Company Announcement:

Transactions in connection with share buy-back programme 14 - 20 November 2019

On 7 November 2019, Vestas initiated a share buy-back programme, ref. Company announcement No. 17/2019. The programme is implemented in accordance with Regulation No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016 (the "Safe Harbour” rules).

Under the programme, Vestas will buy back shares for an amount up to DKK 1,500m (approx. EUR 200m) in the period from 7 November 2019 to 31 December 2019.

The following transactions have been made under the programme during the period 14 to 20 November 2019:

 Number of
Weighted average purchase price, DKKTransaction value,
14 November 2019 34,647637.6322,092,015
15 November 201961,299644.8139,526,435
18 November 2019119,195639.3676,208,432
19 November 201962,368634.8639,594,986
20 November 201947,361636.4330,142,032
Accumulated under the programme648,264630.89408,982,730

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