Zealand Pharma

Share Issue/Capital Change • Sep 26, 2015

Copenhagen, 2015-09-26 11:00 CEST (GLOBE NEWSWIRE) -- 26 September 2015 –
Zealand announces that its share capital has been increased by nominal DKK
150,702 divided into 150,702 new shares with a nominal value of DKK 1 each. The
increase is a consequence of the exercise of employee warrants granted under
four of the company's warrant programs as described in the Articles of
Association.

The exercise price is DKK 94.60 per share for 85,788 of the new shares, DKK
77.00 per share for 49,273 of the new shares and DKK 50.27 per share for 15,641
of the new shares. The total proceeds to Zealand from the capital increase
amounts to DKK 12,695,838.87.

The new shares give rights to dividend and other rights from the time of the
warrant holder's exercise notice. Each new share carries one vote at Zealand’s
general meetings. Zealand only has one class of shares.

The new shares will be listed on Nasdaq Copenhagen following registration of
the capital increase with the Danish Business Authority. Following registration
of the new shares, the share capital of Zealand will be nominal DKK 24,052,000
divided into 24,052,000 shares with a nominal value of DKK 1 each.

The amendment of Zealand’s Articles of Association entailed by the share
capital increase has today been registered with the Danish Business Authority.
The new Articles of Association are attached to this announcement and are also
available on the company’s website: www.zealandpharma.com.

The content of this announcement has no impact on the company’s financial
guidance for 2015.

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For further information, please contact:

Hanne Leth Hillman, Senior Vice President, Investor Relations & Communications

Tel: +45 50 60 36 89, email: hlh@zealandpharma.com

About Zealand Pharma

Zealand Pharma A/S (Nasdaq Copenhagen: ZEAL) (“Zealand”) is a medicinal biotech
company with leading expertise in the identification, design and development of
novel peptide medicines. Zealand has a proprietary pipeline of novel drug
candidates and a portfolio of products and projects under license
collaborations with Sanofi, Helsinn Healthcare and Boehringer Ingelheim –
primarily in the fields of cardio-metabolic diseases and acute care
indications.

The proprietary pipeline includes; danegaptide for ischemic reperfusion
Injuries in Phase II development, ZP1848 for Short Bowel Syndrome in Phase II
development and the stable glucagon analogue, ZP4207 as a single-dose rescue
pen for severe hypoglycemia in preparation for Phase II, and ZP4207 as
multiple-dose use for the correction of mild to moderate hypoglycemia in
evaluation for the next clinical development step after Phase I, as well as
several preclinical peptide therapeutics.

Zealand has invented lixisenatide, a once-daily prandial GLP-1 agonist, which
is marketed globally (ex-US) by Sanofi for the treatment of Type 2 diabetes.
Sanofi submitted lixisenatide for regulatory approval in the US in late July
2015, and has a combination of lixisenatide with insulin glargine (Lantus®)
which is on track for regulatory submission in the US in Q4 2015 and in Europe
in Q1 2016.

The company is based in Copenhagen (Glostrup), Denmark. For further information
about Zealand’s business and activities, please visit: www.zealandpharma.com or
follow us on Twitter @ZealandPharma