Course of Annual General Meeting

On 14 March 2024 the Annual General Meeting (the “Meeting”) in Pandora A/S (the “Company”) was held.

The Meeting considered the following agenda items.

1. The Board of Directors' (the “Board”) report on the Company's activities during the past financial year
The report was not subject to voting. The Meeting took note of the report.

2. Adoption of the audited Annual Report 2023
The audited 2023 Annual Report was adopted.

3. Presentation of the Remuneration Report 2023
An advisory vote was cast for approval of the 2023 Remuneration Report.

4. Adoption of proposal on the Board’s remuneration for 2024
The proposed remuneration to the Board for 2024 was adopted.

The fixed base fee amounts to DKK 570,000.

The chair of the Board receives 3 times the fixed base fee, whereas the deputy chair receives 1.5 times the fixed base fee.

The chair and members of the Audit Committee receive 0.8 and 0.4 times the fixed base fee, respectively.

The chair and members of the Nomination and Remuneration Committee receive 0.5 and 0.25 times the fixed base fee, respectively.
               
Further, the proposal that the method of calculating the travel allowance is changed to reflect a percentage of the fixed base fee instead of a fixed amount when members of the Board participate in any Company related meetings outside their country of residence was approved:

• Continental travel:  6 % of the fixed base fee equal to DKK 34,200 (changed from DKK 33,000 in 2023)
• Intercontinental travel:  12 % of the fixed base fee equal to DKK 68,400 (changed from DKK 66,000 in 2023).

5. Proposed distribution of profit as recorded in the adopted 2023 Annual Report,
    including the proposed amount of dividend to be distributed or proposal to cover any loss

The Board’s proposal that a dividend of DKK 18.00 per share of DKK 1 be paid on the profit for the year available for distribution according to the Annual Report 2023 was adopted.

6. Election of members to the Board
Peter A. Ruzicka, Christian Frigast, Lilian Fossum Biner, Birgitta Stymne Göransson, Marianne Kirkegaard, Catherine Spindler and Jan Zijderveld were re-elected as members of the Board.

7. Election of auditor for the Annual report 2024 and the Sustainability Report 2024
EY Godkendt Revisionspartnerselskab was re-elected as auditor and it was approved that EY Revisionspartnerselskab's tasks include providing a statement on the sustainability reporting in the management report in the annual report, all in accordance with the recommendation from the Audit Committee.