Company: PNDZF
Filing Date: 2025-04-11
Form Type: F-6EF
Source: 0001019155-25-000138
Chunk: 2

Company: Pandora A/S / ADR
Filing Date: 2025-04-11
Form: F-6EF
Chunk 2
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 requirements for filing on
Form F-6 are met and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized,
in the City of New York, State of New York, on April 11, 2025.

Legal entity created by the agreement
for the issuance of American Depositary Shares for ordinary shares of Pandora A/S.

By: The Bank of New York Mellon,
As Depositary

By:

Name: Vanessa Salazar

Title: Senior Vice President

<div align='center'>INDEX TO EXHIBITS</div>

| Exhibit 
 Number  | Exhibit |

| 1 | Form of American Depositary Receipt and Statement of Terms and Conditions, which contains the form of deposit agreement relating to the American Depositary Shares registered hereunder. |
| 4 | Opinion of Emmet, Marvin & Martin, LLP, counsel for the Depositary, as to the legality of the securities being registered.                                                               |
| 5 | Certification under Rule 466.                                                                                                                                                            |