Schouw & Co. share buy-back programme, week 40 2026

On 2 January 2026, Schouw & Co. initiated a share buy-back programme as outlined in Company Announcement no. 59 of 18 December 2025. Under the programme, Schouw & Co. will acquire shares for up to DKK 240 million during the period 2 January to 31 December 2026. As outlined in Company Announcement no. 48 of 14 August 2026, the programme was extended with up to DKK 170 million, increasing the total amount of which Schouw & Co. will acquire shares to up to DKK 410 million.

The buy-back will be structured in accordance with Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and the Commission's delegated regulation (EU) 2016/1052 of 8 March 2016 ("Safe Harbour" rules).

No. of Average Amount Trading day shares price DKK ---------------------------------------------------------------------------- Accumulated until 25 September 2026 470,041 705.04 331,398,272 ---------------------------------------------------------------------------- Monday, 28 September 2026 5,900 813.00 4,796,700

Tuesday, 29 September 2026 5,500 807.27 4,440,000

Wednesday, 30 September 2026 5,000 804.50 4,022,500

Thursday, 1 October 2026 5,000 790.21 3,951,027

Friday, 2 October 2026 5,000 799.04 3,995,208 ---------------------------------------------------------------------------- In the period 28 September 2026 - 2 October 2026 26,400 803.24 21,205,435 ---------------------------------------------------------------------------- Accumulated until 2 October 2026 496,441 710.26 352,603,707 ----------------------------------------------------------------------------

Following the above transactions, Schouw & Co. holds a total of 2,794,234 treasury shares corresponding to 11.18% of the total share capital of 25,000,000 shares.

Aktieselskabet Schouw & Co.

Jørgen Dencker Wisborg, Chairman Jens Bjerg Sørensen, President, telephone number +45 86 11 22 22

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683591_2026-10-05 FBM26-60 SBB-w40 ENG.pdf 683591_SBB2026 Week 40.pdf