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09-07-2012 17:46:06

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Copenhagen, 2012-07-09 17:46 CEST (GLOBE NEWSWIRE) --

Acting under its share buyback authorization, the GN Store Nord Board of

Directors initiated a share buyback program on January 13, 2012 in accordance

with the provisions of the European Commission’s regulation no 2273/2003 of 22

December 2003, also referred to as the Safe Harbor rules (Company announcement

no. 3 of January 13, 2012).

The share buyback program has been initiated in order to reduce the company’s

share capital. Under the share buyback program which is running from January

13, 2012 and ending no later than December 31, 2012, GN intends to buy back

shares in the company for an amount of up to DKK 1.3 billion. At the Annual

General Meeting on March 22, 2012, the GN Store Nord Board of Directors was

granted authorization to acquire up to 20% of the share capital.

The following transactions have been made under the program in the period June

29 – July 9, 2012:

No. of Average purchase Transaction Value,

shares price, DKK DKK

--------------------------------------------------------------------------------

June 29, 2012 84,660 70.89 6,001,759

--------------------------------------------------------------------------------

July 2, 2012 35,000 72.66 2,543,062

--------------------------------------------------------------------------------

July 3, 2012 48,789 74.17 3,618,680

--------------------------------------------------------------------------------

July 4, 2012 44,500 74.09 3,297,005

--------------------------------------------------------------------------------

July 5, 2012 45,000 74.31 3,343,739

--------------------------------------------------------------------------------

July 6, 2012 113,617 74.72 8,489,030

--------------------------------------------------------------------------------

July 9, 2012 105,024 72.96 7,662,551

--------------------------------------------------------------------------------

Accumulated under the 17,958,119 63.30 1,136,664,579

program

--------------------------------------------------------------------------------

Following the above transactions, GN owns a total of 18,030,213 own shares

corresponding to 9.3% of the company’s total share capital. Every seventh

trading day GN will announce the number and value of repurchased shares in

company announcements to NASDAQ OMX Copenhagen.

For further information, please contact:

Mikkel Danvold

VP, IR & Communications

GN Store Nord A/S

Tel: +45 45 75 02 71

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