Exercise of warrants - increase of Group share capital

The Nordic Exchange                                                             Nikolaj Plads 6	                                                                DK-1007 Copenhagen K					                                                       16 March 2007                                                                   Release No. 4                                                                   Exercise of warrants - increase of Group share capital                          Following requests from a number of personnel to exercise their warrants from   the share option programmes issued in 2003 and 2004, the share capital of NKT   Holding will be increased by the issue of 61,355 shares of a nominal value of 20DKK each. The share capital will thus be increased by a total nominal amount of 1,227,100 DKK.                                                                  2,200 shares will be subscribed for based on warrants issued in 2003, as        detailed in NKT's Stock Exchange Release No. 3 of 6 January 2003. The           subscription price will be 63.1 DKK per nominal 20 DKK share.                   59,155 shares will be subscribed for based on warrants issued in 2004, as       detailed in NKT's Stock Exchange Release No. 3 dated 9 January 2004. The        subscription price will be 116.5 DKK per nominal 20 DKK share.                  Following the increase in share capital, NKT's registered share capital will    comprise a total of 23,561,355 NKT shares of a nominal value of 20 DKK,         corresponding to a total nominal share capital of 471,227,100 DKK.              The increase in share capital will be entered in Article 3 of NKT's Articles of Association.                                                                    Consequences                                                                    The new shares will convey right to dividend as from the date of registration   with The Danish Commerce and Companies Agency. As registration will take place  before NKT's annual general meeting on 11 April 2007 this means the shares will convey right to dividend for the 2006 financial year. The amount proposed as    dividend by NKT's Board of Directors for approval at the annual general meeting will thus be increased from 235,000,000 DKK to 235,613,550 DKK.                 The increase in capital described above will not affect the NKT Group's forecastprofits for 2007.                                                               Exercise of further warrants                                                    The increase in share capital described above represents exercise of 37.9 % of  the warrants available for exercise by NKT's employees in the period to 15 April2007.                                                                           It is therefore considered that in the very near future it will be relevant to  implement a further increase of NKT's share capital as a result of potential    exercise of the 100,614 warrants still outstanding from 2002, 2003 and 2004.    Questions                                                                       Please address any questions concerning the above to the undersigned on         telephone no                                                                    +45 4348 2000.                                                                  Yours faithfully                                                                NKT Holding A/S                                                                 Thomas Hofman-Bang                                                              President and CEO