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2016-11-24 A/S: enters into a five year partnering agreement for the branch in Herning

Company announcement no. 22/2016

To: NASDAQ Stockholm

Copenhagen, 24 November 2016

Company announcement - enters into a five year partnering
agreement for the branch in Herning A/S has on 24 November entered into a five year partnering
agreement with a new partner. In this connection the new partner takes over
the operation and activity of in Herning. Employees affiliated to
the auction house in Herning will continue under the new partner.

The new partnering agreement will have a positive effect on EBITDA in 2016 of
approx. 5 mDKK.

Best regards A/S
Mette Rode Sundström

For press enquiries, please contact:

Christina Riis Hansen

For other enquiries, please contact:

Claus Boysen

This information is information that A/S is obliged to make public
pursuant to the EU Market Abuse Regulation. The information was submitted for
publication through the agency of the contact person set out above, at 3.15
pm CET on 24 November 2016.

Company announcement 22/2016

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: A/S via Globenewswire

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