Company Announcement
No. 18/2024
Copenhagen, 02 April 2024
Transactions in connection with share buy-back programme
On 10 November 2023, Scandinavian Tobacco Group A/S announced that a share

 buy-back  programme of  an aggregated  value of  up to DKK 850 million was
 launched  with the purpose  to adjust the  Company's capital structure and
 meet  obligations relating to the Group's share-based incentive programme.
 Part  of the programme will be conducted in accordance with Regulation No.
 596/2014 of  the  European  Parliament  and  Council of 16 April 2014 (the
 "Market  Abuse  Regulation")  and  Commission  Delegated  Regulation  (EU)

2016/1052, also referred to as the Safe Harbour rules. Another part of the

 share  buy-back programme  is conducted  as a  directed buy-back from Chr.
 Augustinus  Fabrikker Aktieselskab and C.W.  Obel A/S as further described

in company announcement no. 30/2023. The share buy-back programme will end
no later than 28 February 2025.
The following transactions have been executed from 25 March - 29 March
2024:
+--------------------+----------------+----------------+-------------------+

|                    |                |         Average|                   |
|                    |                | purchase price,| Transaction value,|
|                    |Number of shares|             DKK|                DKK|

+--------------------+----------------+----------------+-------------------+

|Accumulated, last   |                |                |                   |
|announcement        |       1,926,322|                |        234,192,327|

+--------------------+----------------+----------------+-------------------+

|           25-Mar-24|          30,000|          124.86|          3,745,884|
|                    |                |                |                   |
|           26-Mar-24|          30,000|          125.76|          3,772,728|
|                    |                |                |                   |
|           27-Mar-24|           9,656|          124.24|          1,199,648|
|                    |                |                |                   |
|           28-Mar-24|               -|               -|                  -|
|                    |                |                |                   |
|           29-Mar-24|               -|               -|                  -|

+--------------------+----------------+----------------+-------------------+

|Total, 25 Mar - 29  |                |                |                   |
|Mar 2024            |          69,656|          125.16|          8,718,260|

+--------------------+----------------+----------------+-------------------+

|Bought from CAF, 29 |                |                |                   |
|           Mar 2024*|          31,635|          125.16|          3,959,489|
|                    |                |                |                   |
|Bought from CWO, 29 |                |                |                   |
|           Mar 2024*|          14,589|          125.16|          1,825,983|

+--------------------+----------------+----------------+-------------------+

|Accumulated, under  |                |                |                   |
|the programme       |       2,042,202|                |        248,696,059|

+--------------------+----------------+----------------+-------------------+
*According to separate agreements as from 10 November 2023 Chr. Augustinus

 Fabrikker  Aktieselskab (CAF) participates on  a 27.30% pro-rata basis and
 C.W.Obel  A/S (CWO) participates on a  12.59% pro-rata basis to the shares

purchased in the share buy-back programme.
A detailed overview of transactions during the period 25 March - 29 March
2024 is attached to this announcement.

 Following  the above  transactions Scandinavian  Tobacco Group  A/S owns a
 total  of 2,423,951 treasury  shares, corresponding  to 2.79% of the total

share capital.
For further information, please contact:
Torben Sand, Head of IR & Communication, phone +45 5084 7222 or
torben.sand@st-group.com
Eliza Dabbagh, IR and Communication, phone +45 5080 7619 or
eliza.michael@st-group.com
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|About Scandinavian                                                        |
|Tobacco Group                                                             |
|                                                                          |
|                                                                          |

|Scandinavian Tobacco Group A/S is a world-leading manufacturer of handmade|

|and  machine-rolled cigars  with an  annual production  of more  than four|
|billion  cigars.  The  Group  holds  market-leading  positions  in several|
|categories and its products are sold in more than 100 markets.            |
|                                                                          |
|Scandinavian  Tobacco Group has its  headquarters in Copenhagen, Denmark -|
|and  employs approximately  10,000 people in  Europe, the  US, Canada, the|
|Dominican Republic, Honduras, Nicaragua, Indonesia and Sri Lanka.         |
|                                                                          |
|For more information, please visit www.st-group.com                       |
|                                                                          |
|                                                                          |

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