Company Announcement:

Vestas - Transactions in connection with share buy-back programme during the period 2 - 6 April 2018

Vestas Wind Systems A/S, Aarhus, 9 April 2018
Company announcement No. 14/2018

On 12 February 2018, Vestas initiated a share buy-back programme, ref. Company announcement No. 5/2018. The programme is implemented in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) (the "Safe Harbour” rules). The purpose of the programme is to adjust Vestas’ capital structure and to meet the obligations arising from share based incentive programmes to employees of Vestas.

Under the programme, Vestas will buy back shares for an amount up to DKK 1,500m (approx. EUR 200 million) in the period from 12 February 2018 to 3 May 2018.

The following transactions have been made under the programme during the period 2 – 6 April 2018:

 Number of
Weighted average purchase price, DKKTransaction value,
02 April 2018000
03 April 201830,000437.2013,116,141
04 April 2018260,000422.63109,884,944
05 April 201850,000424.3121,215,560
06 April 201845,000433.3419,500,516
Accumulated under the programme2,306,793434.351,001,959,789

Details of all the transactions relating to the share buy-back programme during the period are presented in the attached appendix.

Contact details
Vestas Wind Systems A/S, Denmark
Patrik Setterberg, Vice President                          
Investor Relations
Tel: +45 6122 1913