Scandinavian Tobacco Group increases stock repurchase plan.

On May 19, 2022, Scandinavian Tobacco Group A/S announced that its stock buyback program, which began on March 9, 2022, has been increased to a total value of up to 1 billion Danish kroner. The purpose of the program is to adjust the company's capital structure and fulfill obligations related to the group's equity incentive plan.

Some of the share buyback program was executed based on the Market Abuse Regulation (MAR) on April 16, 2014, and on Commission Delegated Regulation (EU) 2016/1052, also known as the Safe Harbour Rules. The remaining portion of the stock buyback program was carried out as a directed buyback by Chr. Augustine Fabrikker Aktieselskab and CW Obel A/S, as described in company announcement no. 1/2022. The share buyback program will end no later than February 28, 2023.

The following transactions were executed from December 5th to December 9th, 2022.

The average purchase price of shares, the trading value of Danish kroner, and the cumulative value of Danish kroner were announced on December 9, 2022, totaling 81,346 shares purchased between December 5th and December 9th. On December 9th, shares were purchased from CAF and CWO, with a cumulative total of 5,053,326 shares purchased under the program. CAF participated in the stock buyback plan at a ratio of 27.0%, and CWO participated at a ratio of 12.5%, according to a separate agreement from May 20, 2022. On December 5th, shares were announced at a value of 15,264.541,946,714, increasing to 25,000 on December 6th and dropping to 22,500 on December 7th. On December 8th, the value of shares was 6,955, and on December 9th, it was 11,627, with a total value of 648,693,500 accumulated under the program.

This notice includes a detailed overview of transactions conducted during the period of December 5 to December 9, 2022.

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