BerGenBio

Share Issue/Capital Change • Nov 28, 2023

BerGenBio ASA - Siste dag av den første utøvelsesperioden for de frittstående tegningsrettene utstedt i forbindelse med fortrinnsrettsemisjonen

BerGenBio ASA - Siste dag av den første utøvelsesperioden for de frittstående tegningsrettene utstedt i forbindelse med fortrinnsrettsemisjonen

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED

STATES, CANADA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE

PEOPLE'S REPUBLIC OF CHINA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE

DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.

PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS STOCK EXCHANGE ANNOUNCEMENT.

Bergen 28. november 2023 - Det vises til børsmeldingen fra BerGenBio ASA

("Selskapet") datert 15. november 2023 vedrørende start av den første

utøvelsesperioden for de 1.249.999.617 frittstående tegningsrettene (de

"Frittstående Tegningsrettene") utstedt i forbindelse med

fortrinnsrettsemisjonen som reiste bruttoproveny på NOK 250 millioner

("Fortrinnsrettsemisjonen"). De Frittstående Tegningsrettene er noterte fra 23.

juni 2023 og kan handles på Oslo Børs frem til kl 16:30 (CEST) den 8. april 2024

under ticker-koden "BGBIS". Hver Frittstående Tegningsrett gir innehaveren rett

til å tegne en ny aksje i Selskapet i løpet av to utøvelsesperioder (slike nye

aksjer omtales samlet som "Nye Aksjene").

Den første utøvelsesperioden for de Frittstående Tegningsrettene avsluttes i

dag, den 28. November 2023 kl. 16.30 (CET).

Frittstående Tegningsretter utøves ved innsendelse av en korrekt utfylt

utøvelsesblankett ("Utøvelsesblanketten") til en av Arctic Securities AS eller

Carnegie AS (i fellesskap, "Tilretteleggerne") på adressen eller e-postadressen

angitt i prospektet utarbeidet i forbindelse med Fortrinnsrettsemisjonen datert

26. mai 2023 ("Prospektet") eller i Utøvelsesblanketten, eller elektronisk

gjennom VPS' online tegningssystem i løpet av en av utøvelsesperiodene for de

Frittstående Tegningsrettene. Utøvelsesblanketten og link til VPS elektronisk

tegningssystem kan finnes på nettsidene til Selskapet

(https://www.bergenbio.com/investors/investor-relations/norwegian-warrants),

Carnegie AS (www.carnegie.no/ongoing-prospectuses-and-offerings/) og Arctic

Securities AS (www.arctic.com/secno/en/offerings). Ved å fylle ut og sende inn

en Utøvelsesblankett eller tegne elektronisk via VPS, forplikter innehaveren av

Frittstående Tegningsretter seg til å tegne et antall Nye Aksjer tilsvarende det

antall Frittstående Tegningsretter som utøves til den relevante utøvelsesprisen.

For ytterligere informasjon, vennligst kontakt:

Martin Olin CEO, BerGenBio ASA

ir@bergenbio.com

Rune Skeie, CFO, BerGenBio ASA

rune.skeie@bergenbio.com

Media Relations

Jan Lilleby

jl@lillebyfrisch.no

For informasjon om de Frittstående Tegningsrettene, vennligst kontakt en av

Tilretteleggerne::

Arctic Securities AS, tlf.: + 47 21 01 30 40

Carnegie AS, tlf.: +47 22 00 93 40

About BerGenBio ASA

BerGenBio is a clinical-stage biopharmaceutical company focused on developing

transformative drugs targeting AXL as a potential cornerstone of therapy for

aggressive diseases, including cancer and severe respiratory infections. The

Company is focused on its proprietary lead candidate bemcentinib a potentially

first-in-class selective AXL inhibitor in development for STK11 mutated NSCLC

and severe respiratory infections. BerGenBio is based in Bergen, Norway with a

subsidiary in Oxford, UK. The Company is listed on the Oslo Stock Exchange

(ticker: BGBIO). For more information, visit www.bergenbio.com.

- IMPORTANT INFORMATION -

This announcement does not constitute an offer of securities for sale or a

solicitation of an offer to purchase securities of the Company in the United

States or any other jurisdiction. The securities of the Company may not be

offered or sold in the United States absent registration or an exemption from

registration under the U.S. Securities Act of 1933, as amended (the "U.S.

