Company Announcement 21 May 2025 Announcement No. 17 NKT initiates share buyback to meet obligations for share-based incentive programmes for employees Share based incentives The Board of Directors of NKT A/S has decided to exercise the authority to buy back shares granted by the Annual General Meeting on 25 March 2021. The authorisation is valid in the period until 31 March 2026, and the Board of Directors is authorised to arrange for acquisition of the Company's own shares up to a nominal value of 10% of the share capital. The share buyback is to meet obligations relating to the Company's share-based incentive programmes for employees. Employee share programme At the Annual General Meeting and in Company Announcement No. 14 dated March 19, 2025, NKT announced the anticipated launch of an employee share programme in June. NKT now confirms the launch of the employee share programme in June. The purpose of the share buyback programme is to fulfill the obligations arising from this initiative.