Exercise of warrants - increase of NKT Group share capital

Following requests from a number of employees to exercise their warrants fromthe share option programmes issued in 2005, the share capital of NKT Holdingwill be increased by the issue of 4,100 shares of a nominal value of 20 DKKeach. The share capital will thus be increased by a total nominal amount of82,000 DKK. The shares will be subscribed for based on warrants issued in 2005, as detailedin NKT's Stock Exchange Release No. 3 dated 6 January 2005. The subscriptionprice will be 194 DKK per nominal 20 DKK share. Following the increase in share capital, NKT's registered share capital willcomprise a total of 23,722,479 NKT shares of a nominal value of 20 DKK,corresponding to a total nominal share capital of 474,449,580 DKK. The share capital will be registered in Article 3 of NKT's Articles ofAssociation. ConsequencesThe new shares will convey right to dividend as from the date of registrationwith The Danish Commerce and Companies Agency. As registration will take placebefore NKT's annual general meeting on 25 March 2010 this means the shares willconvey right to dividend for the 2009 financial year. The amount proposed asdividend by NKT's Board of Directors for approval at the annual general meetingwill thus be increased from 83,014,327 DKK to 83,028,677 DKK. The increase in capital described above will not affect the NKT Group's plannedprofits for 2010. Exercise of further warrantsThe increase in share capital described above represents exercise of 2.2% ofthe warrants available for exercise by NKT's employees during the currentexercise period ending on 12 April 2010. It is therefore considered that until 12 April 2010 it will be relevant tofurther increase NKT's share capital as a result of potential exercise of theremaining 180,275 warrants still outstanding from 2005, 2006 and 2007. QuestionsPlease address any questions concerning the above to the undersigned ontelephone no. +45 4348 2000.Yours faithfullyNKT Holding A/SThomas Hofman-BangPresident and CEO