GN Store Nord A/S
Changes in company's own shares Transactions in connection with share buyback program

Copenhagen, 2012-01-23 17:37 CET (GLOBE NEWSWIRE) -- Acting on its authorization to acquire up to 15% of the company's shares 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. The current authorization allows GN to acquire up to 15% of its shares. Contingent upon granted authorization at the Annual General Meeting in March 2012, the share buyback program will continue thereafter.

No. of shares Average purchase price, DKK Transaction Value, DKK
January 13, 2012 121,351 56.82 6,894,666
January 16, 2012 100,000 57.67 5,767,000
January 17, 2012 185,000 57.73 10,680,050
January 18, 2012 80,000 58.03 4,642,400
January 19, 2012 139,383 59.04 8,228,587
January 20, 2012 180,069 59.33 10,683,116
January 23, 2012 182,053 58.45 10,641,398
Accumulated under the program 987,856 58.24 57,537,217

Following the above transactions, GN owns a total of 16,373,357 own shares corresponding to 7.9% 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

  No. of shares Average purchase price, DKK Transaction Value, DKK January 13, 2012 121,351 56.82 6,894,666 January 16, 2012 100,000 57.67 5,767,000 January 17, 2012 185,000 57.73 10,680,050 January 18, 2012 80,000 58.03 4,642,400 January 19, 2012 139,383 59.04 8,228,587 January 20, 2012 180,069 59.33 10,683,116 January 23, 2012 182,053 58.45 10,641,398 Accumulated under the program 987,856 58.24 57,537,217
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