Zealand Pharma

Share Issue/Capital Change • May 13, 2015

Copenhagen, 2015-05-13 11:44 CEST (GLOBE NEWSWIRE) -- Copenhagen, 13 May 2015
? Zealand Pharma (Nasdaq Copenhagen: ZEAL) (“Zealand”) announces that its
Articles of Association have been amended to reflect the recent grant of
warrants to the company’s Executive Management and employees, as announced in
Company Announcement no. 20/2015 on 5 May 2015.

The grant of warrants is part of Zealand’s incentive scheme, which has the
objective of attracting and retaining first-rate employees and helping to
ensure a common short and long-term interest between the management and the
shareholders of the company.

The amendment of Zealand’s Articles of Association entailed by the grant of
warrants 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.

                                  ?????

For further information, please contact:

Britt Meelby Jensen, President and Chief Executive Officer
Tel: +45 51 67 61 28, email: bmj@zealandpharma.com

Hanne Leth Hillman, Senior Vice President for Communications and Investor
Relations
Tel: +45 50 60 36 89, email: hlh@zealandpharma.com

About Zealand Pharma

Zealand Pharma A/S (“Zealand”) (Nasdaq Copenhagen: ZEAL) is a biotechnology
company based in Copenhagen, Denmark. Zealand has leading expertise in the
discovery, design and development of novel peptide medicines and possesses
in-house competences also in clinical trial design and management with a
therapeutic focus on metabolic diseases and acute care indications. The company
is advancing a pipeline of novel wholly-owned medicines in development
alongside a partnered product and development portfolio.

Zealand’s first invented medicine, lixisenatide, a once-daily prandial GLP-1
agonist for the treatment of Type 2 diabetes, is marketed globally (ex-US) as
Lyxumia® and in Phase III development as a single-injection combination with
Lantus® (LixiLan), both under a global license agreement with Sanofi. US
regulatory submission of Lyxumia® is planned for Q3 2015 with US and EU
regulatory submissions of LixiLan expected in Q4 2015 and Q1 2016,
respectively.

Zealand’s wholly-owned products include danegaptide (prevention of Ischemic
Reperfusion Injury) in Phase II and the stable glucagon product, ZP4207
(treatment of severe hypoglycemia) in Phase I as well as several preclinical
peptide therapeutics. Partnering represents an important component of strategy
to leverage in-house expertise, share development risk in large clinical
trials, provide funding and commercialize the company’s products. Zealand
currently has global license agreements and partnerships with Sanofi, Helsinn
Healthcare, Boehringer Ingelheim and Eli Lilly.

For further information: www.zealandpharma.com Follow us on Twitter
@ZealandPharma