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Transactions in connection with share buy-back program

1. Genmab initiates a share buy-back program for 2.2 million shares. 2. The program aims to reduce capital and honor stock unit commitments. 3. Completed transactions resulted in 233,556 shares bought back this week. 4. Genmab currently holds 2.77 million treasury shares, about 4.19% total. 5. The buy-back adheres to EU regulations for share repurchases.

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FAQ

Why Bullish?

Share buy-back programs typically signal financial strength and can enhance shareholder value, as seen with many strong biotech firms. Historical data shows that share buybacks often lead to price appreciation in the following months.

How important is it?

Share buybacks, particularly in biotech, show confidence in company fundamentals and can indicate growth potential, making this news relevant for investors.

Why Short Term?

The buy-back will provide immediate support for the stock price while reducing share supply. The anticipated completion by July strengthens near-term stock performance expectations.

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Company Announcement COPENHAGEN, Denmark; March 31, 2025 – Genmab A/S (Nasdaq: GMAB). On March 25, 2025, Genmab announced the initiation of a share buy-back program to repurchase up to 2.2 million shares to reduce capital and to honor our commitments under the Restricted Stock Unit program. The share buy-back program is expected to be completed no later than July 10, 2025. The following transactions were executed under the program from March 26 to March 28, 2025:  Trading PlatformNo. of sharesAverage price (DKK)Total value (DKK)March 26, 2025XCSE45,4671,357.43  BCXE21,3111,357.41  AQEU4,1481,359.16  TQEX4,1741,356.43  Total75,1001,357.47101,945,764.19March 27, 2025XCSE48,2491,380.52  BCXE23,0001,380.11  AQEU4,357             1,382.59  TQEX4,4721,378.49  Total80,0781,380.40110,539,671.20March 28, 2025XCSE46,9241,371.40  BCXE23,9611,371.22  AQEU2,6931,371.96  TQEX4,8001,371.78  Total78,3781,371.39107,486,507.58Total 233,556 319,971,942.97 Details of each transaction are included as an appendix to this announcement. Following these transactions, Genmab holds 2,771,544 shares as treasury shares, corresponding to 4.19% of the total share capital and voting rights. The share buy-back program is undertaken in accordance with Regulation (EU) No. 596/2014 (‘MAR’) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the “Safe Harbour Regulation.” Further details on the terms of the share buy-back program can be found in our company announcement no. 14 dated March 25, 2025. About Genmab Genmab is an international biotechnology company with a core purpose of guiding its unstoppable team to strive toward improving the lives of patients with innovative and differentiated antibody therapeutics. For more than 25 years, its passionate, innovative and collaborative team has invented next-generation antibody technology platforms and leveraged translational, quantitative and data sciences, resulting in a proprietary pipeline including bispecific T-cell engagers, antibody-drug conjugates, next-generation immune checkpoint modulators and effector function-enhanced antibodies. By 2030, Genmab’s vision is to transform the lives of people with cancer and other serious diseases with knock-your-socks-off (KYSO) antibody medicines®.  Established in 1999, Genmab is headquartered in Copenhagen, Denmark, with international presence across North America, Europe and Asia Pacific. For more information, please visit Genmab.com and follow us on LinkedIn and X. Contact:        Marisol Peron, Senior Vice President, Global Communications & Corporate AffairsT: +1 609 524 0065; E: mmp@genmab.com Andrew Carlsen, Vice President, Head of Investor RelationsT: +45 3377 9558; E: acn@genmab.comThis Company Announcement contains forward looking statements. The words “believe,” “expect,” “anticipate,” “intend” and “plan” and similar expressions identify forward looking statements. Actual results or performance may differ materially from any future results or performance expressed or implied by such statements. The important factors that could cause our actual results or performance to differ materially include, among others, risks associated with pre-clinical and clinical development of products, uncertainties related to the outcome and conduct of clinical trials including unforeseen safety issues, uncertainties related to product manufacturing, the lack of market acceptance of our products, our inability to manage growth, the competitive environment in relation to our business area and markets, our inability to attract and retain suitably qualified personnel, the unenforceability or lack of protection of our patents and proprietary rights, our relationships with affiliated entities, changes and developments in technology which may render our products or technologies obsolete, and other factors. For a further discussion of these risks, please refer to the risk management sections in Genmab’s most recent financial reports, which are available on www.genmab.com and the risk factors included in Genmab’s most recent Annual Report on Form 20-F and other filings with the U.S. Securities and Exchange Commission (SEC), which are available at www.sec.gov. Genmab does not undertake any obligation to update or revise forward looking statements in this Company Announcement nor to confirm such statements to reflect subsequent events or circumstances after the date made or in relation to actual results, unless required by law. Genmab A/S and/or its subsidiaries own the following trademarks: Genmab®; the Y-shaped Genmab logo®; Genmab in combination with the Y-shaped Genmab logo®; HuMax®; DuoBody®; HexaBody®; DuoHexaBody®, HexElect® and KYSO®. Company Announcement no. 15 CVR no. 2102 3884 LEI Code 529900MTJPDPE4MHJ122 Genmab A/SCarl Jacobsens Vej 302500 Valby Denmark 310325_CA15_Transactions in connection with SBBP Appendix_Transactions in connection with SBBP_Mar31

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