Pursuant to section 29 of the Danish Securities Trading Act, we hereby announce that IC Group A/S has received information from Nordea Funds Ltd. that it has increased its shareholdings in IC Group A/S on 9 November 2017.

As a result of this increase, Nordea Funds Ltd. has a shareholding in IC Group A/S constituting:

856,147 shares of DKK 10 each

corresponding to a nominal value of DKK 8,561,470 or 5.01% of the total number of shares issued and voting rights.

IC Group A/S

Alexander Martensen-Larsen
CEO

Please direct any questions regarding this announcement to:                                                                                      
Jens Bak-Holder
Head of Investor Relations
Phone: +45 21 28 58 32

This announcement is a translation from the Danish language. In the event of any discrepancy
between the Danish and English versions, the Danish version shall prevail.