Coloplast initiates DKK 1bn share buy-back

Coloplast is launching a share buy-back programme for up to DKK 1bn. The first
part of the programme, of DKK 500m, is expected to take place during the period
from 1 February 2012 to 30 September 2012. The second stage of the programme is
expected to take place from 1 October, 2012 to 30 September, 2013.

See enclosed PDF.