conclusion of Pandora’s DKK 2.4 billion share buy-back programme, which ended on 19 June 2023 (see Company Announcement No. 769).

The following transactions have been made under the programmes:

	Number of shares	Average purchase price, DKK	Transaction value,     DKK
Accumulated under the programme	5,416,544		3,366,033,477
21 August 2023	8,000	700.52	5,604,163
22 August 2023	35,220	700.50	24,671,666
23 August 2023	39,730	692.32	27,505,729
24 August 2023	35,000	692.28	24,229,929
25 August 2023	11,231	694.36	7,798,379
Accumulated under the programme	5,545,725		3,455,843,343

With the transactions stated above, Pandora owns a total of 5,344,663 treasury shares, corresponding to 6% of the Company’s share capital.