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vestasChanges in company's own shares

Vestas - Transactions in connection with share buy-back programme during the period 15-21 November 2016
On 18 August 2016, Vestas initiated a share buy-back programme, ref. Company announcement No. 26/2016. 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 2,984 million (approximately EUR 400 million) in the period from 18 August 2016 to 30 December 2016.

The following transactions have been made under the programme during the period 15-21 November 2016:
      Number ofshares     Weighted average purchase price, DKK     Transaction value,
15 November 2016      75,000     438.92      32,918,970
16 November 2016      80,000     439.10      35,128,176
17 November 2016      50,000     442.84      22,141,950
18 November 2016    105,250     442.19      46,540,476
21 November 2016      88,156     441.22      38,896,375
Accumulated under the programme      4,049,590     521.98      2,113,797,438

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
Hans Martin Smith, Senior Vice President, Group Treasury and Investor Relations Tel: +45 9730 8209