On 2 January 2026, Schouw & Co. initiated a share buy-back programme as outlined in Company Announcement no. 59 of 18 December 2025. Under the programme, Schouw & Co. will acquire shares for up to DKK 240 million during the period 2 January to 31 December 2026.

The buy-back will be structured in accordance with Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016 (“Safe Harbour” rules).

Trading dayNo. of sharesAverage priceAmount DKK  Accumulated until 10 July 2026197,283651.28128,486,831  Monday, 13 July 20264,000623.382,493,523  Tuesday, 14 July 20264,000621.812,487,257  Wednesday, 15 July 20264,000628.722,514,896  Thursday, 16 July 20264,000633.662,534,627  Friday, 17 July 20264,000636.202,544,789  In the period 13 July 2026 - 17 July 202620,000628.7512,575,092  Accumulated until 17 July 2026217,283649.21141,061,923  Following the above transactions, Schouw & Co. holds a total of 2,455,076 treasury shares corresponding to 9.82% of the total share capital of 25,000,000 shares.    

Aktieselskabet Schouw & Co.

Jørgen Dencker Wisborg, Chairman

Jens Bjerg Sørensen, President, telephone number +45 86 11 22 22

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