Scandinavian Tobacco Group A/S

Company Announcement No. 8/2021

Copenhagen, 22 February 2021

Transactions in connection with share buy-back programme

On 28 August 2020, Scandinavian Tobacco Group A/S ("STG") announced that a share buy-back programme of an aggregated price of up to DKK 300 million was launched with the purpose to adjust the Company’s capital structure and meet obligations relating to the Group’s share-based incentive programme.

The buy-back programme is executed in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (the "Market Abuse Regulation") and Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. The share buy-back programme will end no later than 26 February 2021.

The following transactions have been executed from 15 February to 19 February 2021:

	Number of shares	Average purchase price, DKK	Transaction value, DKK
Accumulated, last announcement	2,737,654		274,462,156
15 February 2021	21,413	118.65	2,540,563
16 February 2021	29,000	117.78	3,415,611
17 February 2021	20,785	116.68	2,425,229
18 February 2021	32,500	116.25	3,778,145
19 February 2021	25,822	114.81	2,964,668
Accumulated under the program	2,867,174		289,586,371

A detailed overview of transactions during the period 15 February – 19 February 2021 is attached to this announcement.

Following the above transactions STG owns a total of 3,143,680 treasury shares, corresponding to 3.14% of the total share capital.

For further information, please contact:
Investors: Torben Sand, Head of Investor Relations,
phone: +45 5084 7222 or torben.sand@st-group.com

Media: Simon Mehl Augustesen, Director of Group Communications,
phone: +1 484-379-8725 or simon.augustesen@st-group.com

Attachments

• Company Announcement no 8 2021
• 19 FEB 2021 PUBLIC_SBB_SCANDINAVIAN TOBACCO GROUP