Ørsted AS

Ørsted may repurchase shares up to 191,000 shares, corresponding to 0.05% of the current share capital of Ørsted, subject to a maximum total purchase price of DKK 107.1 million (US16$ million).

The purchase price per share shall be the price of the shares quoted at the time of the acquisition with a deviation of up to 10%.

The share buyback may not be executed at a price which exceeds the higher of (i) the price of the last independent trade and the highest current independent purchase bid on the trading venue on which the purchase is carried out at the time of the purchase.

The maximum number of Ørsted shares that may be purchased on each business day may not exceed 25% of the average daily trading volume of Ørsted shares on the trading venue on which the purchase is carried out over the last 20 trading days prior to the date of purchase.