This is a notification of changes in the shareholdings of the company's management employees, who are obligated to give and pass on notifications, pursuant to the Danish Securities Trading Act. Bang & Olufsen a/s has been notified of the following transactions: Name: Karl Kristian Hvidt Nielsen Reason: President, CEO, in compliance with article 28a (2.1.) of the Danish Securities Trading Act Issuer: Bang & Olufsen a/s ISIN: DK0010218429 Designation: Shares Nature of Transaction: Purchase Trading Date: 31st of October 2008 Market: OMX Nordic Exchange Copenhagen A/S Number: 2.797 Market price (DKK): 346.828 Kim Bo Hansen Director, Global Counsel For any further information, please contact: Director, Global Counsel Kim Bo Hansen, tel.: +45 9684 5167.