Securities Act"). The securities of the Company have not been, and will not be,

registered under the U.S. Securities Act. Any sale in the United States of the

securities mentioned in this communication will be made solely to "qualified

institutional buyers" as defined in Rule 144A under the U.S. Securities Act. No

public offering of the securities will be made in the United States.

This announcement has been prepared on the basis that any offer of securities in

any Member State of the European Economic Area, other than Norway, which has

implemented the Prospectus Regulation (EU) (2017/1129, as amended, the

"Prospectus Regulation") (each, a "Relevant Member State") will be made pursuant

to an exemption under the Prospectus Regulation, as implemented in that Relevant

Member State, from the requirement to publish a prospectus for offers of

securities. Accordingly any person making or intending to make any offer in that

Relevant Member State of securities which are the subject of the offering

contemplated in this announcement, may only do so in circumstances in which no

obligation arises for the Company or any of the Managers to publish a prospectus

pursuant to Article 3 of the Prospectus Regulation or supplement a prospectus

pursuant to Article 16 of the Prospectus Regulation, in each case, in relation

to such offer.

In the United Kingdom, this announcement is only addressed to and is only

directed at Qualified Investors who (i) are investment professionals falling

within Article 19(5) of the Financial Services and Markets Act 2000 (Financial

Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling

within Article 49(2)(a) to (d) of the Order (high net worth companies,

unincorporated associations, etc.) (all such persons together being referred to

as "Relevant Persons"). This announcement are directed only at Relevant Persons

and must not be acted on or relied on by persons who are not Relevant Persons.

Any investment or investment activity to which this announcement relates is

available only to Relevant Persons and will be engaged in only with Relevant

Persons. Persons distributing this communication must satisfy themselves that it

is lawful to do so.

Matters discussed in this announcement may constitute forward-looking

statements. Forward-looking statements are statements that are not historical

facts and may be identified by words such as "anticipate", "believe",

"continue", "estimate", "expect", "intends", "may", "should", "will" and similar

expressions. The forward-looking statements in this release are based upon

various assumptions, many of which are based, in turn, upon further assumptions.

Although the Company believes that these assumptions were reasonable when made,

these assumptions are inherently subject to significant known and unknown risks,

uncertainties, contingencies and other important factors which are difficult or

impossible to predict and are beyond its control. Such risks, uncertainties,

contingencies and other important factors could cause actual events to differ

materially from the expectations expressed or implied in this release by such

forward-looking statements. The information, opinions and forward-looking

statements contained in this announcement speak only as at its date, and are

subject to change without notice.

This announcement is made by and, and is the responsibility of, the Company. The

Managers are acting exclusively for the Company and no one else and will not be

responsible to anyone other than the Company for providing the protections

afforded to their respective clients, or for advice in relation to the contents

of this announcement or any of the matters referred to herein.

Neither the Managers nor any of their respective affiliates makes any

representation as to the accuracy or completeness of this announcement and none

of them accepts any responsibility for the contents of this announcement or any

matters referred to herein.

This announcement is for information purposes only and is not to be relied upon

in substitution for the exercise of independent judgment. It is not intended as

investment advice and under no circumstances is it to be used or considered as

an offer to sell, or a solicitation of an offer to buy any securities or a

recommendation to buy or sell any securities of the Company. Neither the

Managers nor any of their respective affiliates accepts any liability arising

from the use of this announcement. Any offering of the securities referred to in

this announcement will be made by means of a prospectus.

This announcement is an advertisement and is not a prospectus for the purposes

of the Prospectus Regulation. Investors should not subscribe for any securities

referred to in this announcement except on the basis of information contained in

the Prospectus dated 26 May 2023 and stock exchange announcements published in

connection with the Rights Issue and the Warrants. Copies of the Prospectus is

available from the Company's registered office and, subject to certain

exceptions, on the websites of the Company (www.bergenbio.com), (Carnegie

www.carnegie.no/ongoing-prospectuses-and-offerings) and Arctic Securities AS

(www.arctic.com/secno/en/offerings).

Each of the Company, the Managers and their respective affiliates expressly

disclaims any obligation or undertaking to update, review or revise any

statement contained in this announcement whether as a result of new information,

future developments or otherwise.

The distribution of this announcement and other information may be restricted by

law in certain jurisdictions. Persons into whose possession this announcement or

such other information should come are required to inform themselves about and

to observe any such restrictions.

This information is published in accordance with the requirements of the

Continuing Obligations.