Initiation of new share buyback program GN Store Nord A/S Ballerup, DENMARK Based on the continued solid business performance and GN’s capital structure policy, and in accordance with the authorization granted to the Board of Directors at the annual general meeting on March 17, 2021, GN intends to buy back shares worth DKK 2,500 million. GN’s new share buyback program of up to a total value of DKK 2,400 million will be initiated today and concluded no later than March 8, 2022. In addition, GN intends to purchase DKK 100 million worth of shares from GN Store Nord Fondet under a bilateral agreement. The purpose of the share buyback program is to reduce the company’s share capital and to cover obligations under the long-term incentive program. At the initiation of the share buyback program, GN holds 8,299,342 treasury shares, corresponding to 6% of the total share capital.