Exercise of warrants - increase of NKT Holding’s share capital

NASDAQ OMX Copenhagen
Nikolaj Plads 6
DK-1007 Copenhagen K

16 March 2012
Release No. 4

Following requests from a number of employees to exercise their warrants from the share option programme issued in January 2009, the share capital of NKT Holding will be increased by the issue of 150,400 shares of a nominal value of 20 DKK each. The share capital will thus be increased by a total nominal amount of 3,008,000 DKK.

The shares will be subscribed for based on warrants issued in January 2009, as detailed in NKT Holding’s Stock Exchange Release No. 1 dated 5 January 2009. The subscription price will be 149.08 DKK per nominal 20 DKK share.

Following the increase in share capital, NKT Holding’s registered share capital will comprise a total of 23,888,379 shares of a nominal value of 20 DKK, corresponding to a total nominal share capital of 477,767,580 DKK.

The share capital will be registered in Article 3 of NKT's Articles of Association which are available from NKT Holding’s website www.nkt.dk.

Consequences
The new shares will convey right to dividend for the financial year 2011. The increase in capital described above will not affect NKT Holding’s earnings expectations for 2012.

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