Demant A/S: Transactions with Demant shares by managers and closely related parties

Company announcement no 2026-01

13 January 2026

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Søren Nielsen

2.

Reason for the notification

a)

Position/status

President & CEO

b)

Initial notification/amendment

Initial notification

3)

Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor

a)

Name

Demant A/S

b)

LEI

213800RM6L9LN78BVA56

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions
have been conducted

a)

Description of the financial

instrument, type of instrument

Identification code

Shares

DK0060738599

b)

Nature of the transaction

Purchase of shares under share salary arrangement in
accordance with section 7p of the Danish Tax Assessment Act, i.e. voluntary conversion of part of the remuneration into shares. Sign-up for participation in the arrangement was done at the beginning of 2025.

c)

Price(s) and volume(s)

Price(s)                           Volume(s)

Allocated shares from January until December 2025:

DKK 270.50 per share       200 shares

DKK 256.50 per share       211 shares

DKK 220.34 per share       246 shares

DKK 242.06 per share       230 shares

DKK 277.90 per share       200 shares

DKK 265.67 per share       210 shares

DKK 254.37 per share       219 shares

DKK 249.07 per share       224 shares

DKK 231.98 per share       240 shares

DKK 222.23 per share       251 shares

DKK 214.53 per share       260 shares

DKK 218.19 per share       255 shares

The share price corresponds to the prices of the allocated shares during the 8^th day after the end of the respective month or on the next trading day hereafter.

d)

Aggregated information:

- Aggregated volume

- Price

Aggregated volume: 2,746 shares

Aggregated price: DKK 663,839.53

e)

Date of the transaction

8 January 2026

f)

Place of the transaction

Nasdaq Copenhagen A/S

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Niels Wagner

2.

Reason for the notification

a)

Position/status

President of Hearing Care

b)

Initial notification/amendment

Initial notification

3)

Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor

a)

Name

Demant A/S

b)

LEI

213800RM6L9LN78BVA56

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions
have been conducted

a)

Description of the financial

instrument, type of instrument

Identification code

Shares

DK0060738599

b)

Nature of the transaction

Purchase of shares under share salary arrangement in
accordance with section 7p of the Danish Tax Assessment Act, i.e. voluntary conversion of part of the remuneration into shares. Sign-up for participation in the arrangement was done at the beginning of 2025.

c)

Price(s) and volume(s)

Price(s)                           Volume(s)

Allocated shares from January until December 2025:

DKK 270.50 per share       239 shares

DKK 256.50 per share       252 shares

DKK 220.34 per share       294 shares

DKK 242.06 per share       275 shares

DKK 277.90 per share       240 shares

DKK 265.67 per share       251 shares

DKK 254.37 per share       262 shares

DKK 249.07 per share       267 shares

DKK 231.98 per share       288 shares

DKK 222.23 per share       300 shares

DKK 214.53 per share       311 shares

DKK 218.19 per share       305 shares

The share price corresponds to the prices of the allocated shares during the 8^th day after the end of the respective month or on the next trading day hereafter.

d)

Aggregated information:

- Aggregated volume

- Price

Aggregated volume: 3,284 shares

Aggregated price: DKK 793,905.78

e)

Date of the transaction

8 January 2026

f)

Place of the transaction

Nasdaq Copenhagen A/S

Further information:

Peter Pudselykke, Head of Investor Relations

Henrik Axel Lynge Buchter, Communication Manager

Phone +45 3917 7300

www.demant.com