The Board of Directors of Bang & Olufsen A/S ("Bang & Olufsen" or the "Company") has resolved to recommend that the shareholders voted to elect Anders Colding Friis as a new board member of the company at its Annual General Meeting on 23 August 2018. Anders Colding Friis' other managerial posts comprise being chief executive officer of Pandora A/S. Anders Colding Friis holds no other directorships except for a directorship of the Copenhagen Industries Employer's Federation (Industriens Arbejdsgivere i København). Anders Colding Friis has held several managerial posts in the past, including as chief executive officer of Scandinavian Tobacco Group A/S and House of Prince A/S and as an executive officer of Schulstad Brød A/S. Furthermore, Anders Colding Friis has board experience from IC Group A/S and Topdanmark A/S.