GN Store Nord A/S : Transactions in connection with share buyback program

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

Copenhagen, 2013-01-29 18:20 CET (GLOBE NEWSWIRE) -- Acting under its share buyback authorization, the GN Store Nord Board of Directors initiated a share buyback program on August 20, 2012 in accordance with the provisions of the European Commission's regulation no. 2273/2003 of December 22, 2003, also referred to as the Safe Harbor rules (Company announcement no. 40 of August 20, 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 August 20, 2012 and ending no later than February 28, 2013, GN intends to buy back shares for an amount of up to DKK 400 million.

The following transactions have been made under the program in the period January 21, 2013 - January 29, 2013:

	No. of shares	Average purchase price, DKK	Transaction Value, DKK
January 21, 2013	70,000	88.02	6,161,358
January 22, 2013	65,000	87.44	5,683,665
January 23, 2013	50,000	88.50	4,424,835
January 24, 2013	50,000	89.11	4,455,520
January 25, 2013	60,000	90.02	5,400,984
January 28, 2013	60,000	90.03	5,401,986
January 29, 2013	60,000	89.63	5,377,572
Accumulated under the program	3,998,700	84.54	338,063,038

Following the above transactions GN owns a total of 24,140,669 own shares corresponding to 12.5% 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:

Michael Bjergby

Director - IR, Communications, CSR & Treasury

GN Store Nord A/S

Tel: [phone]